Sep 18, 2011

Forex Crunch GBP/USD Outlook – September 19-23

Forex Crunch GBP/USD Outlook – September 19-23

GBP/USD Outlook – September 19-23

Posted: 18 Sep 2011 04:00 AM PDT

The pound surrendered to global pressures and touched an 8 month low against the greenback. The upcoming week consists of the interesting MPC meeting minutes among other events. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

Inflation remains high in the UK, but this isn’t a great concern at the moment. The pound was relived by a not-so-bad jobs report, although the situation remains worrying, and the door for more QE is still open.

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USD/JPY Outlook – September 19-23

Posted: 18 Sep 2011 02:00 AM PDT

Dollar/yen fell once again and returned to the “intervention zone” as the dollar weakened. Will the BOJ make a move? Trade balance is the major event this week. Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week BSI Manufacturing Index for the third quarter was released ticking up to 10.3 from -23.3 in the second quarter but Revised Industrial Production was downward adjusted to 0.4% from 0.6%. Will recovery take the upper hand on the next few months?

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NZD/USD Outlook – September 19-23

Posted: 18 Sep 2011 12:00 AM PDT

The New Zealand dollar managed to recover and enjoy the weakness of the greenabck .NZ 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 RBNZ decided to leave rate at 2.50% despite the domestic requirement for a rate hike. The reason for this is concern over weaker demand for exports from other countries due to the delicate financial situation around the world. Is a rate hike likely to occur in the next RBNZ meeting?

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AUD/USD Outlook – September 19-23

Posted: 17 Sep 2011 12:00 PM PDT

The Aussie had a very volatile week which it eventually closed lower. The highlight of the upcoming week is the meeting minutes, which might provide guidance on future policy. Here is an outlook for these events, and an updated technical analysis for AUD/USD.

The Australian dollar couldn’t escape the European worries, and dipped to the 2010 peak. The news regarding Greece will continue accompanying us.

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USD/CAD Outlook – September 19-23

Posted: 17 Sep 2011 09:00 AM PDT

The Canadian dollar found itself at parity with the US dollar, but this didn’t persist and it eventually strengthened very nicely. Inflation rate is the highlight of this week. Here’s an outlook for the Canadian events, and an updated technical analysis for USD/CAD.

Last week Canadian manufacturing sales doubled  expectations in July rising 2.7% while 1.3% increase was predicted and following 1.3% decrease in the previous month, indicating, the economy better in the third quarter than in the second distancing itself from the risk of recession. Will this trend continue?

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EUR/USD Outlook – September 19-23

Posted: 17 Sep 2011 06:00 AM PDT

The euro managed to recover, but didn’t get too far, as a Greek default is still on the cards. The upcoming week consists of important surveys and PMIs that will show if conditions continue to worsen. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD.

This week’s rate decision by the Federal Reserve might take away some of the attention from Europe. Greece has an impact also on major European banks, that had trouble with accessing dollar funding. The joint effort by 5 central banks, including the Fed and the ECB to supply dollar liquidity, gave a temporary boost to the common currency, but this seems like a preparation for the Greek default.

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