Forex Daily Outlook February 21 2013

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Unemployment Claims in the US and Flash Manufacturing PMI in Europe are the major market-movers. Let see what awaits us today.

In the US, Consumer Price Index (CPI), value the consumer’s price change of goods and services, rise or 0.1% is likely now up to 0.1% from January. Similar rise is due on the Core CPI (apart from food and energy) up to 0.2% now from 0.1% on the last report.

Later in the US, Unemployment Claims, weekly indicator of the individuals that filed for unemployment insurance for the first time, rise up to 353K is forecasted now from 341K on the last time.

Later on in the US, Existing Home Sales yearly number of residential buildings that were sold on the last month (not including new construction), 4.89M is likely now from 4.94M on January.

More in the US, Philly Fed Manufacturing Index Survey that value the general business conditions on the Philadelphia Federal Reserve district, 0.7 is calculated now from -5.8 on the previous time.

Moreover in the US, Flash Manufacturing Purchasing Managers’ Index (PMI) Survey to rate the business conditions including employment, new orders, prices and so on, reduce of 0.2 points from January down to 55.6 points is likely now.

Also in the US, Mortgage Delinquencies, value the Mortgage Bankers Association (MBA) mortgages by percentage that were at least one payment late, 7.40% is likely now with no change from the previous quarter.

Also in the US, Crude Oil Inventories, the commercial crude oil barrels in inventory, rise up to 1.9M0 is expected from 0.6M during the past week.

Finally in the US James Bullard, Federal Reserve Bank of St. Louis President is due to speak in New York.

In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, supplier deliveries and inventories, 48.4 points is likely from 47.9 points on January. On the German Flash Manufacturing PMI 50.4 points is due from 49.8 points on the last time. and on the French Flash Manufacturing PMI 43.9 points is expected now from 42.9 points on the last month.

Later in Europe, Flash Services Purchasing Managers’ Index (PMI), Survey to measures the business conditions such as production, prices and inventories, 49.2 points is likely now from 48.6 points. On the German Flash Services PMI 55.5 points is due now from 55.7 points. and on the French Flash Services PMI 44.5 points is calculated now from 43.6 points on January.

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

In Great Britain, Public Sector Net Borrowing values the difference between spending and income for public corporations, central and local government; -9.0B is due now from 13.2B on the previous month.

Later in Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, Survey to rate the next 3 months order volume expectation; -16 points are likely from -20 points on January.

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

In Switzerland, Trade Balance value the difference between imported and exported goods on the last month, 1.74B is calculated now from 0.90B on the last time.

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

In Australia, Glenn Stevensin, Reserve Bank of Australia (RBA) Governor is due to speak in Canberra.

For more on the Aussie, read the AUD/USD 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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