Forex Daily Outlook February 19 2013

1

ZEW Economic Sentiment in Europe and Monetary Policy Meeting Minutes in Australia are the main events lined up.  Let’s see what awaits us today.

In the US, National Association of Home Builders (NAHB)Housing Market Index, Survey to value the current and future home sales, negative outlook of 48 points are due now from 47 points on the last report.

In Canada, Wholesale Sales consumer spending indicator to value the change of sales at the wholesale level, 0.4% is due now from 0.7% on January.

Later in Canada, Foreign Securities Purchases monthly measurement for all the domestic stocks, bonds, and money assets that were purchased by foreigners on the last month, rise up to 7.21B is predicted now from 5.62B on the past month.

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

In Europe, ZEW Economic Sentiment, Survey to rate the Eurozone economic outlook over the past 6 month, rise up to 35.5 points from 31.2on January is likely, And similar rise is due on the German ZEW Economic Sentiment up to 35.3 from 31.5 on the past report.

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

In Australia, Monetary Policy Meeting Minutes it is scheduled 11 times a year, provides the Reserve Bank of Australia (RBA) Board’s latest meeting record and influenced the interest rates decisions.

Later in Australia, The Conference Board (CB) Leading Index, a composite index that is based on 7 financial indicators, -0.2% is expected now similar to the last month report.

Finally in Australia, Melbourne Institute (MI) Leading Index is likely to remain 0.6% with no change from the last time.

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

In New Zealand, Producer Price Index (PPI) Input, show the manufacturer’s price change of goods and raw materials, -1.0% is likely now similar to the previous month. And on the PPI Output no change is predicted and -0.9% is due to remain.

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

In Japan, Trade Balance value the difference between imported and exported goods, -0.59T is calculated now from -0.80T on the last reported month.

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

Trade well

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. Pingback: Forex Daily Outlook February 19 0 2013 | Forex Crunch | Merolog Web Host