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Forex Daily Outlook July 12 2013

We end this week with PPI  in the US as the major event of the day. Here is an outlook on the market-movers awaiting us.

In the US, Prelim University of Michigan (UoM)) Consumer Sentiment, Monthly Survey to rate the current and future financial conditions, rise up to 85.3 points is likely from 84.1 on June. While on the Prelim UoM Inflation Expectations reduce of 0.1% is likely down to 3.1%.

Later in the US, Producer Price Index (PPI), important consumer inflation indicator to value the producer’s price change of finished goods and services, 0.5% is due now similar to the last month, Meanwhile on the Core PPI (without food and energy) rise up of 0.1% up to 0.2% is predicted now.

Finally on in the US, James Bullard, Federal Reserve Bank of St. Louis President is about to participate in a press conference in Jackson Hole.

In Europe, Industrial Production, value the total output produced by manufacturers, mines, and utilities, -0.2% is calculated now from 0.4% on June.

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

In Great Britain, The Conference Board (CB) Leading Index, a composite index that is based on 7 financial indicators, 0.2% is likely to remain with no change from 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