Forex Daily Outlook August 13 2013

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Retail Sales in the US and are CPI in the UK the main events lined up.  Let’s see what awaits us today.

In the US, Retail Sales value all the sales at the retail level; drop down to 0.2% now is due from 0.4% on the last month. And rise up to 0.4% is likely on the Core Retail Sales (not including excluding autos).

Later in the US, Business Inventories, monthly measurement for the total value of manufacturers, wholesalers, and retailers’ goods that are held in inventory, rise up to 0.3% from 0.1% is expected now.

Finally in the US, Import Prices, shows the price change the imported goods and services that were domestically parched, rise up to 0.9% from -0.2% on July is forecasted now.

In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, monthly Investors and Analysts Survey to rate the 6-month economic outlook for the Eurozone, 37.4 points are due from 32.8 points on July, and similar rise is due on the German ZEW Economic Sentiment up to 40.3 points from 36.3 points now.

Later in Europe,  Prelim Gross Domestic Product (GDP), value all goods and services produced by the economy, rise or 0.5% up to 0.6% is due on the German Prelim GDP, and rise from -0.2% up to 0.1% is due on the French Prelim GDP.

More in Europe, French Prelim Non-Farm Payrolls, quarterly measure to value the employed people (not including the farming industry and government), rise of 0.1% is due now.

Finally in Europe, Industrial Production, the total value of manufacturers, mines, and utilities’ output, rise from -0.3% on July up to 1.1% now is predicted.

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

In Great Britain, Consumer Price Index (CPI), the consumers’ price change of goods and services, 2.8% is due now from 2.9% on July. While on the Producer Price Index (PPI), rise up to 1.2% from 0.2% is likely. And on the Retail Price Index (RPI), 3.1% is calculated now from 3.3% on the last time.

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

In Switzerland, Producer Price Index (PPI); the price change of manufacturers’ goods and raw materials, rise up to 0.4% is due from 0.1% on the last month.

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

In Australia, Westpac Consumer Sentiment, Monthly Economic Conditions Survey to rate the level of employment, and climate for major purchases consumers, -0.1% is likely similar to the last time.

Later in Australia, Wage Price Index, the price change for the labor payment from businesses and the government (not including bonuses), rise of 0.1% up is likely to 0.8% from the last quarter.

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

In New Zealand, Retail Sales primary consumer spending indictor to value all the sales on the retail level, 1.4% is due from 0.5% on the last quarter. And on the Core Retail Sales (without cars and gas stations), 1.3% is likely now from 0.6% on the last time.

For more about the kiwi, see the NZD/USD 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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