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Forex Daily Forecast July 16 2012 – retail sales

We began the week with Retail Sales in the US and CPI in New Zealand as the main highlights on today’s outlook. Let’s see what awaits us today.

In the US, Retail Sales estimate all the sales at the retail level, rise is likely from -0.2% on June up to 0.1%, and in the Core Retail Sales (not including cars) is about to rise up from -0.4% on June up to 0.1% now.

Later in the US, Empire State Manufacturing Index, Manufacturer’s Monthly Survey to rate the general New York business conditions, due to rise up from 2.3 points on June up to 3.9 points this time.

Finally in the US, Business Inventories, all the goods that are held in inventory by manufacturers, retailers and wholesalers, is about to decreases by 0.2% on June down to 0.2%.

In Canada, Foreign Securities Purchases, value all the domestic stocks, bonds that are purchased by foreigners, due to rise from 10.20B on the last month up to 13.51B this time.

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

In Europe, Consumer Price Index (CPI), measures the consumer’s price change for goods and services, no change is predicted and 2.4% is likely to remain. And on the Core CPI (without food, energy, alcohol, and tobacco), 1.6% is predicted similar to the last month

Later in EUR, Trade Balance, value the difference between imported and exported goods and services, 4.8B is expected this time from 6.2B on June.

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

In Great Britain, Rightmove House Price Index (HPI), value the asking change price of homes for sale, no change is likely from the last month and 1% is due to remain.

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

In Switzerland, Industrial Production, manufacturers, mines, and utilities total inflation-adjusted change output value, is due to drop down from 8.8% on the last quarter to -7.5% now.

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

In New Zealand, Consumer Price Index (CPI), consumer’s price change of goods and services, 0.5% is likely with no change from the last quarter.

For more about the kiwi, see the NZD/USD 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