Forex Daily Outlook June 26 2012

Consumer Confidence in the US and Public Sector Net Borrowing in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, The Conference Board (CB) Consumer Confidence, households Monthly Survey to rate the level of present and upcoming monetary conditions like business conditions and overall financial situation, about to drop down from 64.9 points on May to 64.0 points now.

Later in the US, Standard & Poor’s (S&P) Case-Shiller (CS) Composite-20 House Price Index (HPI), the selling price change of homes in 20 metropolitan areas; rise of 0.2% is forecasted up to -2.4% from the last month.

Finally in the US, Richmond Manufacturing Index is likely to rise up by 1 point from May to 5 points.

In Europe, GfK German Consumer Climate, Monthly Survey to value the past and future financial conditions, including climate for major purchases and overall financial situation, no change is likely this time and is due to remain 5.7 points.

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 regarding the nation’s key interest rates and often drop clues regarding the upcoming financial policy.

Later in Great Britain,   Public Sector Net Borrowing, value the difference between the corporation’s spending and income and the central and local government on the last month, about to rise from  -18.8B   up to 13.1B and indicates a budget deficit.

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

In Switzerland, UBS Consumption Indicator that is based on 5 consumer indicators; no change is likely from May and 1.41 points are due to remain.

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

In Australia, Guy Debelle, Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets) is due to speak in Adelaide

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

In New Zealand, Trade Balance, value the difference between imported and exported goods on the last month, reduce is predicted from 355M on May down to 310M this time.

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

Trade well