Forex Daily Outlook – August 16 2011

Building Permits in the US and German Prelim GDP in Europe are the main events lined up.  Let’s see what awaits us today.

In the US, Building Permit, main measurement to value the ת Annualized number of new residential construction permits that were issued on the previous month, 0.61M is predicted, similar to 0.62M on the last month,

Later in the US, Housing Starts, number of new domestic constructions that on the passing month started building reduce from 0.63 on the last month to 0.60 this time is expected.

More in the US, Import Prices, the difference between imported and expected price for services and goods, is about to rise by 0.5%.

Also in the US, Industrial Production, value of the total inflation that is produced by manufacturers, a rise from 0.2% to 0.5% is predicted.

Finally in the US, Capacity Utilization Rate, leading indicator to measure the open resources that are used by manufacturers, 77% is now predicted with slight change from the last month.

In Canada, Manufacturing Sales, leading monthly valuation of the manufacturers sales further reduce from -0.8% on the last month to -0.3% this time is expected.

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

In Europe, German Prelim Gross Domestic Product (GDP) the largest measurement of  the economy’s financial activity, is about to reduce from 1.5% on the last report to 0.5%, and the Flash GDP is about to reach 0.3%.

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

In Great Britain, Consumer Price Index (CPI), deference between services and goods prices, a smell rise of 0.1% is expected to 4.3%.

More in Great Britain, Nationwide Consumer Confidence, monthly Survey of around 1,000 consumers to value the coming financial conditions, 51 points are expected with no change from the last time.

Later in Great Britain, Retail Price Index (RPI) measurement to value consumers price of services  and goods, about to remain 5% like on the last month.

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

In Australia, Monetary Policy Meeting Minutes, important record of the Reserve Bank of Australia (RBA) regarding the last meeting, provides insights about the financial conditions for the interest rates.

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

In New Zealand, Producer Price Index (PPI) Input, value of manufacturers raw materials and   goods, reduce is forecasted from 2.2% to 1.2%.

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

Trade well