Forex Daily Outlook July 20 2012


We end this week with CPI in Canada as the major event of the day. Here is an outlook on the market-movers awaiting us.

In Canada, Consumer Price Index (CPI); measures the consumer’s price change of goods and services is likely to remain -0.1% like on the last month, meanwhile on the Core CPI (not including the 8 most volatile items), reduce is predicted from 0.2% on June down to -0.1% now.

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

In Europe, German Producer Price Index (PPI), shows the manufacturer’s price change of goods due to rise by 0.1% from June to -0.3% this time.

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

In Great Britain, Public Sector Net Borrowing, value the difference between spending and income for public corporations with the central and local governments, is about to drop down from 15.6B on June to 12.5B on the upcoming report.

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

In Australia, Import Prices, value the importer’s price change of goods over the last quarter, rise is likely from -1.2% up to 1.6% now.

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

In New Zealand, Credit Card Spending, measure the total credit card’s spending, 3.9% is likely to remain similar to the previous month.

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

Trade well

Get the 5 most predictable currency pairs

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

Comments are closed.