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Forex Daily Outlook May 14 2012

We began the week with SNB Chairman Jordan Speaks in Switzerland as the main highlight on today’s outlook. Let’s see what awaits us today.

In Europe, Industrial Production, monthly indicator to value the total manufacturers, mines, and utilities output, due to reduce from 0.8% on April down to 0.5% now.

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

In Switzerland, Thomas Jordan, Swiss National Bank (SNB) Governing Board Chairman, is due to speak in Zurich.

Later in Switzerland, Producer Price Index (PPI), consumer inflation important indicator to measure the of manufacturers price change for goods and raw materials, rise of 0.1% is predicted up to 0.4% now.

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

In Australia, Philip Lowe, Reserve Bank of Australia (RBA) Deputy Governor, expected to speak in Melbourne.

Later in Australia, Home Loans, value the new loans that were granted for homes this month, -1.7% is predicted now. 0.8% rise from April.

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

In New Zealand, Retail Sales, monthly indicator to value the sales at the retail level, due to reduce from 2.2% on April down to -0.4%, and similar in the Core Retail Sales (excluding automobiles and gas stations0 is predicted from 2.9% down to 0.3% now.

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

In Japan, Corporate Goods Price Index (CGPI), the predicted corporation’s price change for goods sold. Is about to reduce from 0.6% on April down to -0.2% now.

Later in Japan, Prelim Machine Tool Orders 2.4% is expected with no change from the last month.

Read more about the yen in the USD/JPY forecast.

Trade well

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