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Forex Daily Outlook November 13 2012

CPI  in the UK and ZEW Economic Sentiment in Europe are the main events lined up.  Let’s see what awaits us today.

In the US, Federal Budget Balance, value the difference between the income and spending of the federal government on the past month, -126.2B is due now from 75.0B on October.

In Canada, Manufacturing Sales, the total value of manufacturers’ sales, 0.3% is likely now from 1.5% on the last month.

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

In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Survey to rate the last 6 month financial outlook for the Eurozone, rise up to 0.2 points is predicted from -1.4 points on the last time. Meanwhile on the German ZEW Economic Sentiment -9.9 points are calculated now from -11.5 on the last time.

Later in Europe, French Prelim Non-Farm Payrolls, the number of employed people (apart from government  and the farming industry), further drop down to -0.2% is predicted from -0.1% on October.

Finally in Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings, usually held in Brussels by the ECOFIN decision making body of the 27 member states to discuss the Eurozone’s economic health.

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

In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, it is a housing inflation leading indicator that is because on survey, -15% is due similar to the last report on October.

Later in Great Britain, Consumer Price Index (CPI); the consumers’ price change of goods and services, due to rise by 0.1% up to 2.3% now. Similar rise is expected on the Retail Price Index (RPI) up to 2.9% now from 2.6% on the last month

Later on in Great Britain, Producer Price Index (PPI), shows the manufacturers’ price change of goods and raw materials, -0.4% is likely now from -0.2% on October.

Finally in Great Britain, BOE Inflation Letter gives insight into the future of monetary policy.

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

In Australia, NAB Business Confidence, it is a Monthly Survey of to value the level of current business conditions.

Later in Australia,   Westpac Consumer Sentiment, Survey to rate the past and future financial conditions, such as employment and climate for major purchases, 1% is due now with no change from the last time.

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

In New Zealand, Retail Sales, value all the sales at the retail level, 0.4% is due now from 1.3% on October. And similar reduce is due on the Core Retail Sales (excluding cars and gas stations) with 0.6% now from 0.9% on the last month.

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