Forex Daily Outlook January 10 2012


FOMC Member Williams Speaks in the Us and Building Approvals in Australia are the main events lined up. Let’s see what awaits us today.

In the US, John Williams, Federal Reserve Bank of San Francisco President, is about to speak in Vancouver.

More in the US, Sandra Pianalto, Federal Reserve Bank of Cleveland President, is about to lecture in Wooster.

Later in the US, Wholesale Inventories, value the goods that are kept in inventory, due to reduce from1.6% on December down to 0.5% now.

Finally in the US, Investor’s Business Daily (IBD) / TechnoMetrica Institute of Policy and Politics (TIPP)Economic Optimism, due to rise from 42.8 points  to 45.3 points on this monthly survey.

In Canada, Annualized number of new residential buildings that began construction during the previous month

More in Canada, Housing Starts, value the new residential buildings under construction on the last month, during the previous month, is about to rise by 5K up to 186K.

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

In Europe, French Industrial Production, manufacturers mines, and utilities output, is about to rise up to 0.1%.

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

In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, leading monthly gauge of housing inflation that is due to further reduce down to -18% from -17% on December.

More in Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, value the retail level of the same-store sales, -1.6% is predicted similar to the last month.

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

In Australia, Building Approvals, the new construction that are been approved on the last month, rise is expected from -10.7% on the last month up to 6.6% now.

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

That’s it for today.

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

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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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