Home Forex Daily Outlook June 20 2012
Daily Look

Forex Daily Outlook June 20 2012

FOMC Statement in the US and MPC Meeting Minutes in the US are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Federal Open Market Committee (FOMC) Statement, the main tool used by the FOMC to communicate with investors regarding monetary policy, and discusses the financial outlook on the outcome of future votes. It is usually followed by FOMC Economic Projections and FOMC Press Conference. While on the Federal Funds Rate no change is likely and 0.25% is due to remain.

Later in the US,   Crude Oil Inventories, weekly indicator to value the commercial firms crude oil barrels that are held in inventory, rise of 0.1M is expected from -0.2M to -1.0M now

In Europe, German Producer Price Index (PPI), consumer inflation leading indicator to value the   manufacturer’s price change for goods, is about to reduce from 0.2% on May down to -0.1% this month.

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

In Great Britain, Claimant Count Change, calculate the number of people that are claiming for unemployment benefits on the past month, rise is likely from-13.7K on May to -3.1K now.

Later in Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the BOE MPC’s most recent meeting providing insights into the monetary conditions regarding the interest rates and the outcome of future votes.

Finally in Great Britain, Unemployment Rate, value the unemployed total work force by percentage that are looking for jobs over the past 3 months, 8.2% is likely to remain similar to the last month report.

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

In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, institutional investor’s Monthly Survey to rate the 6 month financial outlook for Switzerland, no change from the last month is estimated and -4 points is about to remain.

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

In Australia, Melbourne Institute (MI) Leading Index, measurs the composite index that is based on 9 financial indicators, no change is likely from the last time ad 0.4% is about to remain.

Later in Australia, The Conference Board (CB) Leading Index, Value the composite index that is based on 7 monetary indicators; is due to remain 0.2% similar to the last month report.

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


In New Zealand, Gross Domestic Product (GDP), the widest measure of economic activity and the main gauge of the economy’s health, due to rise by 0.2% up to 0.5% from the last quarter

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

In Japan, Masaaki Shirakawa, Bank of Japan (BOJ Governor, is about to speak in Tokyo.

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