Forex Daily Outlook – July 11 2011


Housing Starts in Canada and RICS House Price Balance in UK are the main highlight on today’s outlook. Let’s see what awaits us today.

In Canada, Housing Starts, important monthly report to value all new number of new housing that began building over the passing month, about to slightly reduce from 184K on June to 182K this time.

More in Canada, Bank of Canada (BOC) Business Outlook Survey that is released quarterly, value around 100 to measure the level of general business conditions.

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

In Europe, French Industrial Production, important indicator to measure manufacturer’s production on the previous month, a rise from -0.3% on June to 0.5% is expected now.

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

In Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, monthly measurer to value the similar goods on at the retail level, -2.1% is expected that is similar to the previous month.

More in Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, based on monthly property surveyors, a rise from -28% to -24% is expected this time.

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

In Australia, Home Loans, monthly indicator to measure the new mortgages granted to homes Holder, small reduce is expected from 4.8% on June to 4.6% this month.

More in Australia, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI), monthly mesurment to value the housed selling prices, -1.8% is expected this month.

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

In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI), monthly measurement to value the housed selling prices, -1.8% is expected this month.

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

In Japan, Tertiary Industry Activity, to value the change in the businesses services purchased, 0.8% is expected this month.

More in Japan, Household Confidence is expected to rise to 35.7 points.

 Later in Japan, Prelim Machine Tool Orders, no change from last month is expected.

Finally in Japan, Corporate Goods Price Index (CGPI), is expected to rise to 2.4%.

Read more about the yen in the USD/JPY forecast.

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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