Forex Daily Outlook – January 25 2011

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CB Consumer Confidence in the US, GDP in the UK, a speech by King are only some of highlights, .Let’s see what awaits us today..

In the US, The Conference Board (CB) Consumer Confidence, Survey of about 5,000 households to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation is about to rise by 2 points from the previous month.

Later in the US, Standard & Poor’s (S&P) / Case-Shiller (CS) Composite-20 House Price Index (HPI), selling price of single-family homes in 20 metropolitan areas; the primary calculation for this indicator is about to reduce by 0.6%.

In Canada, Consumer Price Index (CPI), goods and services purchased by consumers, is about to rise by 0.1%, while the Core CPI (excluding the 8 most volatile items) is about to reduce by 0.1%. Consumer prices account for a majority of overall inflation.

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

In Great Britain, Bank of England (BOE) Governor  Mervyn King, due to speak, in Newcastle. As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person.

More in Great Britain, Public Sector Net Borrowing, value between spending and income for public corporations, the central government, and local governments during the previous month; is about to reduce by 4.5B.

Later in Great Britain, Prelim Gross Domestic Product (GDP), the earliest and thus tends to have the most impact that Measures the value of all goods and services produced by the economy, about to reduce by 0.2%.

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

In Australia, NAB Quarterly Business Confidence, Survey of about 1,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the near and medium-term future, indicates improving conditions with 9 points.

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

In New Zealand, Credit Card Spending, total spending facilitated with a credit card is about to be 3.8%, similar to the previous time.

In Japan, Bank of Japan (BOJ) Press Conference, It’s among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy

That’s it for today. Happy forex trading!

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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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