Home Forex Daily Outlook – July 26 2011
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Forex Daily Outlook – July 26 2011

CB Consumer Confidence in the US and Prelim GDP in the UK are the main events lined up. Let’s see what awaits us today.

In the US, New Home Sales, important and main indicator to value the number of new single-family households that over the last month were sold, rise is expected from 319K on June to 321K this time.

Later in the US, The Conference Board (CB) Consumer Confidence, Monthly Survey (around 5,000 homes) to value the level of present and future financial conditions, a small reduction is expected from 58.5 points on June to 58.1 points this month.

More in the US, Standard & Poor’s (S&P) / Case-Shiller (CS) Composite-20 House Price Index (HPI); main report in 20 metropolitan areas to measure the selling price of single-family households, expected to further reduce to -4.6% from -4.0% on June.

Finally in the US, Richmond Manufacturing Index, Survey (around 100 manufacturers) to measure the business conditions on the passing month, 5 points are forecasted.

In Europe, GfK German Consumer Climate, Survey (around 2,000 customers) to measure the present and future financial conditions, reduce of 1 points is expected from 5.7 points on June to 5.6 points.

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

In Great Britain, Prelim Gross Domestic Product (GDP), quarterly report to measure the different value all services and goods made by the economy, 0.2% is expected this time from 0.5% on the last report.

More in Great Britain, Index of Services, measure the Gross Value Added (GVA) in the government and private sectors, 0.9% is expected now with no change from the last time.

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

In Switzerland, UBS Consumption Indicator, monthly Index based on 5 financial indicators, 1.91 points is expected like on the previous month.

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

In Australia, Glenn Stevens, Reserve Bank of Australia (RBA) Governor is due to speak in Sydney.

More in Australia, CB Leading Index, monthly merged index based on 7 financial indicators, 0.1% is forecasted that is similar to the previous index.

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

Trade well

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