Forex Daily Outlook April 13 2012
Daily Look

Forex Daily Outlook April 13 2012

We summarize this week In the US Fed Chairman Bernanke Speaks and PPI Input in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Ben Bernanke, Federal Reserve Chairman is about to speak in New York.

More in the US, Consumer Price Index (CPI), value the consumer’s price change of goods and services, reduce of 0.2% is likely down to 0.2%, while on the Core CPI (not including food and energy) rise of 0.1% is forecasted up to 0.2%.

Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Monthly Survey to rate the present and upcoming financial conditions, rise of 0.3 points is predicted up to76.5 points.

Later on in the US, Monthly Survey to value the consumers expect price change (by percentage) of goods and services on the next 12 months, 3.9% is predicted similar to the last time.

Finally in the US, William Dudley, Federal Reserve Bank of New York President is due to speak in Buffalo.

In Europe, German Final Consumer Price Index (CPI), 0.3% is predicted with no change from the last month.

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

in Great Britain, Producer Price Index (PPI) Input, value the manufacturer’s price change of goods and raw materials, reduce from 2.1% on March down to 1.3% is estimated.

Later in Great Britain, PPI Output expects to drop down by 0.1% to 0.5% from March.

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

In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI), value the selling price of all homes 0.8% is predicted similar to March’s report.

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

That’s it for today.

For more events later in the week, check out the Live Forex Calendar

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