Dec 18, 2011

Forex Crunch USD/JPY Outlook December 19-23

Forex Crunch USD/JPY Outlook December 19-23

USD/JPY Outlook December 19-23

Posted: 18 Dec 2011 12:00 AM PST

Dollar/yen remained in range and couldn’t move up, despite good US data. The rate decision is the main event this week.  Here is an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week Japan’s large manufacturer’s sentiment dived to-4 in the third quarter from2 inthe second quarter amid worsening conditions in foreign markets and the yen appreciation and the floods in Thailand resulting in lower exports. The reading was below the -2 drop predicted. However the service sector dealing with domestic consumers unaffected by foreign markets, were quite optimistic with a reading of 4 after reaching1 in the second quarter. The figure was well above the1 pt. predicted. However unless foreign market conditions improve, Japanese economy could face a recession.

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NZD/USD Outlook December 19-23

Posted: 17 Dec 2011 03:32 PM PST

The New Zealand dollar couldn’t withstand the European storm and dropped for another week. NBNZ Business Confidence, Current account and GDP are the highlight of this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD

Last week figures revealed that New Zealand’s manufacturing sector contracted further in October, reaching 45.7 from 46.6 in the previous month. The drop occurred despite the approaching holiday season when production usually increases. Will the manufacturing sector improve this month?

Read the rest of the article NZD/USD Outlook December 19-23

USD/CHF Outlook December 19-23

Posted: 17 Dec 2011 12:58 PM PST

The dollar made some inroads against the Swiss franc, climbing close to 0.9550, before giving up most of those gains.  The upcoming week is very quiet, with only two important indicators. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF.

Analysts say that Switzerland’s economic activity will be adversely affected by the strong franc, and the economy will slip into a recession in 2012. GDP growth for 2011 is forcast to be 1.8 per cent.

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USD/CAD Outlook December 19-23

Posted: 17 Dec 2011 09:19 AM PST

The Canadian dollar bowed to the greenback’s strength and lost a lot of ground. Inflation data and GDP are the main events. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

Last week BOC Governor Mark Carney made a speech in Toronto asking businesses to boost investments and enter emerging markets. He also recommended on Canada’s relatively healthy economic situation compared to the debt-fuelled foreign markets. Canadian consumers should restrain their debts while businesses should invest in enhancing productivity in the market. Will Canadian growth process continue?

Read the rest of the article USD/CAD Outlook December 19-23

EUR/USD Outlook December 19-23

Posted: 17 Dec 2011 06:00 AM PST

Euro/dollar finally gave in to all the bad news and fell to levels last seen in January. Will we see a new year to date low, or will trading calm down from here? We have quite a few events just before the Christmas holiday. Here is an outlook for these events and an updated technical analysis for EUR/USD.

The lack of an immediate remedy from the EU Summit was the main reason out of many why the euro fell. This came despite some positive signs from PMIs and successful bond auctions in Spain. The IFO business climate could provide good news for Germany, but the Italian worries are due to continue, especially with the GDP report.

Read the rest of the article EUR/USD Outlook December 19-23
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