Forex Daily Outlook April 4 2013

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In the US Fed Chairman Bernanke Speaks and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today.

In the US, Ben Bernanke, Federal Reserve Chairman is due to speak in in Dayton.

Later in the US, Unemployment Claims, value the number of individuals that filed for unemployment insurance; 352K is likely now from the 357K during the past week.

More in the US, Charles Evansin, Federal Reserve Bank of Chicago President is about to speak in Dayton.

Also in the US, Esther Georgein, Federal Reserve Bank of Kansas City President is likely to speak in El Reno.

Finally in the US, Janet Yellenin, Federal Reserve Governor is expected to speak in Washington DC.

In Europe, European Central Bank (ECB) Press Conference, ECB primary method uses to communicate with investors on financial policy covers the factors that affected the recent interest rate and other policy decisions, and provides clues on future monetary policy. Meanwhile on the Minimum Bid Rate 0.75% is likely to remain with no change from the last time.

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

In Great Britain, Monetary Policy Committee (MPC) Rate Statement the MPC primary tool uses to communicate with investors on economic policy, shows the interest rates and other policy outcome, and discusses the economic outlook. While on the Official Bank Rate 0.50% is due with no change from the last time.

Later in Great Britain, Asset Purchase Facility, value the total money the Bank of England (BOE) will create and use to purchase open market assets, 375B is likely to remain similar to the last report.

Finally in Great Britain, Services Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions such employment, new orders, supplier deliveries and inventories, 51.4 points are due from 51.8 on March.

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

In Australia, Building Approvals, an excellent future construction activity gauge to measure the new building approvals issued, rise up to 2.4% is forecasted now from -2.4% on the past month.

Later in Australia, Retail Sales shows the total of sales at the retail level, 0.3% is calculated now from 0.9% on March.

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

In Japan, Monetary Policy Statement, the Bank of Japan (BOJ) primary tool uses to communicate with investors regarding financial policy, decision on interest rates and projects the monetary outlook of future rate decisions, on the Overnight Call Rate no change is likely and 0.10% is expected once more, followed by BOJ Press Conference.

Read more about the yen in the USD/JPY forecast.

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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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