Forex Daily Outlook January 13 2012

We summarize this week Trade Balance in the US and in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Trade Balance, value the imported and exported goods over the last month, is expected to further reduce from-43.5B on December down to -44.8B now.

More in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Monthly consumer’s Survey to value the of recent and forthcoming monetary conditions, due to rise up from 69.9 points to 71.2 points now, and the Prelim UoM Inflation Expectations that value the expect prices (by percentage) on the coming 12 months is due to remain 3.1%, similar to the previous report.

Later in the US, Import Prices, monthly indicator to measure the imported goods and services prices, and it influence the businesses and consumers inflation, due to decreases by 0.1%.

Finally in the US, Elizabeth Duke, Federal Reserve Governor is about to speak in Santa Barbara.

In Canada, Trade Balance, value the imported and exported goods over the last month, is predicted to rise from -0.9B up to -0.5B.

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

In Europe, Trade Balance measures the imported and exported goods on the last month, is foretold to rise from -0.3B up to -0.7B now.

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

In Great Britain, Producer Price Index (PPI) Input, is a top consumer inflation indicator that measures monthly the manufacturers prices of goods and raw materials, due to drop down by 0.1% from December.

More in Great Britain, Producer Price Index (PPI) Output is a monthly valuation from the manufacturer’s sold prices of goods, about to reduce from 0.2% on the last month to 0.1% this time.

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

That’s it for today.

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