Forex Daily Outlook December 29 2011


Unemployment Claims in the US and M3 Money Supply in Europe are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly report for the new unemployment insurance, due to rise from 364K up to 372K.

More in the US, Pending Home Sales, measures the households that are intended to be sold before closing transaction (not including new construction), reduce is expected from 10.4% on November down to 1.7% now,

Later in the US, Chicago Purchasing Managers’ Index (PMI), Monthly Survey to rate the production, new orders, inventories etc., is predicted to drop down from 62.6 on the last month to 60.4.

Also in the US, Crude Oil Inventories, impacts on the price of petroleum products and the inflation, forecasted to rise up to -2.9M from -10.6M on the last month.

Finally in the US, in the Natural Gas Storage -100B is forecasted with no change from the last week.

In Europe, German Prelim Consumer Price Index (CPI), consumer’s price change of goods and services, due to rise up to 0.8% from the last month.

More in Europe, M3 Money Supply, monthly report to value the bank’s circulation and deposited domestic currency, is about to reduce by 0.1% down to 2.5% now.

Finally in Europe, Private Loans, 2.7% is forecasted with no change from the previous month.

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

In Japan, Manufacturing Purchasing Managers’ Index (PMI); now change is expected from the last month survey and 49.1 points is predicted.

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

That’s it for today.

For more events later in the week, check out the Live Forex Calendar

Get the 5 most predictable currency pairs

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

1 Comment

  1. goodday

    pls is it possible for the ECB or the FEDS to put a barrier at 1.2900 for eurusd what will be the concequences if the do
    thank you