FXstreet.com

Currency and Stock Markets Weekly Outlook

This report has been deactivated

0

0

Building recovering?

Mon, Jul 21 2008, 14:46 GMT
by Adam Narczewski

X-Trade Brokers, XTB


After last week’s vast amount of information, this week investors can catch their breath. Still, some reports can move the markets, especially the U.S housing market publications.

The beginning of the week should be slow. On Monday, no news bring my attention. On Tuesday, the most important report will be regarding Canadian retail sales. Also, speeches by Bank of England’s Governor King, U.S Treasury Secretary Paulson and FOMC Member, Plosser. I would focus on King’s speech, who is due to testify, along with BOE Deputy Governor Sir John Gieve, on banking reforms before Parliament’s Treasury Committee in London.

On Wednesday investors should still focus on the UK (MPC meeting minutes) and Canada (CPI and Core CPI inflation). From the U.S we will get the crude oil inventories publication and the Beige Book (recently ignored by analysts). For investors playing on the NZD it needs to be mentioned that New Zealand’s central bank will release its interest rate statement. No change from the current 8.25% is expected.

News from Europe will bring investors’ attention on Thursday morning. We will get to know the manufacturing PMI from the Euro zone and German Ifo Business Climate Index. Later on, the UK will release its retail sales report. In the afternoon, the most important publication from the U.S will be released - Existing Home Sales. Following this, on Friday the New Home Sales report will be published. Those publication should give us a better view of what is going on in the American housing market. Last week’s reports (building permits and building starts) were much better than expected giving investors hope that the market sector that caused the global crisis, is finally recovering.


Archive

X-Trade Brokers Dom Maklerski SA  | Robert.kosowski@xtb.pl; 00-876 Warszawa
http://www.xtb.com/ | Robert.kosowski@xtb.pl

Legal disclaimer and risk disclosure

X-Trade Brokers Dom Maklerski S.A. does not take responsibility for investment decisions made under the influence of the information published on this website. None of the published information can be treated as a recommendation, disposition, promise, or guarantee that the investor will achieve a profit or will minimize risk using the information published on this website. Transactions including investment instruments, especially derivatives using leverage, are in its nature speculative and can provide both profits and losses that can exceed the initial deposit engaged by the investor.


Interested in forex trading? forex brokerage firms!


FOREX.com
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account
Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.