Friday, June 19, 2009

Forex Crunch

Forex Crunch

Forex Daily Outlook - June 19th 2009

Posted: 18 Jun 2009 02:00 PM PDT

A rather calm Friday awaits traders, as no American indicators are published today. Still, Canadian Retail Sales and other figures appear today.

Japanese Monetary Policy Meeting Minutes start the day. The BOJ has expressed cautious optimism lately. Will this be reflected in the meeting minutes?

In Europe, German PPI is expected to fall by 0.1%, after falling by 1.4% last time. It could be even lower, given other inflation figures.

Canadian Retail Sales are expected to remain unchanged this month after rising by 0.3% last time. Core Retail Sales are expected to drop by 0.1%.

Retail Sales ends the interesting week, in which the loonie is retreating. For more on the USD/CAD, check out the Canadian Dollar Outlook.

Near the end of the day, SNB Governing Board Member Thomas Jordan will be speaking. This might shake the Swissy at the end of a bad week. Read more about the Swissy.

Happy forex trading!
Posted by Abdelrahman Ellithy at 5:43 AM

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