Forex Daily Outlook May 18 2012

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We end this week with G8 Meetings and the Treasury Currency Report in the US as the major events of the day. Here is an outlook on the market-movers awaiting us.

Group of Eight (G8) Meetings Day 1, G8 is influencing the global policy-making at the highest level, and can impact the currency markets.

In the US, Treasury Currency Report shows the review of global exchange rate policies, financial conditions, bank and government actions round the world and so on.

In Canada, Monthly measurement to show the consumer’s price change for purchased goods and services; reduce is predicated by 0.1% down to 0.3%. Meanwhile on the Core CPI (not including the 8 most volatile items) no change is expected and 0.3% is due to remain like on April.

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

In Europe, German Producer Price Index (PPI), Value the manufacturer’s price change for sold goods, due to reduce from 0.6% on April down to 0.4% now.

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

Trade well

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About Author

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

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