Home Forex Daily Outlook March 29 2012
Daily Look

Forex Daily Outlook March 29 2012

Unemployment Claims in the US and GfK Consumer Confidence in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, The individuals that filed for unemployment insurance over the past week for the first time, due to rise up from 348K to 351K this week.

More in the US, Ben Bernanke, Federal Reserve Chairman is due to speak in Washington DC.

Later in the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President is about to speak in Atlanta.

Later on in the US, Jeffrey Lacker, Federal Reserve Bank of Richmond President is expected to speak in Charlotte

Finally in the US, Final Gross Domestic Product (GDP), the primary economic activity’ measure and the economy’s health key indicator, to value all economy production of goods and services,   no change is predicted from the last quarterly and 3.0% is due to remain.

In Canada, Annual Budget Release, value the level of spending and borrowing by the local government and can impact the economy.

More in Canada, Raw Materials Price Index (RMPI), consumer inflation important indicator to value the price change of manufacturers’ raw materials, rise is forecasted from 0.1% on February up to 0.4% now.

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

In Europe, German Unemployment Change, value the unemployed people on the previous month, reduce of 10K us predicted down to -10K from the last month report.

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

In Great Britain, Nationwide House Price Index (HPI); housing industry’s indicator to measure the   selling price of households with mortgages supported by Nationwid, reduce is of 0.3% is predicted down to 0.6% this month.

More in Great Britain, Paul Fisher, Bank of England (BOE) Executive Director is about to speak in London.

Moreover inGreat Britain, Bank of England (BOE) Credit Conditions Survey, bank and non-bank quarterly Survey to rate the credit conditions over the past and next 3 months.

Later inGreat Britain, Net Lending to Individuals, value the change in the new consumer’s credit that were issued, reduce is expected from 1.8B on February down to 1.5B this time.

Finally in Great Britain, GfK Consumer Confidence, Consumers Monthly Survey to rate the past and future economic conditions such as personal and overall financial situations, -29 points is predicted similar to the last report.

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

In New Zealand, NBNZ Business Confidence, Monthly Survey to rate the relative 12-month financial outlook, 28 points are expected to remain like on the last time.

More in New Zealand, Building Consents,   value the number of new building approvals that were issued on the last month, 8.3% is due to remain.

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

In Japan, Household Spending, measures the inflation-adjusted of all consumers’ expenditures, rise is forecasted by 2% up to -0.3%.

More in Japan, Tokyo Core Consumer Price Index (CPI), price change of consumers’ goods and services in Tokyo (without fresh food), -0.3% is due to remain this month with no change from the last report.

Finally in Japan, Prelim Industrial Production, value the output produced by manufacturers, mines, and utilities over the last month, reduce is predicted by 0.5% down to 1.4%.

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