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Forex Daily Outlook April 20 2012

We summarize this week Retail Sales and Ifo Business Climate in Europe are the major events this day. Here is an outlook on the market-movers awaiting us.

Group of Twenty (G20) Meetings (Day 2), influents the worldwide policy-making form that is operating at the highest level, and can impact the currency markets.

International Monetary Fund (IMF) Meetings (Day 1), IMF representatives and the World Bank attends twice a year to for comments and statement that can create market volatility.

In Canada, Consumer Price Index (CPI), monthly indicator to value the consumer’s goods and services price change rise of 0.1% is predicted up to 0.5%, while on the Core CPI (apart from the 8 most volatile items) reduce of 0.1% is expected down to 0.3%.

More in Canada, Leading Index is about to drop down by 0.2% from March to 0.4% this time.

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

In Europe, German Information and Forschung (Ifo) Business Climate, Monthly Survey to rate the recent business conditions and outlooks for the next 6 months, rise of 0.2 points is likely up to 109.6 points.

Later in Europe, German  Producer Price Index (PPI), manufacturer’s price change for goods, rise of 0.1% is likely up to 0.5% this month.

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

In Great Britain, Retail Sales, the total value of all the inflation-adjusted sales, rise is expected from -0.8% on March up to 0.4% now.

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

In Australia, Import Prices, Change in the price of goods purchased by importers due to reduce by 2.5% from the last quarter.

For more on the Aussie, read the  AUD/USD 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