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Forex Daily Outlook May 29 2012

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

Later in the US, The Conference Board (CB) Consumer Confidence, Monthly households Survey measure the current and upcoming financial conditions, such as labor availability and overall economic situation, rise from 69.2 points on the last month up to 69.6 points now is expected.

In the US, Standard & Poor’s / (S&P) Case-Shiller (CS) Composite-20 House Price Index (HPI); value the selling price of homes in 20 metropolitan areas, about to rise from -3.5% on April to -2.7% this time.

In Europe, German Prelim Consumer Price Index (CPI); consumer’s goods and services price Change over the passing month, about to reduce from April’s report by 0.2%.

Later in Europe, German Import Prices, value the price change of the imported goods that are purchased locally, is about to reduce from 0.7% on April down to -0.2% now.

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

In Great Britain, Confederation of British Industry (CBI) Realized Sales, Monthly Survey wholesale and retail companies to rate the level of existing sales volume, -7 points are predicted now 1 point less from April.

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

In Australia, Housing Industry Association (HIA) New Home Sales, measures the number of newly built homes that were sold on the last month, -9.4% is likely similar to the previous time.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, Building Consents, value the number of approvals issued for new building, 19.8% is forecasted like on the last month.

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

In Japan, JPY, Manufacturing Purchasing Managers’ Index (PMI); is about to remain 50.7 points similar to the last month report.

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

Trade well

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