Forex Daily Outlook April 16 2012

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We start the week with some interesting events like Retail Sales and TIC Long-Term Purchases in the US as the main highlights on today’s outlook. Let’s see what awaits us today.

In the US, Retail Sales, the key consumer spending instrument to value the sales at the retail level is due to reduce from 1.1% on March down to 0.4%, and similar reduce is predicted in the Core Retail Sales (excluding automobiles) from 0.9% on the last month down to 0.6% now.

More in the US, Treasury International Capital (TIC) Long-Term Purchases, value the difference  between foreign long-term securities purchased by foreign & US citizens , reduce of 59.7B from the last month is expected down to 41.3B.

Moreover in the US, Empire State Manufacturing Index, Monthly manufacturer’s Survey to rate the general business conditions in New York State, indicates improving conditions with 18.2 points now from 20.2 points on March.

Later in the US, Sandra Pianalto, Federal Reserve Bank of Cleveland President is due to speak in Lexington.

Later on in the US, Business Inventories, the value of manufacturer’s goods that are held in inventory, 0.7% is likely similar to March’s report.

Finally in the US, National Association of Home Builders (NAHB) Housing Market Index, home builder’s survey to value the present and upcoming single-family home sales, 28 points are forecasted with no change from the last month.

In Canada, Foreign Securities Purchases, value all the domestic stocks and money-market assets that are purchased by foreigners, rise is expected from -4.19B on March up to 7.23B now.

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

In Europe, Trade Balance is about to reduce from 5.9B on March down to 4.3B,

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

In Great Britain, Nationwide Consumer Confidence, Monthly consumer’s Survey value the existing and forthcoming monetary conditions, 42 points are expected this month, 2 points less than on March.

More in Great Britain, Rightmove House Price Index (HPI), the earliest housing inflation report in the UK to value the price change of homes for sale, rise of 1.3% is estimated up to 2.9%.

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

In Switzerland, Producer Price Index (PPI),consumer inflation indicator to measure the manufacturer’s price change of goods and raw materials, reduce of 0.3% is likely from March down to 0.5%,

Read more about the Swiss franc in the USD/CHF forecast.

In New Zealand, Food Price Index (FPI) is due to remain 0.6% like on March.

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

That’s it for today.

Happy forex trading!

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About Author

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

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