by S. Wade Hansen PFXers...Thanks for all of the great feedback you gave us on ways we could improve your experience here at PFX. We are working on ways to implement the changes, and today is our first rollout of some of our new ideas. First, this new PFX Forex Trading Outlook article will give you a daily overview of what's happened in the forex market today (REVIEW) and how you can best prepare for what is going to happen tomorrow (PREVIEW). It will also be a one-stop location informing you of any changes on the site and any changes that take place fundamentally for any of the currency pairs. Second, to the right, you will see a new daily checklist for successfully using all of the information and data at PFX. Many of you have asked for a blueprint, or the best way to navigate the site. The PFX Daily Checklist is it. Third, we will now have a daily Intermarket Analysis Video to help you learn more about some of the external forces affecting the currency pairs you are trading. Lastly, we're going to start going through more trade analysis with actual examples. John has made a forum post showing one way we're thinking of doing this, but we've got a lot more planned so stay tuned. Let us know in the forum what you think of the changes so far and if there are any more you've thought of that you'd like to see: http://www.pfxglobal.com/forum/comments-on-pfx-stuff/pfx-forex-trading-outlook-16-july-2008.html Thanks again, and enjoy the PFX Forex Trading Outlook for today. REVIEW: 16 JULY 2008 The U.S. dollar (USD) was able to regain some strength today on the back of two important events: 1. The U.S. government reported that inflation, via the consumer price index (CPI), is on the rise in the U.S.---prompting renewed hopes that the Fed may actually raise interest rates this year. 2. Wells Fargo and other in the financial industry beat Wall Street earnings expectations and sent the U.S. stock market soaring higher---the Dow jumped 276 points to close above 11,000. However, the USD is not out of the woods yet. Oil and commodity prices, while lower than they were a few days ago, are still at extreme highs and the U.S. housing and credit markets are still shaky at best. PREVIEW: 17 JULY 2008 Forex traders are hoping to get more perspective on the outlook of the Fed and what the chance of an interest-rate hike this year is tomorrow as FOMC member Kroszner speaks. We will also be able to weigh his comments against the outlook of both the Bank of Canada (BOC) and the Bank of Japan (BOJ) as we receive the monetary policy reports from both institutions tomorrow. Many are starting to speculate that the BOJ may actually raise interest rates sooner than the Fed if inflation continues to climb in Japan. The BOJ will most likely keep interest rates above the rate of inflation. As far as economic announcement go for tomorrow, keep your eye on the following: - CAD Foreign Securities Purchases - USD Building Permits - CAD Monetary Policy Report - JPY Monetary Policy Meeting Minutes Also, keep an eye on Wall Street. A 2.52% gain on the Dow today is no guarantee we will see anything similar tomorrow. If the U.S. stock markets reverse tomorrow, we could see the USD lose ground and the Japanese yen (JPY) gain ground as the VIX climbs again. Keep profiting with forex. 
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