Forex Daily Outlook March 21 2013

Philly Fed Manufacturing Index in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly indicator to value who filed for unemployment insurance on the first time, rise up to 343K is likely from 332K on the last report.

Later in the US,   Philly Fed Manufacturing Index, Survey of manufacturers in the Philadelphia Federal Reserve district to rate the general business conditions, further reduce is calculated from-1.6 on the last month down to -12.5 now.

Later on in the US, Existing Home Sales, the Annual calculation for residential buildings that were sold on the past month (not including new building), rise up to 5.02M is due from 4.92M on February.

Finally in the US, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories, 55.1 points is likely from 54.3 points on the last report.

In Canada, Retail Sales value all the sales at the retail level; rise is likely now up to 0.6% from -2.1% on February. Similar raise is due on the Core Retail Sales (without cars) up to 0.4% from -0.9% on the last time.

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

In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to value the business conditions like production, prices, supplier deliveries and inventories, 48.2 points is calculated now from 47.9 points on February. On the German Flash Manufacturing PMI 50.8 points are due now from 50.3 points on the last time. And on the French Flash Manufacturing PMI 44.4 points are expected now from 43.9 points on the last month.

Later in Europe, Flash Services Purchasing Managers’ Index (PMI), Monthly Survey of to calculate the business conditions such as employment, new orders, supplier deliveries and inventories, 48.2 points 47.3 points German Flash Services PMI 54.9 points 54.1 points French Flash Services PMI 44.1 points 42.7 points

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

In Great Britain, Retail Sales, value the change in all the sales at the retail level, rise is likely from -0.6% on the last month up to 0.5% now.

Later in Great Britain, Confederation of British Industry (CBI), Industrial Order Expectations, Survey to rate the order volume that is expected for the next 3 months, -16 is due now from -14 on the last report.

Finally in Great Britain, Public Sector Net Borrowing, from -9.9B on the last month raise is forecasted now up to 8.4B.

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

In Switzerland, Fritz Zurbrugg, Swiss National Bank (SNB) Governing Board Member is due to deliver a speech in Zurich.

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

In Australia, The Conference Board (CB) Leading Index, a composite index that is based on 7 financial indicators, -0.1% is due similar to the previous time.

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

Trade well