Forex Daily Outlook July 30 2012

We began the week with Spanish Flash GDP in Europe and GfK Consumer Confidence in the UK the main highlights on today’s outlook. Let’s see what awaits us today.

In Europe, Spanish Flash Gross Domestic Product (GDP), value all the economy’s production for goods and services, due to further reduce from -0.3% on the last quarter down to -0.4% now.

Later in Europe, Retail Raw Materials Price Index (RMPI); is likely to remain 48.3 points similar to the last month.

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

In Great Britain, Net Lending to Individuals, correlated with customer spending and self-assurance to value the new consumer’s credit that was issued on the last month, due to reduce from 1.3B on June down to 0.8B.

Later in Great Britain, Confederation of British Industry (CBI) Realized Sales, Monthly Survey to measures the current sales volume, decrease from 42 points on June down to 18 points this moth is expected.

More in Great Britain, GfK NOP Consumer Confidence Barometer Consumer Confidence, Consumer’s Survey to rate the financial conditions such as personal financial situation, and overall monetary situation, due to rise by 1 point to -28 now.

Also in Great Britain, M4 Money Supply, value the total quantity of domestic currency in circulation and placed in banks; rise is predicted from -0.1% on June up to 0.3% this month.

Finally in Great Britain, Mortgage Approvals is likely to drop down by 2K to 49K.

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

In Australia, Housing Industry Association (HIA) New Home Sales, the newly constructed homes that were sold on the last month, no change is likely and 0.7% is due to remain.

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

In New Zealand, Building Consents, future construction activity important indicator to value the new building approvals issued, -7.1% is estimated now similar to the last month report.

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

In Japan, Prelim Industrial Production, value the manufacturer’s mines, and utilities output, rise from -3.4% on June up to 1.6% is forecasted.

Household Spending, measurers all the consumer’s expenditures, is due to drop down from 4.0% to 3.1% this time.

Later in Japan, Unemployment Rate, value by percentage all the unemployed that are actively seeking for employment, 4.4% is likely to remain with no change from the last month report.

Finally in Japan, Manufacturing Purchasing Managers’ Index (PMI), no change is expected from the last month and 49.9 points are likely to remain.

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

Trade well