Forex Daily Outlook July 25 2012

In the US New Home Sales and Rate Statement in New Zealand are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, New Home Sales, estimates the annualized number of new homes that were sold on the last month, rise is likely from 369K on June up to 373K.

Later in the US, Timothy Geithner, US Treasury Secretary, is due to speak in Washington DC.

Finally in the US, Crude Oil Inventories, weekly indicator to value the number of commercial firms crude oil barrels that are held in inventory, -0.M is likely similar to the previous month.

In Europe, German Information and Forschung (Ifo) Business Climate, Monthly Survey to measure the   business conditions now and for the next 6 months; is due to reduce from 105.3 points last time down to 104.8 now.

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

In Australia, The Conference Board (CB) Leading Index, value the level of a composite index based on 7 financial indicators, due to remain -1.4% like on the last month report

Later in Australia, Consumer Price Index (CPI), consumers price change of goods and services, due to rise up from 0.1% on the last quarter up to 0.6% now.

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

In New Zealand, Reserve Bank of New Zealand (RBNZ) Rate Statement, the main tool that is used by the RBNZ to communicate with investors regarding financial policy, and discusses the monetary outlook outcome of future decisions; meanwhile on the official Cash Rate no change is likely for the last months and 2.50% is about to remain.

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

In Japan, Corporate Services Price Index (CSPI); reduce of 0.1% is likely from June.

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

Trade well

For more events later in the week, check out the Live Forex Calendar