Forex Daily Outlook March 16 2012



We summarize this week Prelim UoM Consumer Sentiment in the US as the major event of the day. Here is an outlook on the market-movers awaiting us.

In the US, Consumer Price Index (CPI), value the consumers’ price change of goods and services on the past month, rise of 0.2% from February is predicted up to 0.4%, while on the Core CPI no change is expected and 0.2% is likely.

More in the US, Prelim University of Michigan (UoM) Consumer Sentiment, consumer spending Survey of to rate the present and forthcoming economic conditions, rise from75.3 points in February is predicted up to 75.8 points. Meanwhile on the Prelim UoM Inflation Expectations 3.3% is likely to remain similar to the last report.

Moreover in the US, Capacity Utilization Rate, value the available resources by percentage that are being utilized by manufacturers , mines, and so on, rise is predicted from 78.5% on February up to 78.9% now.

Finally in the US, Industrial Production, value of output by manufacturers production, is about to rise up to 0.4% this time.

In Canada, Manufacturing Sales, monthly indicator to measure the manufacturers’ total value of sales made over the last month, decrease is forecasted by 0.2% from the last month down to 0.4%.

More in Canada, Foreign Securities Purchases, Total value of stocks, money-market assets that are purchased by foreigners on the last month, is due to decline from 7.38B on February down to 6.27B now.

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

In Europe, Trade Balance, value the difference between imported and exported goods and services on the previous month, decrease is predicted from 7.5B down to 6.2B this time.

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

That’s it for today.

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


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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