Forex Daily Outlook May 17 2013
We end this week with Prelim UoM Consumer Sentiment in the US and CPIÂ in Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Prelim University of Michigan (UoM) Consumer Sentiment, Consumer’s Monthly Survey to rate the current and upcoming financial conditions, rise up to 77.9 points is likely from 76.4 points on the last report. While on the Prelim UoM Inflation Expectations 3.1% is due similar to April.
Later in the US, The Conference Board (CB) Leading Index, composite index to value the change of 10 economic indicators, rise up to 0.3% now is predicted from -0.1% on the last month.
In Canada, Consumer Price Index (CPI), calculated the consumer’s price change of goods and services, drop of 0.2% from the last time is expected now. While on the Core CPI (without the 8 most volatile items), 0.2% is due to remain similar to April.
Later in Canada, Wholesale Sales, consumer spending leading indicator to value all the sales at the wholesale level, rise up to 0.4% is likely now.
For more on USD/CAD, read the Canadian dollar forecast.
In Great Britain, Martin Weale, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is likely to speak in Birmingham.
Read more about the Pound in the GBP/USD forecast.
Trade well
