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Forex Daily Outlook July 24 2013

New Home Sales in the US and Flash Manufacturing PMI on Europe are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, New Home Sales measures the yearly new homes that were sold on the last month, rise from 476K on June up to 482K now is due.

Later in the US, Crude Oil Inventories, weekly indicator to value the commercial barrels of crude oil in inventory, -6.9M is forecasted now similar to the last time.

Finally in the US, Flash Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey to value the business conditions such as employment, new orders, and supplier deliveries, rise from 51.9 points on June up to 52.5 points is predicted now.

In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, and supplier deliveries, rise up to 49.1 points is likely from 48.8 points on the last month. And on the Flash Services PMI similar rise is due up to 48.9 points from 48.3 points on the last month.

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

In Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, Manufacturers` Survey to show the order volume that is expected during the next 3 months, -12 points is likely now from -18 on the last time.

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

In New Zealand, RBNZ Rate Statement, RBNZ`s primary tool uses to communicate with investors on economic policy and discusses the financial outlook future decisions. While on the Official Cash Rate no change is due from the last months and 2.50% is calculated now.

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

In Japan, Corporate Services Price Index (CSPI), is likely now with rise from 0.3%   on June up to 0.7%.

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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