Forex Daily Outlook December 22 2011

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

In the US, Unemployment Claim, weekly report to measure who filed for the first time for unemployment cover, is due to rise by 10K from 366K up to 376K

Later in the US, Revised University of Michigan (UoM) Consumer Sentiment, Monthly consumer’s Survey to rate present and upcoming financial conditions is due to rise by 0.4 points from November up to 68.1. While the Revised UoM Inflation Expectations (consumer’s expect prices by percentage) is due to remain 3.1%.

Later on in the US, The Conference Board (CB) Leading Index, decrease is expected from 0.9% on November down to 0.3% this time.

Also in the US, Office of Federal Housing Enterprise Oversight (OFHEO) House Price Index (HPI), reduce is predicted from .9% on November down to 0.3% this time.

Finally in the US, Natural Gas Storage, -102B is forecasted with no change from the last monthly report on November.

In Great Britain, Current Account, quarterly measurement to value the difference between imported and exported goods, services, etc., further reduce from is predicted now from -2.0B down to -5.6B .

More in Great Britain, Final Gross Domestic Product (GDP),quarterly largest measure of financial activity, 0.5% is predicted with no change from the previous report.

Finally in Great Britain, Revised Business Investment, is about to rise by 0.1% to -1.3% from the last quarter.

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

In Japan, BOJ Monthly Report shows the latest interest rate decisions

More in Japan, Masaaki Shirakawa, Bank of Japan (BOJ) Governor is about to deliver a speech in Tokyo.

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

That’s it for today.

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