FOMC Member Lockhart Speaks in the US and Trade Balance In the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President is due to lecture in Atlanta.
More in the US, Beige Book, scheduled 8 times per year (along with the Green & Blue Book), shows the FOMC next decision on interest rates.
Finally in the US, Crude Oil Inventories, weekly report to value the commercial crude oil held in inventory, is about to reduce from 2.2M on the last week down to 0.9M now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Final Gross Domestic Product (GDP); 0.2% is predicted with no change from the last quarter.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Trade Balance, shows the monthly difference between exported and imported goods, due to further reduce from -7.6B on December down to -8.3B now.
Read more about the Pound in the GBP/USD forecast.
In New Zealand, Real Estate Institute of New Zealand (REINZ), House Price Index (HPI); value the homes selling price , 1.1% is predicted similar to the last month.
More in New Zealand, Australia and New Zealand Banking Group (ANZ) Commodity Prices is expected to remain -1% similar to December.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Leading Indicators is predicted to rise from 92.0% to 92.9% now.
More in Japan, Bank Lending, is due to remain 0.2%.
Finally in Japan, Current Account is about to decreases from 0.52T on December down to 0.44T now.
Read more about the yen in the USD/JPY forecast.
That’s it for today.
Forex Daily Outlook January 11 2012
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