Forex Daily Outlook August 6 2012

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We began the week with Ben Bernanke that is about to speak in the UK as the main highlight on today’s outlook. Let’s see what awaits us today.

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

In Europe, Sentix Investor Confidence, Survey to value the 6-month financial outlook for the Eurozone, indicates pessimism with a further reduce of 1.1 points from July down to -30.7

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

In Great Britain, Halifax House Price Index (HPI), value the price change of homes that are financed by Halifax Bank of Scotland (HBOS), reduce is likely down from 1.0% on July to -0.4% now.

Later in Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, measures the same-store sales at the retail level.

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

In Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, value the major daily newspapers and websites of jobs advertised in the capital cities, -1.2% is due similar to the last report.

Later in Australia, Melbourne Institute (MI) Inflation Gauge, the consumer’s price changes for goods and services, due to remain -0.2% similar to July’s report.

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

In New Zealand, Labor Cost Index, value the price change of the businesses payment for labor (now including overtime), rise of 0.1 is likely up to 0.6% from the last quarter.

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

InJapan, JPY, Leading Indicators, index based on 11 financial indicators is due to reduce from 95.2% on July down to 93.0%.

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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