Home Forex Daily Outlook January 16 2012
Daily Look

Forex Daily Outlook January 16 2012

We start the week with some interesting events like ECB President Draghi Speaks in Europe and Home Loans in Australia as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Elizabeth Duke, Federal Reserve Governor is due to speak in Virginia.

In Canada, New Motor Vehicle Sales, a mark of buyer confidence and value the sold new cars and trucks on the last month domestically, due to reduce from 3.3% on December down to 2.1% now.

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

In Europe, Mario Draghi, European Central Bank (ECB) President, is about to lecture in Strasbourg.

More in Europe, German Wholesale Price Index (WPI); important consumer inflation indicator, that rate the goods sold by wholesalers prices over the previous month,   is due to drop down from 0.7% on December down to 0.3% now.

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

In Great Britain, Rightmove House Price Index (HPI), rate the homes for sale price change, is due to stay -2.7% like on the last report.

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

In Switzerland, Producer Price Index (PPI), manufacturer’s raw materials price change on the last month, rise from -0.8% on December up to -0.4% this time is estimated.

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

In Australia, Home Loans, top indicator of housing market demand and value the new loans granted on the last month, 1.1% is calculated from 0.7% on December.

More in Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, measures jobs advertised change on the major daily media, no change is expected from December.

Finally in Australia, Melbourne Institute (MI) Inflation Gauge is expected to remain -0.1%.

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

In New Zealand, New Zealand Institute of Economic Research (NZIER) Business Confidence, Survey to value the monetary outlook over the last 6 months about to show optimism with 25 points.

More in New Zealand, Food Price Index (FPI) is due to remain 0.2%.

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

In Japan, Tertiary Industry Activity, measures the all businesses services, about to reduce from 0.6% on December down to -0.3% this month.

 More in Japan, Core Machinery Orders, value the private-sector purchase orders on the last month, due to rise from -6.9% on December up to 5.7% this time.

Later in Japan, Household Confidence, consumer spending monthly survey that is due to rise from 38.1 points up to 38.9 points.

Finally in Japan, Corporate Goods Price Index (CGPI); is due to reduce from 1.7% on the last month down to 1.3% now.

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

That’s it for today.

Happy forex trading!

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