Forex Daily Outlook April 12 2012



Unemployment Claims in the US and Trade Balance in Canada are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, important indicator to value the people that had filed for unemployment insurance on the past week for the first time, reduce of 2K is predicted down to 355K this time.

More in the US, Trade Balance, value the difference between imported and exported goods and services on the last month; rise of 0.7B is expected to -51.9B from March.

Moreover in the US, Producer Price Index (PPI), consumer inflation measurement to value the producer’s price change for finished goods and services, reduce of 0.1% is expected from march down to 0.3%. Meanwhile on the Core PPI (without food and energy) 0.2% is due with no change from the last time.

Later in the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President is due to speak in in Atlanta.

Later on in the US, Sarah Bloom Raskin, Federal Reserve Governor is about to speak in Los Angeles.

Also in the US, Natural Gas Storage weekly measurement to value the cubic feet of natural gas that is held underground, 42B is forecasted similar to the last week.

Finally in the US, William Dudley, Federal Reserve Bank of New York President is expected to lector both in Syracuse and in Buffalo.

In Canada, Trade Balance, value difference between imported and exported goods, rise is predicted from 2.1B on March up to 2.2B now.

More in Canada, New Housing Price Index (NHPI), housing industry’s  indicator to measure the  in the selling price Change of new homes, rise of 0.1% is likely up to 0.2% this month.

For more on USD/CAD, read the Canadian dollar forecast.

In Europe, European Central Bank (ECB) Monthly Bulletin, the ECB Governing Board statistical data to evaluated regarding the latest interest rate decision.

More in Europe, Industrial Production, value the manufacturer’s mines, and utilities output, reduce of 0.5% is likely down to -0.2% from March.

Finally in Europe, French Consumer Price Index (CPI) is likely to rise up by 0.2% to 0.6% this month.

For more on the Euro, read the Euro to dollar forecast.

In Great Britain, Trade Balance, monthly measurement to show the difference between imported and exported goods; -7.7B is expected this month similar to the previous one.

More in Great Britain, Adam Posen, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is about to speak in New York.

Read more about the Pound in the GBP/USD forecast.

In Australia, Unemployment Rate, value by percentage all the unemployed that are and actively seeking for jobs over the past month, rise of 0.1% is predicted up to 5.3%.

Later in Australia, Employment Change, measure the number of employed people on the previous month, rise from -15.4K on March up to 6.4K is foretold this time.

Finally in Australia, Melbourne Institute (MI) Inflation Expectations, value the consumers expect price by percentage of goods and services over the next 12 months, 2.7% is likely to remain similar to March.

For more on the Aussie, read the AUD/USD forecast.

In Japan, Monetary Policy Meeting Minutes, full record of the BOJ Policy Board’s meeting, provides financial conditions that can influence interest rates.

Read more about the yen in the USD/JPY forecast.

That’s it for today.

Happy forex trading!


About

Anat Dror – Senior Writer

I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew.

In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students.

I’ve also worked as a community organizer

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