Home Forex Daily Outlook January 16 2013
Daily Look

Forex Daily Outlook January 16 2013

CPI  in the US and in Europe is the main event today.   Here is an outlook on the market-movers awaiting us

In the US, Consumer Price Index (CPI), Change in the price of goods and services purchased by consumers, due to rise up by 0.3%. While on the Core CPI (apart from food and energy); 0.2% is likely now from 0.1% on the past month.

Later in the US, Treasury International Capital (TIC) Long-Term Purchases, value the difference between foreign long-term securities purchase by US citizens and foreigners over the last month, 14.8B is due now from 1.3B on December.

Later on in the US, Capacity Utilization Rate is due to rise up by 0.2% to 78.6%.

More in the US, Industrial Production, value of manufacturers output, rise up to 0.2% is due now from 1.1% on the previous time.

Moreover in the US, Crude Oil Inventories, weekly indicator to value the commercial crude oil in inventory, 1.3M is due similar to the last week report.

Finally in the US, Beige Book is due this month.

In Europe, Consumer Price Index (CPI) account for a majority overall inflation and value the price change of goods and services, 2.2% is due to remain this month as well, While on the Core CPI (without food, energy, tobacco and alcohol), rise up to 1.5% from 1.4% on the last month is due.

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

In Switzerland, Retail Sales value all the sales at the retail level (without cars and gas stations), 3.3% is likely now from 2.7% on the previous month.

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

In Australia, New Motor Vehicle Sales, no change is likely now on the new cars and trucks sold domestically.

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

In Japan, Tertiary Industry Activity, the services purchased by businesses 0.1% is likely to remain like on the last report.

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