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Forex Daily Outlook November 14 2012 – BOE and PPI

PPI  in the US and BOE Inflation Report in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Retail Sales, value all the sales at the retail level Change in the total value of, reduce of 1.1% is likely from the last month, similar on the Core Retail Sales (without cars), reduce down to 0.3% from 1.1% on October is expected.

Late in the US, Producer Price Index (PPI), shows the producers’ price change of finished goods and services, rise up to 0.2% is calculated now from 1.1% on October, and similar rise is due on the Core PPI (excluding food and energy) up to 0.2% now.

Also in the US, Federal Open Market Committee (FOMC) Meeting Minutes, the record of the FOMC’s latest meeting, that provides insights into the financial conditions on where to set interest rates.

Finally in the US, Business Inventories, all the manufacturers’ goods that are held in inventory, due to reduce down by 0.2% from October to 0.4% this time.

In Europe, Industrial Production, value the manufacturers, mines, and utilities total value of output, -1.6% is due now from 0.6% on the last month.

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

In Great Britain, Claimant Count Change, value the people that are claiming unemployment benefits on the last month, -0.5K is expected now from -4.0K on the last time. Meanwhile on the Unemployment Rate no change is due and 7.9% is likely to remain similar to October’s report.

Later in Great Britain, Mervyn King, Bank of England (BOE) Governor is due to hold a press conference in London.

Finally on in Great Britain, BOE Inflation Report that is released quarterly, to provide insight into the bank’s view of financial conditions and interest rate decisions;

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

In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, Survey to value the last 6 month monetary outlook for Switzerland, -28.9 points is forecasted now.

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

In Australia, Wage Price Index, measures the businesses and the government price change for labor (without bonuses); 0.8% is predicted now from 1.0% on the last quarter.

For more on the Aussie, read the  AUD/USD 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