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Forex Daily Outlook January 20 2012

We summarize this week Existing Home Sales in the US and Retail Sales in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Existing Home Sales, Monthly indicator to value the sold buildings on the past month, 4.65M is forecasted, 0.23M less than on the previous report.

In Canada, Consumer Price Index (CPI); main inflation gauge that rate the monthly consumer’s price change for services and goods, is due to reduce from 0.1% on the last month down to-0.1%now.   And similar decrease we see in the Core CPI (not included food and energy) from 0.1% on December down to -0.2% this time.

More in Canada, Wholesale Sales, important consumer spending indicator that value the wholesale level of sales over the last month, rise is predicted from 0.9% on December up to 1.2% on this report.

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

In Europe, German Producer Price Index (PPI); value the manufacturer’s price change of goods, is due to remain 0.1% similar to December.

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

In Great Britain, Retail Sales, primary consumer spending indicator to value the total inflation-adjusted retail level, rise is predicted from -0.4% on the last month up to 0.6% now.

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

In Australia, Import Prices, value the price change in the importers goods, is due to rise up to 0.6%.

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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