Forex Daily Outlook May 11 2012
Daily Look

Forex Daily Outlook May 11 2012

We end this week with PPI  in the US and Employment Change in Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.

In the US, Producer Price Index (PPI), consumer inflation important indicator to value the  producer’s price change of finished goods and services, no change is predicted from the last month, meanwhile on the Core PPI m without food and energy reduce of 0.1% is likely and 0.2% is predicted now.

Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Monthly consumer’s survey to rate the present and coming monetary conditions, 76.4 points are predicted similar to April.

Later on in the US, Prelim University of Michigan (UoM) Inflation Expectations, no change from the last month is predicted and 3.2% is due to remain.

In Canada, Employment Change, consumer spending indicator to value the number of employed people on the last month, due to drop down from 82.3K on April down to 10.1K this time.

Later in Canada, Unemployment Rate, value the total work force by percentage of unemployed who is looking for jobs on the past month, rise of 0.1% is forecasted up to 7.3% now.

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

In Europe, German Final Consumer Price Index (CPI); is likely to remain 0.1% similar to April’s report.

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

In Great Britain, Producer Price Index (PPI) Input, monthly indicator to measure the manufacturer’s price change for goods and raw materials, decrease is expected from 1.9% on April down to -0.9%, and similar forecast in the PPI Output, drop from 0.6% down to  0.4% is projected.

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

For more events later in the week, check out the Live Forex Calendar

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