Forex Daily Outlook December 20 2012

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Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, value the unemployment insurance that was filed for the first time on the passing week, 358K is calculated now from 343K on the last report.

Later in the US, Existing Home Sales, value annually the inhabited buildings that were sold (without new construction), 4.85M is expected now from 4.79M on November.

Later on in the US, Philly Fed Manufacturing Index, Manufacturers’ Survey to value general business conditions, -2.7 is due from -10.7 on the past month.

Finally in the US, Final Gross Domestic Product (GDP), annual calculation for all goods and services produced by the economy, rise of 0.1% is expected up to 2.8% from the last time.

In Canada, Retail Sales, measures all the sales at the retail level, 0.1% is due similar to the last month. While on the Core Retail Sales (not including cars) rise up to 0.2% is likely now.

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

In Europe, German Producer Price Index (PPI), manufacturers price change of sold goods, reduce down to -0.1% is predicted now.

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

In Great Britain, Retail Sales, sales at the retail level are expected to rise up to 0.3% from -0.8% on November.

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

In Switzerland, Trade Balance, value the difference in between imported and exported goods, 2.17B is due now from 2.82B on November.

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

In New Zealand, ANZ Business Confidence, Monthly Survey to calculate the economic outlook on the past 12 months, 26.4 is due now similar to the last report.

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

In Japan, Monetary Policy Statement, primary tools that the Bank of Japan (BOJ) uses to communicate with investors regarding monetary policy and outcome of future rate decisions. Follows by BOJ Press Conference and now change is likely on the Rate 0.10% Overnight Call Rate 0.10%.

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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