Forex Daily Outlook February 27 2012
Daily Look

Forex Daily Outlook February 27 2012

We start the week with some interesting events like Pending Home Sales in the US and M3 Money Supply Europe as the main highlight on today’s outlook. Let’s see what awaits us today.

Group of Twenty (G20) Meetings, is scheduled in Mexico City for the 2nd day to discuss global financial and the Eurozone debt crisis growth outlook. About to influence the currency markets.

In the US, Pending Home Sales, monthly indicator to value the homes under contract for sale before closing transaction (not including new building), rise of 4.6% from January is predicted up to 1.1% this time.

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

In Europe, M3 Money Supply, correlated with interest rates and value the quantity change of the total local currency circulation and the banks’ deposit, rise of 0.2% is forecasted up to 1.8% now.

More in Europe, Private Loans, correlated whit borrowing and spending, and is about to rise up by 0.2% from January.

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

In New Zealand, Trade Balance, value the difference between imported and exported goods on the last month, decrease is estimated from 338M on January down to 169M now, and indicates more exported goods than imported.

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

In Japan, Retail Sales, main gauge of consumer spending to value the total sales at the retail level and accounts for the overall financial movement, is about to drop down by 2.6% down to -0.1% now.

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

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