Forex Daily Outlook May 24 2012

0

Unemployment Claims in the US and Ifo Business Climate in Europe are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly measurement to value the individuals which filed for unemployment insurance, rise of 4K is likely up to 374K from April.

Later in the US, Durable Goods Orders, value the new manufacturer’s purchase orders for durable goods, is about to rise from -0.8% on April up to 1.2% this time. Similar rise is predicted in the Core Durable Goods (without transportation items) from -4.0% up to 0.5% this time.

Also in the US, William Dudley, Federal Reserve Bank of New York President is due to speak in New York.

Finally in the US, Timothy Geithner, US Treasury Secretary, is about to speak in Baltimore.

In Europe, German Information and Forschung (Ifo) Business Climate, Survey that value the monthly level of present business conditions and the expected one for the next 6 months, due to reduce by 0.4 points down to 109.5 points this month.

Later in Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Monthly Manager’s Survey to rate the business conditions such as employment, new orders, supplier deliveries and so on, rise is predicted from 45.9 points up to 46.1 points in, similar rise is expected in France from 46.9 points up to 47.1 points now, and also in Germany from 46.2 points up to 47.1 points is likely now.

More in Europe, Flash Services Purchasing Managers’ Index (PMI); Managers Survey to value the monthly services such as production, prices, supplier deliveries and so on, rise from 46.9 points up to 47.0 points is expected, similar rise is likely in France from 45.2 points up to 45.8 points now, and also in Germany from 52.2 points up to 51.9 points is likely now.

Also in Europe, Belgium NBB Business Climate, monthly survey to rate the current and expected business conditions for the next 6 months, about to rise from -10.7 points on the last report up to -9.6 points now.

Finally in Europe, Mario Draghi, European Central Bank (ECB) President, is about to speak in Rome.

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

In Great Britain, Revised Gross Domestic Product (GDP), value all goods and services that were produced by the economy over the last quarter, -0.2% is forecasted similar to the previous report.

Later in Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, measures the Number of new mortgages approved for the homes that were purchase by the BBA banks on the last month, rise is likely from 31.9K on April up to 32.3K now.

More in Great Britain, Prelim Business Investment, shows the capital investments that were made by businesses and the government, rise are due from -3.3% on the last quarter up to 3.2% now.

Finally in Great Britain, David Miles, External BOE MPC Member, is due to speak in London.

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

In Switzerland, Trade Balance, in value the difference between imported and exported goods on the last month; rise is predicted form 1.58B on April up to 1.95B now.

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

In New Zealand, Annual Budget Release, annually report that value the government spending and borrowing levels since they can impact the economy.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Bank of Japan (BOJ) Monthly Report, the statistical data from the BOJ Policy Board members when evaluating the latest interest rate decision and provides the bank’s viewpoint of the current and future financial conditions.

Later in Japan, Tokyo Core Consumer Price Index (CPI), value the consumer’s price change of goods and services in Tokyo, (without fresh food) due to remain -0.5% like on the last month.

Read more about the yen in the USD/JPY forecast.

Trade well

Get the 5 most predictable currency pairs

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

Comments are closed.