Home Forex Daily Outlook February 12 2013
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Forex Daily Outlook February 12 2013

BOE Inflation Letter in the UK and Mortgage Delinquencies in the US are the main events lined up. Let’s see what awaits us today.

In the US, Mortgage Delinquencies, value in percentage the mortgages which were late for one payment at list by the Mortgage Bankers Association (MBA) over the last quarter, 7.40% is due now similar to the previous report.

Later in the US, Esther George, Federal Reserve Bank of Kansas City President is due to speak in Omaha.

Later on in the US, Federal Budget Balance values the difference between the income and spending by the federal government’s, -4.6B is predicted now from -0.3B on the previous month.

In Canada, Mark Carneyin, Bank of Canada (BOC) Governor is likely to speak in Ottawa.

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

In Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings, the Eurozone’s widest financial decision making body that coordinates financial policies of the 27 member states and affects the Eurozone’s monetary health.

Later in Europe, Mario Draghi, European Central Bank (ECB) President is likely to speak in Madrid.

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

In Great Britain, Bank of England (BOE) Inflation Letter, shows insight on the future of monetary policy, when Consumer Price Index (CPI) changes the BOE Governor write an explaining letter to the Chancellor of the Exchequer.

Later in Great Britain, Consumer Price Index (CPI), value the consumer’s price change of goods and services, 2.8% is likely this month from 2.7% on January. Rise is likely on the Producer Price Index (PPI) from -0.2% on January to 0.8% now. And on the Retail Price Index (RPI) rise of 0.1% is due up to 3.2% this time.

Finally in Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, a diffusion index that is based on property surveyors, no change is likely from the last time.

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

In Switzerland, Consumer Price Index (CPI), value the consumer’s price change of goods and services, -0.3% is calculated now from -0.2% on January.

Later in Switzerland, Chairman Thomas Jordanin, Swiss National Bank (SNB) Governing Board is about to speak in Geneva.

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

In Australia, National Australia Bank (NAB) Business Confidence. Businesses’ Survey to value the current business conditions, 3 points are due now with no change from the last month.

Later in Australia,   Westpac Consumer Sentiment, Survey to rate the past and future financial conditions like employment and climate for major purchases, 0.6% is due now similar to the January report.

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

In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI) value the selling price of all homes, -0.6% is forecasted now similar to the last month.

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

In Japan, Tertiary Industry Activity, value all the services that are purchased by businesses, 0.8% is likely this month from -0.3% on January

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

Trade well

Anat Dror

Anat Dror

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