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Forex Daily Outlook April 26 2012

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

In the US, Unemployment Claims, important indicator to value the individuals that have filed for unemployment insurance on the past month for the first time, decreass is predicted from 386K on March down to 378K now.

More in the US, Pending Home Sales, value the homes under contract to be sold and   awaiting the closing transaction (now including new building) rise is likely up to 1.4% , 0.9% less from the last month.

Finally in the US, Natural Gas Storage, is about to remain similar to the last motnh.

in Europe, German Prelim Consumer Price Index (CPI), Monthly measurement to value the consumer’s price change for goods and services, is about to drop down from 0.30% on March to 0.10% now.

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

In Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, housing market demand indicator to value the of, Number of new BBA-represented banks approved mortgages over the previous month, rise is likely from 33.1K on March up to 34.3K now.

Later in Great Britain, Confederation of British Industry (CBI) Realized Sales, consumer spending Monthly Survey to value the   current sales volume; is about to drop down to -3 points from the last time.

Finally in Great Britain, GfK Consumer Confidence, Monthly Survey to rate the past and future financial conditions such as climate for major purchases and overall economic situation;-29 points are likely this time, 2 points less than on March.

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

In Australia, The Conference Board (CB) Leading Index, composite index that is based on 7 financial indicators and about to remain 1.10% similar to March index.

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

In Japan, Household Spending, measures monthly the change in the entire consumer’s expenditures, rise is forecasted up to 3.8% from 2.3% on March.

Later in Japan, Prelim Industrial Production, value the manufacturers, mines, and utilities output, rise is likely from -1.60% on the last month up to 2.40% now.

Later on in Japan, Retail Sales, consumer spending main gauge to show the total value of sales, rise is estimated from 3.40% on March up to 11.50% this month.

More in Japan, Tokyo Core Consumer Price Index (CPI); value the entire consumer’s price change of goods and services in Tokyo, (without fresh food), -0.30% is likely to remain this month, and similar is predicted in the National Core CPI with 0.10% with no change from March.

Moreover in Japan, All Industries Activity, measures the total of businesses’ goods and services, reduce of 1% is likely down to -1%.

Finally in Japan, Unemployment Rate is likely to remain 4.50% like on the previous month.

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