Forex Daily Outlook July 19 2012

Philly Fed Manufacturing Index in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly indicator to value who filed for unemployment insurance for the first time, rise of 20K is predicted from the last week up to 370K

Later in the US, Existing Home Sales, the number of residential buildings that were sold (not including new construction), rise is forecasted from 4.55M on June up to 4.65M now.

Also in the US, Philly Fed Manufacturing Index, Manufacturers’ Monthly Survey to rate the  general business conditions in the Philadelphia Federal Reserve district, rise from -16.6 on their last month up to -7.7 is estimated.

More in the US, The Conference Board (CB) Leading Index is about to reduce down to -0.1% from 0.3% on June.

Finally in the US, Natural Gas Storage no change is predicted form the last month and 33B is forecasted.

In Canada, Wholesale Sales, measure the all value of sales at the wholesale level, rise is likely from 1.5% on the last month up to 0.2%.

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

In Europe, Current Account, value the difference between imported and exported goods, services, income flows, and rise is likely from 4.6B on the last report up to 5.3B this month.

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

In Great Britain, Retail Sales, value all the sales at the retail level; is due to drop down from 1.4% on the last month to 0.6%.

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

In Switzerland, Trade Balance, value the difference between imported and exported, is about to reduce from 2.48B on June down to 2.21B.

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

In Australia, Christopher Kent, Reserve Bank of Australia (RBA Assistant) Governor (Economic), is due to speak in Sydney.

Later in Australia, NAB Quarterly Business Confidence, index that is based on surveyed businesses, (excluding the farming industry is due to remain -1 points.

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

In New Zealand, Visitor Arrivals, duel to remain similar to the previous report with-1.0%.

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

In Japan, All Industries Activity, the total value of businesses goods and services, is due to reduce from 0.1% on the last month down to -0.2% this time.

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

Trade well