With the U.S. markets closed today, a slow news day is likely to cause low liquidity in the marketplace. Still, there are several economic indicators that could create volatility and lead to a shakeup in an otherwise uneventful day.
08:15 GMT CHF Producer Price Index (PPI)
The PPI report shows the change in price for consumer goods purchased by manufacturers over the last month. The PPI is a leading indicator of inflation in the Swiss economy. A positive figure usually leads to gains for CHF as it shows that that the economy is stabilizing.... ( read more )
Posts Tagged with ‘Daily Forex Tips’
February 11, 2010 - Daily Forex Tips – February 11th 2010
A fairly slow news day today will likely be punctuated by a few market events likely to create volatility. Traders will want to pay attention to the weekly U.S. unemployment claims figures and the Canadian New Housing Price Index, as they are both likely to impact a number of currency pairs.
13:30 GMT USD Unemployment Claims
The U.S. unemployment figures are a record of the number of Americans who filed for first time unemployment insurance over the last week. The report is a leading indicator of American economic health and generally lea... ( read more )
January 14, 2010 - Daily Forex Tips January 14th 2010
A very volatile day expected today across the board in equities, commodities and currencies with the focus was turning to the European Central Bank meeting, U.S. retail sales numbers and jobless claims for December.
12:45 GMT EUR Minimum Bid Rate
- For the 8th month in a row, the European Minimum Bid Rate is predicted to remain at 1%. As in previous cases, the focus will shift to the ECB Press Conference, where Mr. Trichet may lay out the policy for 2010, and may hint a possible timing for a rate hike, now that prices stopped falling in t... ( read more )
January 4, 2010 - Daily Forex Tips – January 4th 2009
U.S ISM Manufacturing PMI on Tap
A new trading year begins today, a year that all expect to correct last year's losses. Will this mean that the EUR/USD will rise back towards the 1.60 level, or could it drop to the 1.30 level? Currently, a downtrend seems more likely, as the EUR/USD is less than 40 pips from a 4-months low. In addition, analysts are all asking what direction crude oil is headed? Will the appreciation of the Dollar weaken the price of oil? Or could the global economic recovery elevate crude oil back to $100 a barrel? Currentl... ( read more )
December 22, 2009 - Daily Forex Tips – December 22nd 2009
Several events to focus on today:
9:30 GMT GBP Current Account
- Britain traditionally suffers from a deficit in the Current Account, which includes services and money flows, in addition to goods that are reported in the trade balance release.
- Britain releases this figure every quarter, and this makes it rather “heavyweight”. In the second quarter, the deficit jumped from 4.1 to 11.4 billion, weighing on the Pound. It’s expected to ease to a 8.1 billion deficit this time.
- A better than expected release may support the ... ( read more )