Forex Daily Outlook October 12 2012

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

In the US, Producer Price Index (PPI), value the producer’s price change of finished goods and services, 0.8% is predicted now from 1.7% on September. While on the Core PPI (without food and energy), 0.2% is likely to remain like on the last report.

Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Survey to rate the present and future financial conditions 77.9 are calculated now from 78.3 on September. Menwhile on the Prelim UoM Inflation Expectations 3.3% is expected similar to the last time.

Finally in the US, Jeffrey Lacker, Federal Reserve Bank of Richmond President is due to deliver a speech in Charlottesville.

In Europe, Industrial Production, measures the change of manufacturers, mines, and utilities output production, -0.5% is estimated now from 0.5% on the last month.

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

In Great Britain, The Conference Board (CB) Leading Index is due to remain 0.1% like on the last time.

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

International Monetary Fund (IMF) Meetings (Day 1) usually held twice a year and are open to the press.

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