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Forex Daily Outlook January 23 2013

Crude Oil Inventories in the US and Claimant Count Change in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

World Economic Forum (WEF) Annual Meetings, central bankers, ministers and business leaders from more than 90 countries held an annual meeting in Davos. Open to the press and can create important market volatility.

In the US, Crude Oil Inventories, weekly indicator to measure the commercial barrels of crude oil, -1.0M is likely with no change from the last time.

In Canada, Bank of Canada (BOC) Monetary Policy Report provides the bank’s view of monetary conditions, inflation and interest rate decisions. It is followed by BOC Rate Statement and BOC Press Conference; while on the Overnight Rate no change is likely and 1.00% is due to remain similar to the last months.

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

In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the Bank of England (BOE) MPC’s latest meeting that provides insights on the economic conditions and interest rates decisions, no change is due from the last month.

Later in Great Britain, Claimant Count Change, monthly indicator to measures the people claiming unemployment-related benefits, rise up to 0.3K now from -3.0Kon the last time is expected.

Finally in Great Britain, Unemployment Rate, value the work force by percentage that is unemployed and looking for employment over the last 3 months, 7.8% is due similar to the last report.

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

In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW)Economic Expectations, institutional investors and analysts Monthly Survey to rate the financial outlook for Switzerland over the last 6 months, -15.5 points are due similar to December.

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

In Australia, Consumer Price Index (CPI), value the consumers’ price change of goods and services, 0.4% is likely now from 1.4% on December. Meanwhile on the Trimmed Mean CPI (not including the most volatile 30% of items) 0.7% is calculated now with no change from the last quarter.

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

In Japan, Trade Balance value the difference between imported and exported goods, -0.71T is predicted now from -0.87T on the last month.

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