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Forex Daily Outlook – July 25 2011

We start the week with BBA Mortgage Approvals in the UK and Belgium NBB Business Climate in Europe as the main highlight on today’s outlook. Let’s see what awaits us today.

In Europe, Belgium National Bank of Belgium (NBB) Business Climate, Monthly Survey of around 6,000 businesses to value the level of present commercial conditions and forecast to the next 6 months, further reduce from -1.1 points on June to -2.2 points is expected this time.

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

In Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, monthly report to measure the new mortgages for hoses on the passing month, a rise from 30.5K on June to 31.3K this month is expected.

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

In Australia, Producer Price Index (PPI), quarterly measurement to value the of price of finished services and goods that were traded by manufacturers, reduce to 0.6% this time is expected from 1.2% on the last time.

More in Australia, Dr. Malcolm Edey, Reserve Bank of Australia (RBA) Assistant Governor (Economics) is about to speech in Darwin.

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

In New Zealand, Trade Balance, monthly report to measure the chance in the value of imported and exported goods, a reduce from 605M on June to 404M this time is expected.

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

In Japan, Masaaki Shirakawa Bank of Japan (BOJ) Governor is about to deliver a speech in Tokyo.

More in Japan, Corporate Services Price Index (CSPI) is about to remain -0/9% similar to the previous month.

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

For more events later in the week, check out the Live Forex Calendar

Anat Dror

Anat Dror

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