Weekly Outlook - November 9-13 2009
Posted 11-07-2009 at 05:57 PM by Yohay
After a very busy week, that finished with painful employment figures in the US, the markets will have more time to digest the news this week. European GDP figures, British and Australian employment figures and US Trade Balance will stand out this week. Let’s see the main events awaiting us this week.
During the weekend, the finance ministers of the G20 countries are meeting in St. Andrews, Scotland. The headlines that will come out from there will impact the markets, and especially EUR/USD, which is sensitive to global events like these. EUR/USD, the world’s favorite currency pair, partially recovered from the panic that struck the markets two week’s ago.
Monday, November 9th: Australia provides a strong start to the week, with the Home Loans figure which is expected to turn positive this month. Also ANZ Job Advertisements are notable.
In Europe, German Industrial Production is predicted to continue rising. Canadian Housing Starts are expected to advance cautiously.
Tuesday, November 10th: British BRC Retail Sales Monitor serves as an unofficial retail sales release which should draw interest. Later in Britain, Trade Balance is expected to show a stable deficit. Also note the CB Leading Index. The British Pound enjoyed a favorable rate decision last week.
Read the rest of the weekly forex forecast.
During the weekend, the finance ministers of the G20 countries are meeting in St. Andrews, Scotland. The headlines that will come out from there will impact the markets, and especially EUR/USD, which is sensitive to global events like these. EUR/USD, the world’s favorite currency pair, partially recovered from the panic that struck the markets two week’s ago.
Monday, November 9th: Australia provides a strong start to the week, with the Home Loans figure which is expected to turn positive this month. Also ANZ Job Advertisements are notable.
In Europe, German Industrial Production is predicted to continue rising. Canadian Housing Starts are expected to advance cautiously.
Tuesday, November 10th: British BRC Retail Sales Monitor serves as an unofficial retail sales release which should draw interest. Later in Britain, Trade Balance is expected to show a stable deficit. Also note the CB Leading Index. The British Pound enjoyed a favorable rate decision last week.
Read the rest of the weekly forex forecast.
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