Forex Daily Outlook January 9 2012



We start the week with some interesting events like FOMC Member Lockhart Speaks  in the US and BOC Business Outlook Survey  in Canada as the main highlight on today’s outlook. Let’s see what awaits us today.

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

More in the US, Consumer Credit, value the installment payments credits on the last month, due to reduce from 7.6B down to 7.2B.

In Canada, BOC Business Outlook Survey, value quarterly the general business conditions, like investment in machinery, inflation expectations, credit conditions, etc.

More in Canada, Building Permits, measures the new building permits that were issued on the last month, is due to decreases from 11.9% on December down to -3.1% this time.

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

In Europe, Sentix Investor Confidence, Monthly Survey to value the 6-month Eurozone financial outlook, due to rise up by 0.5 points to -23.5 points this month.

More in Europe, German Industrial Production, value the manufacturer’s output production, due to reduce from 0.8% on December down to -0.4% now.

Finally in Europe, Trade Balance, measures the difference between exported and imported goods, due to rise up to -5.8B in France and remain 12.6B in Germany

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

In Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, measures the value change in the sales, is about to remain -1.6%, similar to the last month report.

More in Great Britain, RICS House Price Balance, housing key indicator that is predicted to drop further more from -17% on December down to -18% now.

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

In Switzerland, Retail Sales, main consumer spending sign, value of the sales (without vehicles and gas stations), rise is expected from -0.2% on December up to 0.6% this month.

More in Switzerland, Unemployment Rate predicted to rise up to 3.1% this month.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, Building Approvals, new construction approvals that were issued on the previous month, rise is forecasted from -10.7% on December up to 6.3% this time.

More in Australia, Retail Sales, consumer spending main sign, rise of 0.2% from the last month is predicted up to 0.4% this month.

Later in Australia, Housing Industry Association (HIA); New Home Sales, measures monthly the newly built households that were sold, is about to remain 5.5% similar to the last month.

Finally in Australia, Australian Industry Group (AIG) Construction Index, monthly construction company’s survey to value production, prices, supplier deliveries, inventories etc., due to stay 36.9 points like to the preceding month.

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

In New Zealand, Building Consents, the new issued building approvals on the last month, no change from the last month and 11.2% is predicted.

More in New Zealand, Trade Balance, the monthly difference in between exported and imported goods, due to further reduce from -282M no December down to -290M.

For more about the kiwi, see the NZD/USD 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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