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Forex Daily Outlook December 27 2011

For more on the Swiss Franc, read the USD/CHF forecast  

CB Consumer Confidence is the main event lined up.  Let’s see what awaits us today.

In the US, The Conference Board (CB) Consumer Confidence, Financial confidence is a leading indicator of consumer spending Survey to value the consumer spending and rate the total financial situation, due to rise from 56.0 points  on November up to 58.5 points now.

More in the US, Standard & Poor’s (S&P) / Case-Shiller (CS) Composite-20 House Price Index (HPI); housing industry’s indicator to value the homes selling price, rise is predicted from -3.6% on November to -3.2% this time.

Finally in the US, Richmond Manufacturing Index, is about to rise up to 6 points from the last month.

In Switzerland, UBS Consumption Indicator, monthly merged index based on 5 consume financial indicators, 0.91 points are forecasted similar to the previous report.

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

In Japan, Retail Sales, key indicator of consumer spending, decrease from 1.9% on November down to 0.1%.

More in Japan, Prelim Industrial Production, monthly manufacturer’s indicator to measures the output production, about to decrease from 2.2% on November down to -0.7% this time.

Moreover in Japan, Core Consumer Price Index (CPI), that measures the Change in consumer’s price for goods and services (without fresh food) due to rise by 0.1% in Tokyo up to -0.4% and decrease by 0.1% is expected in the National Core CPI.

Later in Japan, Household Spending, Consumer spending indicator that is predicted to further reduce from -0.4% in November down to -1.1% now.

Finally in Japan, Housing Starts, expected to rise by 0.1% to -4.8%.

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