Forex Daily Outlook March 20 2013
FOMC Statement in the US and Annual Budget Release in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Federal Open Market Committee (FOMC) Statement, FOMC primary tool to communicate with investors regarding monetary policy, contains interest rates and other policy measures and, discusses the financial outlook of future vote. It is followed by a FOMC Press Conference and FOMC Economic Projections. The Federal Funds Rate remains 0.25% with no change from the past reports.
Later in the US, Crude Oil Inventories, weekly report to value the commercial crude oil barrels held in inventory, 1.8M is due from 2.6M on the last time.
In Europe, Current Account value the difference between imported and exported goods, services and so on, 7.9B is calculated now from 13.9B on the previous month.
Later in Europe, German Producer Price Index (PPI) measures the price change of goods sold by manufacturers, 0.2% is expected now from 0.8% on February.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Annual Budget Release the government’s budget for the year, including expected spending, income levels, financial objectives and so on. It can provide insight on the nation’s underlying economic position.
Later in Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the Bank of England (BOE) MPC’s latest meeting record that provides insights regarding the economic conditions that outcome of future votes.
Later on in Great Britain, Unemployment Rate value by percentage all the work force of unemployed and actively seeking for jobs on the past 3 months, 7.8% is due with no change form the last time.
Finally in Great Britain, Claimant Count Change, the number of people claiming unemployment benefits, -5.2K is expected now from -12.5K on February.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, Survey to rate the economic outlook for Switzerland over the last 6 months, 10.0 is forecasted similar to the previous time.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Gross Domestic Product (GDP), shows all goods and services produced by the economy, 0.9% is predicted now from 0.2% on the last quarter.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Trade Balance value the difference between imported and exported goods, -1.01T is calculated from -0.68T on the last month.
Read more about the yen in the USD/JPY forecast.
Trade well
