Forex Daily Outlook March 27 2012
Daily Look

Forex Daily Outlook March 27 2012

In the US CB Consumer Confidence and in the UK CBI Realized Sales are the main events lined up.  Let’s see what awaits us today.

In the US, CB Consumer Confidence, Monthly Survey to rate the existing and coming financial conditions with labor availability and overall monetary situation, decrease of 0.3 points from February to 70.5 points now is expected.

More in the US, Standard & Poor’s (S&P)/ Case-Shiller (CS) Composite-20 House Price Index (HPI), value the selling price change of single-family homes on 20 city areas, rise is predicted from -4.0% on the last month up to -3.8% this time.

Moreover in the US, Ben Bernanke, Federal Reserve Chairman is due to speak in Washington DC.

Later in the US, Elizabeth Duke, Federal Reserve Governor is about to speak.

Later on in the US, Richmond Manufacturing Index is due to drop down by 2 points to 18 points this month.

Finally in the US, William Dudley, Federal Reserve Bank of New York President is due to lecture in Washington DC.

In Europe, GfK German Consumer Climate, Monthly Consumers’ Survey to measure the previous and forthcoming monetary conditions such as personal financial situation and overall financial situation, rise of 0.2 points is predicted up to 6.2 points.

More in Europe, German Import Prices, value the price change of domestically imported goods, decline is predicted down to 0.9% now from 1.3% on February.

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

In Great Britain, Nationwide House Price Index (HPI), housing industry’s important monthly indicator to rate the selling price of mortgages homes backed by Nationwide, reduce of 0.3% from 0.6% is predicted this month.

More in Great Britain, Confederation of British Industry (CBI) Realized Sales, about to stay -2 points like on the last month survey,

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

In Switzerland, UBS Consumption Indicator, composite index based on 5 consumer’ indicators, due to remain 0.92 points on this month as well.

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

That’s it for today.

Happy forex trading!

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