Forex Daily Outlook April 19 2012

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Existing Home Sales and Philly Fed Manufacturing Index in the US are the major market-movers. Let see what awaits us today.

Group of Twenty (G20) Meetings (Day 1), influents the worldwide policy-making form that is operating at the highest level, and can impact the currency markets.

In the US, Unemployment Claims, weekly measure for unemployment insurance that was filed on the first time over the past week, reduce of 10K is predicted down to 370K now.

More in the US, Existing Home Sales, the sold inhabited building on the previous month (without new building), is about to rise up from 4.59M on March to 4.62M this time.

Later in the US, Philly Fed Manufacturing Index, Manufacturer’s Survey to rate the general business conditions; is due to be 12.1 points similar to the last month.

Also in the US, Natural Gas Storage, is about to rise from 8B on the last week up to 10B now.

Finally in the US, The Conference Board (CB) Leading Index, is about to reduce by 0.5% down to 0.2% now.

In Europe, Consumer Confidence is due to remain -19 points like on March.

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

In Great Britain, Adam Posen, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is due to speak in Edinburgh.

More in Great Britain, Nationwide Consumer Confidence, Survey to value the financial conditions existing and upcoming, due to reduce down to 42 points, 2 points less than on March.

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

In Australia, National Australia Bank (NAB) Quarterly Business Confidence, Survey to value the business conditions, improving conditions are forecasted with 1 point.

For more on the Aussie, read the AUD/USD forecast.

In Japan, Tertiary Industry Activity, Change in the total value of services purchased by businesses is about to rise up from -1.7% on March up to 0.8% now.

Read more about the yen in the USD/JPY 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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