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Forex Daily Outlook May 28 2012

We began the week with MPC Member Broadbent Speaks in the UK and RBA Gov Stevens Speaks in Australia as the main highlights on today’s outlook. Let’s see what awaits us today.

In Great Britain, Ben Broadbent, External Bank of England (BOE) Monetary Policy Committee (MPC) Member, is due to speak in London.

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

In Australia, Glenn Stevens, Reserve Bank of Australia (RBA) Governor, is about to speak in Sydney.

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

In Japan, Monetary Policy Meeting Minutes, Bank of Japan (BOJ) Policy Board’s meeting, that shows the insights of the economic conditions that influenced interest rates decisions.

Later in Japan, Retail Sales, consumer spending  main gauge that is due to reduce from 10.3% on April down to 6.2%.

Later on in Japan, Household Spending, value all expenditures by consumers is about to reduce from 3.4% on April down to 2.5% now.

More in Japan, Unemployment Rate no change is predicated this month and 40.5% is about to remain.

Finally in Japan, Corporate Services Price Index (CSPI); is likely to move up from -0.3% on April to -0.1% this time.

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

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