Home Forex Daily Outlook December 12 2011
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Forex Daily Outlook December 12 2011

We start the week with some interesting events like Federal Budget Balance in the US and BOE Gov King Speech as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Federal Budget Balance, measures the difference between government’s income and expenses over the past month, further reduce is expected from -98.5B on November down to -138.0B now.

In Canada, Mark Carney, Bank of Canada (BOC) Governor is due to speak, in Toronto.

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

In Europe, German Wholesale Price Index (WPI); is due to rise up to 0.2% compeer to November.

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

In Great Britain, Mervyn King, Bank of England (BOE) Governor, is expected to lecture in Newmarket.

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

In Switzerland, Employment Level, quarterly measurement for the employed, expected to rise from 2.77M up to 2.79M now.

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

In Australia, Home Loans, value the new loans granted, reduce is expected from 2.2% on November down to 0.1% now.

More in Australia, Trade Balance, value the difference between exported and imported services & goods over the last month, reduce from 2.56B  on November down to 2.03B is estimated now.

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

In New Zealand, Food Price Index (FPI); is likely to remain 1.3% similar to the past month.

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

In Japan, Tertiary Industry Activity, value the services purchased by trades, likely to rise up from -0.7% on November up to 0.5%.

More in Japan, Corporate Goods Price Index (CGPI); is likely to reduce down to 1.5% this month.

Later in Japan, Household Confidence, expect to be 38.5 similar to the last report.

Finally in Japan, Prelim Machine Tool Orders, 26.0% is likely remain.

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

That’s it for today.

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