Forex Daily Outlook July 9 2012

We began the week with BOC Business Outlook Survey in Canada as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, John Williams, Federal Reserve Bank of San Francisco President, is due to speak in Coeur d’Alene

Later in the US, Consumer Credit, is about to rise up from 6.5B on June up to 8.9B now.

In Canada, BOC Business Outlook Survey, quarterly report to rate the business conditions, like sales growth, employment and credit conditions, no change is predicted this time.

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

In Europe, Mario Draghi, European Central Bank (ECB) President, is about to speak in Brussels.

Later in Europe, Sentix Investor Confidence, index to value the relative economic outlook for the Eurozone for 6-month, rise is likely from -28.9 on June to -26.0 this time.

Finally in Europe, German Trade Balance, reduce is estimated down from 16.1B on the last month to 15.9B.

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

In Great Britain, Paul Tucker, Bank of England (BOE) Deputy Governor, is about to speak in London.

Later in Great Britain British Retail Consortium (BRC) Retail Sales Monitor, value the same-store sales at the retail level, 1.3% is due to remain with no change from the last month report.

Finally in Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, is about to rise by 0.1% to -15% this month.

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

In Switzerland, Unemployment Rat, measures the  total unemployed work force by percentage that are actively seeking for jobs, 3.2% is predicted similar to the last month.

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

In Australia, ANZ Job Advertisements, shows the jobs advertised in the major daily newspapers and websites, -2.4% is likely with no change from the last report.

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

In New Zealand, NZIER Business Confidence, New Zealand Institute of Economic Research (NZIER), Survey to value the 6-month financial outlook, 13 points are likely this time.

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

In Japan, Current Account, value the difference between imported and exported goods, services and unilateral transfers, rise from 0.29T on June up to 0.42T now is forecasted.

Later in Japan, Core Machinery Orders, is about to drop down from 5.7% on the last month to -2.4% on the upcoming report.

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

Trade well