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Forex Daily Outlook May 24 2013

We end this week with Durable Goods Orders in the US and Ifo Business Climate in Europe as the major events of the day. Here is an outlook on the market-movers awaiting us.

In the US, Durable Goods Orders, value all the manufacturer’s new purchase orders for durable goods, rise up to 1.8% is likely from -6.9% on April. And similar rise is due on the Core Durable Goods Orders  (not including transportation items), up to 0.6% now from -1.5% on the last report.

In Europe, German Information and Forschung (Ifo) Business Climate, Survey to rate the current and expectations business conditions for the next 6 months, rise of 0.2 points is due up to 104.6 points now.

Later in Europe, Jens Weidmann, Deutsche Bundesbank President, is about to speak in Paris.

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

In Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, cacluleats the new BBA-represented banks mortgages that were approved for home purchase, 32.7K is due from 31.2K on the last time.

Read more about the Pound in the  GBP/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