Home Forex Daily Outlook January 17 2013
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Forex Daily Outlook January 17 2013

Building Permits in the US and Employment Change in Australia are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly indicator to value the unemployment insurance that were filed  for the first time, 369K is due now from 371K on the past report.

Later in the US, Building Permits future construction activity indicator that values the new residential building permits that were issued on the past month, 0.91M is expected now from 0.90M on December.

More in the US, Philly Fed Manufacturing Index, Survey of manufacturers in the Philadelphia Federal Reserve district to rate the general business conditions, 7.1 points is forecasted from 8.1 points on the past month.

Finally in the US, Housing Starts measures the new residential buildings that began construction, 0.89M is predicted now from 0.86M on December.

In Canada, Foreign Securities Purchases, all the domestic stocks, bonds, and money-market assets that were purchased by foreigners, 9.45B is likely now from 13.26B on the reported month.

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

In Europe, European Central Bank (ECB) Monthly Bulletin, the ECB Governing Board statistical evaluation for the latest interest rate decisions.

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

In Switzerland, Producer Price Index (PPI), value the manufacturer’s price change of goods and raw materials, rise up to 0.2% is due now.

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

In Australia, Unemployment Rate, the total work force by percentage that is actively seeking employment, rise of 0.2% is likely now up to 5.4% from December.

Later in Australia, Employment Change number of employed people on the past month, 2.3K is calculated now from 13.9K on December.

Later on in Australia, Melbourne Institute (MI) Inflation Expectations value the consumer’s expected price of goods and services on the next 12 months, 1.8% is likely similar to the last report.

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

In New Zealand, Consumer Price Index (CPI), the consumers’ price change of goods and services, reduce of 0.2% is likely down to 0.1% now.

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

Trade well

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