Forex Daily Outlook July 27 2012

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We end this week with Advance GDP as the major events of the day. Here is an outlook on the market-mover awaiting us.

In the US, Advance Gross Domestic Product (GDP), measures the annualized value of all the economy’s  production of goods and services, is about to reduce by 0.4% down to 1.5%. and similar reduce is likely on the Advance GDP Price Index from 2.0% on the last quarter to 1.6%.

Revised UoM Consumer Sentiment, Consumer’s Monthly Survey to rate the existing and coming financial conditions, no change is estimated and 72 points are due. And on the Revised UoM Inflation Expectations 2.8% is predicted similar to the last month.

In Europe, German Prelim Consumer Price Index (CPI), consumer’s goods and services price change is due to rise from -0.1% on June up to 0.4% now.

Spanish Unemployment Rate, value by percentage the total unemployed that are actively seeking employment, rise of 0.3% from the last quarter is likely up to 24.7%.

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

In Great Britain, Nationwide House Price Index (HPI);, value their selling price change of homes with mortgages sponsored by Nationwide, rise is forecasted from -0.6% on June up to 0.8%.

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

In Switzerland, KOF Leading Indicators, Konjunkturbarometer Economic Barometer, composite index that is based on 12 financial indicators, rise is likely from 1.16 points on June up to 1.24.

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

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

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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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