Forex Daily Outlook June 25 2013
Daily Look

Forex Daily Outlook June 25 2013

In the US Durable Goods Orders and Inflation Report Hearings in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Durable Goods Orders value all the manufacturers new durable goods purchase orders,  reduce down to 3.0% from 3.5% on May is likely now. Similar is due on the Core Durable Goods Orders (without transportation items), -0.1% is expected now from 1.5% on the last time.

Later in the US, New Home Sales, the yearly indicator of new single-family homes that were sold on the past month, rise up to 462K is calculated now from 454K on May.

More in the US, The Conference Board (CB) Consumer Confidence, households Monthly Survey to value the current and future economic conditions such as labor availability, business conditions and so on, raise of 0.4 points is due now up to 75.6 points.

Moreover in the US, Jack Lew, US Treasury Secretary is due to speak in Washington DC.

Also in the US, Standard & Poor’s (S&P) Case-Shiller (CS) Composite-20 House Price Index (HPI), measures the price of single-family homes in 20 metropolitan areas, 10.6% is predicted this time from 10.9% on the last month.

Finally in the US, House Price Index (HPI) with 1.2% is due this month similar to the previous report.

In Europe, GfK German Consumer Climate Consumers` Monthly Survey to value the past and future economic conditions like including personal financial situation and so on, 6.6 points are expected now from 6.5 points on May.

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

In Great Britain, Inflation Report Hearings Bank of England (BOE) Monetary Policy Committee (MPC) members vote on where to set the nation’s key interest rates and future monetary policy.

Later in Great Britain,   British Bankers’ Association (BBA Mortgage Approvals important housing market demand indicator that value the new mortgages approved for home that were purchase by BBA banks on the last month, drop of 0.1K down to 33.1K is forecasted now.

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

Trade well

Anat Dror

Anat Dror

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