Friday, September 18, 2009

Forex Crunch Forex Daily Outlook – September 18th 2009

Forex Crunch Forex Daily Outlook – September 18th 2009

Forex Daily Outlook – September 18th 2009

Posted: 17 Sep 2009 10:00 PM PDT

After a hectic weak that saw much dollar weakness, Friday’s calendar isn’t crowded at all. Apart from a few indicators, a “Friday effect” may occur near the end of the day. Let’s see what’s up:

Japan starts the day with the BOJ Monthly Report. After the Monetary Policy Statement stated that there are signs of recovery, this bulletin will shed more light on the economy.

German PPI is expected to rise by 0.1% after plunging by 1.5% last month. Europe may be slowly getting out of deflation. Later in Europe, the Current Account is predicted to show a smaller deficit, of 4.3 billion, 1 billion less than last month.

In Britain, Public Sector Net Borrowing is predicted to be more than double last month’s number: 17.9 billion instead of 8 billion. Will this help the Pound.

In Canada, Wholesale Sales are expected to advance by 0.7%, after a 0.6% rise last month. Also the loonie enjoyed the dollar’s weakness.

That’s it for a short last day of the week.

Note: I’m on vacation until September 29th, so there won’t be weekly and daily outlooks till then. General purpose articles are scheduled to be published while I’m gone.
Posted by at 5:29 AM

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