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Forex Daily Outlook – July 22 2011

CPI  in Canada and German Ifo Business Climate in Europe are the major events this day. Here is an outlook on the market-movers awaiting us.

In Canada, Consumer Price Index (CPI) an important monthly report to measure the services & goods customers price is about to reduce from 0.7% to -0.2% this time. Meanwhile Core CPI Ex Volatile Items is about to reduce by 0.5%.

More in Canada, Retail Sales, main indicator of consumer spending, is about to reduce to -0.3% this month from 0.3% on June. While the Core Retail Sales (excluding cars) is due to rise to 0.2%.

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

In Europe, German Ifo Business Climate, monthly survey of around 7,000 industries to value the present business conditions and the forecast for the upcoming 6 months, about to reduce from 114.5 points on June to 113.7 points this month.

More in Europe, Industrial New Orders, measure the value of new manufacture orders on the last month, about to reduce from 0.8% on June to 0.7% this month.

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

In Australia, Import Prices, monthly measurement to value the goods acquired by traders; is about to reduce from 1.4% on June to -1% this month.

For more on the Aussie, read the  AUD/USD 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