Forex Eur Usd Forecast
Daily Forex Outlook – October 27, 2009
After weeks of weakness, the U.S. dollar a correction was strong, winning all areas. Today CB Consumer Confidence is the main event, and there are many other events around the world. Let's see what happens today:
Australian NAB Quarterly business confidence was finally published, and was positive, reaching 16 points. This helped the Australian recovered slightly. AUD / USD trades at 0.9180 now. The Australian dollar was also affected by Yesterday's disappointing PPI, which rose just 0.1% last quarter.
For more information over the Australian, read the title = "http://www.forex68.net"> AUD / USD forecast.
In Switzerland, The UBS consumption indicator is due today. USD / CHF is getting away from parity. If you are in the Swissy, check out James Chen recent technical analysis for this couple.
In Europe, the M3 money supply is expected to grow more slowly, at 2.1%, showing that deflation remains strong. EUR / USD now trades at 1.4895, bouncing off the support line. Casey Stubbs analysis Read about the corrective move the Euro.
For more on the euro, see the EUR / USD forecast.
The British Pound is the weather this dollar correction quite well, with GBP / USD now at 1.6335. CBI realized sales are due to double 3-6 points, helping the Libra.
For more on Pound, see the GBP / USD Forecast.
Move to the U.S., the S & P / CS HPI Composite-20 is expected to show a slight decline in prices. An annualized drop of 11.9% is expected are published, rather than the fall of 13.3%.
CB Consumer Confidence is expected to show that consumers are a little more confident, rising 53.1 to 53.7 points. At day's end, Timothy Geithner will speak, and could drop something that move markets.
In Canada, BOC Governor Mark Carney will start testify in parliament and discuss monetary report last week. USD / CAD gained in the correction of the dollar, rising above the support line 1.0625, currently trading at 1.0684.
For more information on the loonie, read the USD / CAD Forecast.
Japanese retail sales close the day with a projected decline of 1.5% per year.
That is all for today. successful forex trading!
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Forex Forecast – EUR/USD and USD/JPY