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Forex Daily Outlook February 15 2012

FOMC Meeting Minutes in the US and BOE Inflation Report in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Federal Open Market Committee (FOMC) Meeting Minutes that is scheduled 8 times a year, shows the FOMC’s most recent meeting latest record and provides the influential monetary conditions regarding the interest rates votes.

More in the US, Treasury International Capital (TIC) Long-Term Purchases, value the difference between foreign and US citizens long-term securities purchases over the reported month, rise of 2.5B is anticipated up to 62.3B.

Moreover in the US, Empire State Manufacturing Index, Monthly Manufacturers’ Survey to value the general level of business conditions over the last month, due to rise from 13.5 points on January to 14.7 points this time.

Later in the US, Capacity Utilization Rate, measures the percentage of the available resources that are utilized by manufacturers, mines etc., due to rise up by 0.5% from January up to 78.1% now.

Also on in the US, Crude Oil Inventories, is about to rise up from 0.3M on the last week to 1.7M.

Finally in the US, Industrial Production, value the total inflation-adjusted value change of manufacturers output production, is due to rise from 0.4% up to 0.7%.

In Europe, Flash Gross Domestic Product (GDP), value of all goods and services that are produced by the economy over the last quarter, due to reduce down from 0.1% to -0.3%, and similar decreases is predicted in the French Prelim GDP down by 0.5% to -0.2%, and by 0.8% in the German Prelim GDP to -0.3%.

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

In Great Britain, Bank of England (BOE) Inflation Report provides the bank’s view of monetary conditions and inflation and it is the key factors for future interest rate decisions.

More in Great Britain, Mervyn King, Bank of England (BOE) Governor is about to speak in London.

Later in Great Britain, Claimant Count Change, value the unemployment-related benefits claiming during the last month, rise is due from 1.2k on January up to 3.2K now.

Finally in Great Britain, Unemployment Rate, value by percentage the unemployed that are looking for jobs during the last 3 months, 8.4% is expected with no change from the last report.

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

In Switzerland, ZEW Economic Expectations, no change is expected from the last month survey and -50.1 is due to remain.

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

In Australia, New Motor Vehicle Sales, sign of consumer confidence that expects to remain -2.9% similar to the last month report.

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

In Japan, Bank of Japan (BOJ) Monthly Report shows the BOJ Policy Board members evaluated regarding the he latest interest rate decision.

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