Forex Daily Outlook – July 27 2011



Durable Goods Orders in the US and David Miles’ speech in London are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Durable Goods Orders, leading measurement to value the difference in new purchase orders that were made by builders, a reduce from 2.1% on June to 0.4% this time is expected and on the Core Durable Goods Orders (excluding transportation items) is due to reduce by 0.2% from 0.5% last month to 0.7%.

Later in the US, Beige Book, study that is released 8 times per year and affects the FOMC next decisions on interest rates.

More in the US, Crude Oil Inventories, weekly report to value the inventory of crude oil, -3.7M that is similar to the last week is expected.

In Europe, M3 Money Supply, leasing measurement to value the full quantity of internal banks currency, 2.4% is expected to remain similar to the previous months.

More in Europe, German Prelim Consumer Price Index (CPI), monthly report to value the different in of services and goods prices that were acquired by customers.

Also in Europe, Private Loans is due to rise to 2.8% from 2.7% on June.

Finally in Europe, German Import Prices, monthly report to measure the different price of imported goods, a rise of 0.6% is expected this time.

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

In Great Britain, David Miles, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is due to speak in London.

More in Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, Survey (around 550 builders) to measure the order volume that is forecasted on the next 3 months, reduce to -2 points from 1 is expected this time.

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

In Switzerland, KOF Economic Barometer, monthly index that is based on economic indicators, small reduction from 2.23 last month to 2.13 this time is forecasted.

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

In Australia, Consumer Price Index (CPI), monthly report to measure the price of services and goods acquired by customers; reduction is expected from 1.6% on June to 0.7%. And the Trimmed Mean CPI (excluding 30%) is expected to reach 0.7%.

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

In New Zealand, Reserve Bank of New Zealand (RBNZ) Rate Statement, main and important tool used by the RBNZ and affected the monetary policy.

More in New Zealand, Official Cash Rate, released 8 times per year and effects on the banks short term interest rates, 2.5% is forecasted like on previous reports.

Finally in New Zealand NBNZ Business Confidence, Monthly Survey (around 1,500 industries) to rate the 12 months financial outlook, 46.5 points are expected now.

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

In Japan, Retail Sales, monthly measurement on the total sales at the retail level, reduce from -1.3% on June to -0.6% this time.

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

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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