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Forex Daily Outlook August 13 2012

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

In Europe, German Wholesale Price Index (WPI), vale the wholesaler’s price change of goods, rise from -1.1% on the last month up to 0.3% is expected.

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

In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, index that is based on survey, -23% is likely now from -22% on July.

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

In New Zealand, Retail Sales, it measures all the sales at the retail level, rise up to 0.7% is due from -2.5% on the last Quarter and the Core Retail Sales (without autos and gas stations) is about to rise up to 1% now from -2.5% on the last report.

Later in New Zealand Food Price Index (FPI), value the household’s price change of food and services, is likely to remain 1.4% similar to the last report..

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

In Japan, Prelim Gross Domestic Product (GDP); the widest measure of financial activity to value all goods and services that were produced by the economy on the last quarter, reduce down to 0.6% is due this time from 1.2% on the last report. And Prelim GDP Price Index, rise is about to be from -1.3% up to -0.8% now.

Later in Japan, Monetary Policy Meeting Minutes, the BOJ Policy Board’s meeting that provides insights regarding the financial conditions and decision interest rates.

Finally in Japan, Tertiary Industry Activity, the businesses’ total value of services, is likely to reduce this month from 0.7% on July down to -0.3%.

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