Forex Daily Outlook – March 25 2011

Busy day in Europe, EU Economic Summit – day II, German Ifo Business Climate and much more .Let’s see what awaits us today.

In the US, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota, Due to deliver a speech titled “Bubbles and Unemployment” at the International Conference on Asset Prices, Credit and Macroeconomic Policies, in Marseille.

Later in the US, Federal Reserve Bank of Dallas President Richard Fisher, Due to speak at the Bruegel Research Institute, in Brussels.

Later on in the US, Federal Reserve Bank of Philadelphia President Charles Plosser, due to speak at the Beyond the Short Run – A Framework for Long Run Monetary Policy Shadow Open Market Committee Symposium, in New York. Audience questions expected;

More in the US, Federal Reserve Governor Elizabeth Duke, Due to deliver a speech titled “Changing Circumstances: The Impact of the Financial Crisis on Wealth” at the Association of Economists Sandridge Lecture, in Virginia. Audience questions expected.

Moreover in the US, Final Gross Domestic Product (GDP) is about to rise by 0.2%. the broadest measure of economic activity and the primary gauge of the economy’s health. While the Final GDP Price Index should remain 0.4%.

Also in the US, Revised University of Michigan (UoM) Consumer Sentiment, Survey of about 500 consumers to rate the relative level of current and future economic conditions is expected to be 68.1 points.

Finally in the US, Revised University of Michigan (UoM) Inflation Expectations, Survey of about 500 consumers which asks respondents where they expect prices to be 12 months in the future is expected to be 4.6 points.

In Canada, Bank of Canada (BOC) Governor Mark Carney, Due to participate in a panel discussion at the Inter-American Development Bank, in Calgary.

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

In Europe, European Union (EU) Economic Summit, Heads of state from European Union countries are due to meet about Bank stress tests, the European Financial Stability Facility fund, Ireland crisis, and other economic issues, in Brussels.

Late in Europe, German Ifo Business Climate, Survey of about 7,000 businesses to rate the relative level of current business conditions and expectations for the next 6 months,   is about to be 110.6 points.

Later on in Europe, M3 Money Supply, tal quantity of domestic currency in circulation and deposited in banks, positively correlated with interest rates and about to rise by 0.2%.

More in  Europe, German Import Prices, price of imported goods purchased domestically; is about to droop down by 0.5%.

Finally in Europe, Private Loans, new loans issued to consumers and businesses in the private sector is about to rise by 0.2%.

For more on the Euro, read the  EUR/USD forecast

In Switzerland, Swiss National Bank (SNB) Quarterly Bulletin, Tends to have a mild impact

That’s it for today. Happy forex trading!