Daily Outlook - November 6th
Posted 11-06-2009 at 02:24 AM by Yohay
The busy week comes to an end with the big announcement of the Non-Farm Payrolls. The job market is lagging behind other indicators. Is this going to change? There are other important events as well. Let’s review them:
The day begins with the RBA Monetary Policy Statement from Australia. After the second rate hike this week, we might see a pause in this policy. Hints are possible in this statement. Later in Australia, Deputy Governor Ric Battellino will make a public appearance.
The AUD/USD went down under the support line of 0.8950 at the beginning of the week but recovered quickly.
In Switzerland, Unemployment Rate is expected to edge up from 4.1% to 4.2%. USD/CHF isn’t that far from parity once again.
In Europe, France will release its Trade Balance, which is expected to show a smaller deficit. Later, German Factory Orders are expected to continue marching forward, this time by 1%. For more on the Euro, read the EUR/USD Forecast
Read the rest of the daily forex forecast.
The day begins with the RBA Monetary Policy Statement from Australia. After the second rate hike this week, we might see a pause in this policy. Hints are possible in this statement. Later in Australia, Deputy Governor Ric Battellino will make a public appearance.
The AUD/USD went down under the support line of 0.8950 at the beginning of the week but recovered quickly.
In Switzerland, Unemployment Rate is expected to edge up from 4.1% to 4.2%. USD/CHF isn’t that far from parity once again.
In Europe, France will release its Trade Balance, which is expected to show a smaller deficit. Later, German Factory Orders are expected to continue marching forward, this time by 1%. For more on the Euro, read the EUR/USD Forecast
Read the rest of the daily forex forecast.
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