Home Forex Daily Outlook February 26 2013
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Forex Daily Outlook February 26 2013

In the US Fed Chairman Bernanke Testifies and Inflation Report Hearings in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Ben Bernanke, Federal Reserve Chairman, is due to testify in Washington DC.

Later in the US, New Home Sales, value the new private homes that were sold on the last month, rise up to 381K is likely from 369K on January.

Later on in the US, The Conference Board (CB) Consumer Confidence, Monthly Survey to rate the present and coming financial conditions such as labor availability and overall financial situation, rise up to 60.8 points is likely from 58.6 points on the last report.

Finally in the US, Standard & Poor’s (S&P) / Case-Shiller (CS) Composite-20 House Price Index (HPI), shows the selling price change of privet homes in 20 metropolitan areas, rise up to 6.7% is forecasted from 5.5% on January.

In Great Britain, Inflation Report Hearings Bank of England (BOE) Monetary Policy Committee (MPC), members vote regarding the nation’s key interest rates and future monetary policy.

Later in Great Britain, Mervyn King, Bank of England (BOE) Governor is due to speak in Tokyo.

More in Great Britain, Paul Fisher, Bank of England (BOE) Executive Director, is about to speak in London.

Finally in Great Britain, Confederation of British Industry (CBI) Realized Sales, consumer spending survey to rate the current sales volume, drop down of 1 point from January to 16 points is calculated now.

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

In Switzerland, Employment Level, value the employed people on the last quarter, 4.11M is due now from 4.12M on the previous report.

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

In New Zealand, Inflation Expectations, consumers quarterly survey to forecast the expect prices to be in 24 months, 2.3% is likely similar to the last time.

Later in New Zealand, Trade Balance value the difference between imported and exported goods, 110M is predicted now from 486M on January.

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

In Japan, Retail Sales, value all the sales at the retail level, drop down to -1.4% is due now from 0.3% 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