Forex Daily Outlook March 14 2012
In the US Fed Chairman Bernanke Speaks and Claimant Count Change in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Ben Bernanke, Federal Reserve Chairman is about to speak in Nashville.
More in the US, Current Account, quarterly measurement to value the difference between imported and exported goods, services and unilateral, further reduce is expected from -110B down to -114B now.
Later in the US, Import Prices, value the imported goods and services price change that were purchased locally over the last month, growth of 0.3% from February is predicted up to 0.6%.
Finally in the US, Crude Oil Inventories, the amount of crude oil barrels in inventory, rise from 0.8M on the last week up to 2.2M this time is forecasted.
In Canada, Capacity Utilization Rate, quarterly report to estimate by percentage the resources that are being utilized by manufacturers, mines, oil extractors and so on, raise of 0.3% is predicted up to 81.6% this month.
More in Canada, New Motor Vehicle Sales, new cars and trucks that were sold locally over the last month, due to rise up from -3.0% on February to 2.1%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Consumer Price Index (CPI), monthly indictor to value the price change of consumers’ goods and service, no change is predicted from the February and 2.7%is likely to stay, as in the Core CPI (without tobacco, energy, food and alcohol) 1.6% is expected with rise of 0.1% from the last month report.
More in Europe, Industrial Production, value of output produced by manufacturers, mines and so on is about to rise up from -1.1% on the last month up to 0.8% now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Claimant Count Change, monthly report to value the number of unemployment benefits’ requests, decrease of 0.4K is forecasted down to 6.5K.
More in Great Britain, Unemployment Rate, the employment actively seeking by percentage over the past 3 months, no change is predicted and likely to remain 8.4% like of February.
Finally in Great Britain, Average Earnings Index, reduce of 1.9% from February is expected.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, Monthly Survey of to rate the economic outlook for Switzerland on the 6-month, -21.2 is predicted.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Housing Starts, measure the new residential constructions that began building on the quarter, raise from -6.8% up to -3.9% is estimated.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Business NZ Manufacturing Index, Monthly manufacturers’ Survey to rate the business conditions such as employment, new orders, supplier deliveries and so on, no change is predicted and 50.5 points is due to remain this month as well.
For more about the kiwi, see the NZD/USD forecast.
In Japan, BOJ Monthly Report, Bank of Japan (BOJ); monthly Report that value the recent monetary and economic developments.
Later in Japan, Revised Industrial Production is due to rise up by 0.1% from February to 2.1%.
Read more about the yen in the USD/JPY forecast.
That’s it for today.
Happy forex trading!
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