Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Daily Market Outlook by Kate Curtis from Trader's Way
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="katetrades, post: 92077, member: 21862"] Forex Major Currencies Outlook (Nov 13, 2015) [B]USD[/B] [B][/B] The US dollar weakened in recent trading sessions, as Fed Chairperson Yellen refrained from sharing any monetary policy hints in her latest testimony. Other FOMC members also appeared to have mixed views on a liftoff, with Fed official Evans saying that he'd like to see further evidence of stronger inflation before hiking rates and Fed official Dudley hinting that it's possible that conditions for a liftoff have been satisfied. US retail sales figures are due today and a 0.3% increase in the headline figure is eyed while the core figure could show a 0.4% uptick. [B]EUR[/B] [B][/B] The euro managed to recover against its peers despite downbeat euro zone data and more dovish remarks from Draghi. The industrial production report showed a 0.3% decline versus the projected 0.1% drop while Draghi shared that that they're ready to act but didn't clarify which policy tools they'd be using. French and German preliminary GDP readings are due today, with weak data likely to push the shared currency down. [B]GBP[/B] The pound posted weak gains against the dollar as there were no reports to give it a strong boost. There are still no major reports out of the UK again today, which suggests that pound pairs might be in for more consolidation or be sensitive to counter currency action. [B]CHF[/B] [B][/B] The franc also enjoyed a bit of relief against the dollar, even though there were no reports out of Switzerland. Today has the PPI on tap and a 0.2% decline in producer prices is eyed, following the previous 0.1% drop. [B]JPY[/B] [B][/B] The yen managed to take advantage of dollar weakness and stay strong against its other rivals, although that could change during the release of the revised industrial production data and tertiary industry activity index today. No changes are expected for the initial 1.0% estimate in industrial production while the latter could show a meager 0.2% uptick. [B]Commodity Currencies (AUD, NZD, CAD)[/B] [B][/B] The Aussie and Kiwi were able to draw support from upbeat Australian jobs data throughout the day, but the Loonie was weighed down by falling oil prices. The Australian economy added 58.6K jobs versus the projected 14.8K gain, bringing the jobless rate down from 6.2% to 5.9%. US crude oil inventories rose from 2.8M to 4.2M, reviving fears of an oversupply. There are no major reports due from these economies today [I]By Kate Curtis from [URL="http://www.tradersway.com"]Trader's Way[/URL][/I] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…