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Forex Daily Outlook July 16 2013

CPI  in the US and Claimant Count Change in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Consumer Price Index (CPI) value the consumers` price change in the price of goods and services, rise of 0.2% is due now up to 0.3%. While on the Core CPI (without food and energy), 0.2% is likely to remain with no change from June.

Later in the US, Industrial Production, measures the output that is produced by manufacturers, mines, and utilities, 0.3% is due now.

More in the US, Treasury International Capital (TIC) Long-Term Purchases, shows the difference between securities that is purchased by foreign versus US citizens, rise up to 14.3B is expected now from -37.3B on June.

Moreover in the US, Capacity Utilization Rate, consumer inflation indicator to vale by percentage the available resources being utilized by manufacturers, mines, and utilities, 77.9% is calculated now similar to 77.6% on the last month.

Also in the US, Esther George, Federal Reserve Bank of Kansas City President is due to speak.

Finally in the US, National Association of Home Builders (NAHB) Housing Market Index, 51 points is due now from 52 points on the last time

In Canada, Manufacturing Sales, value the total manufacturers sales, rise up to 1.1% is forecasted from -2.4% on the previous report.

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

In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Institutional Investors and Analysts Monthly Survey to rate the economic outlook for the Eurozone on the past 6-month, 31.8 points are due from 30.6 on the last time. While on the German ZEW Economic Sentiment 39.9 points are calculated now from 38.5 points on June.

Later in Europe, Consumer Price Index (CPI), value the consumers’ price change of goods and services, 1.6% is due to remain with no change. And similar is due on the Core CPI (without food, energy, alcohol, and tobacco), 1.2% like on June.

Finally in Europe, Trade Balance, 15.8B is likely now from 16.1B on June.

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

In Great Britain, Monetary Policy Committee (MPC)) Official Bank Rate Votes, The Bank of England (BOE) MPC meeting minutes offers the interest rate vote for each MPC member during the most recent meeting. Followed by MPC Asset Purchase Facility Votes

Later in Great Britain, Claimant Count Change, shows the number of people claiming unemployment benefits on the past month, -7.9K is due from -8.6K on June. And on the Unemployment Rate 7.8% is due to remain similar to the last time.

Later on in Great Britain, Consumer Price Index (CPI), 3.0% is likely from 2.7% on the last time. And on the Core CPI (not including the volatile food, energy, alcohol, and tobacco items), 2.3% is predicted now from 2.2% on the last month.

More in Great Britain, Producer Price Index (PPI) Input with -0.1% is calculated now from -0.3% on June. While on the PPI Output 0.1% is due now.

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

Also in Great Britain, Retail Price Index (RPI), 3.4% is due now from 3.1%. And House Price Index (HPI) rise up to House Price Index (HPI) is due now.

Finally in Great Britain, Average Earnings Index shows the businesses price change for government labor payment, rise up to 1.4% from 1.3% is likely.

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

In Australia, Melbourne Institute (MI) Leading Index, 0.6% is lily with no change from June.

In Japan, Monetary Policy Meeting Minutes, detailed record of the Bank of Japan (BOJ Policy Board’s meeting that provides insights on the financial conditions and decision on interest rates.

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