Forex Daily Outlook December 18 2012



CPI in the UK and Monetary Policy Meeting Minutes in Australia are the main events lined up. Let’s see what awaits us today.

In the US, Current Account, quarterly indicator to value the difference between imported and exported goods, services and so on, -105B is likely now from -117B on the last report.

Later in the US,  National Association of Home Builders (NAHB) Housing Market Index, Survey to rate the present and upcoming home sales, rise of 1 point is due now up to 47 points.

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

In Great Britain, Bank of England (BOE) Inflation Letter, the Chancellor of the Exchequer receives an explaining letter to shows the future monetary policy when Consumer Price Index (CPI) changes more than 1%.

Later in Great Britain, Consumer Price Index (CPI), value the consumers’ goods and services price change, reduce of 0.1% is likely down to 2.6% this time. While on the Core CPI (without the volatile food, energy, alcohol, and tobacco items) is likely to rise by 0.1% from November up to 2.7% now. And no 3.2% is expected on the RPI with no change from the previous time.

Later on in Great Britain, Producer Price Index (PPI) Input, the manufacturer’s price change of goods and raw materials, 0.1% is predicted now from 0.4% on November. While on the PPI Output rise is due from 0.1% on the previous month up to 0.2%.

More in Great Britain, House Price Index (HPI) is likely to reduce down by 0.1% from November down to 1.6% now.

Finally in Great Britain, Bank of England (BOE) Quarterly Bulletin is due now.

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

In Australia, Monetary Policy Meeting Minutes, a detailed record of the Reserve Bank of Australia (RBA) latest meeting, that provides insights regarding the economic conditions and their decision on the interest rates.

Later in Australia, Melbourne Institute (MI) Leading Index is due now with 0.7%

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

In New Zealand, ANZ Business Confidence, Survey to measure the economic outlook for 12 month, 26.4 points are due now similar to the last time.

Later in New Zealand, Current Account, -4.28B is calculated now from -1.80B on the last quarter.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Trade Balance, -0.81T is due now from -0.62T on November.

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

Trade well




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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