Home Forex Daily Outlook September 12 2012
Daily Look

Forex Daily Outlook September 12 2012

Claimant Count Change in the UK and Dutch Parliamentary Election in Europe are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Import Prices, Value the price change of imported goods and services that are purchased domestically; rise is likely from -0.6% on August up to 1.4% now.

Also in the US, Crude Oil Inventories, Weekly indicator to value the commercial barrels of crude oil that are held in inventory, -7.4M is due this time similar to the last week.

Finally in the US, 10-y Bond Auction, measures the bonds that the government sold at auction, and the bid-to-cover ratio of the auction.

In Europe, Dutch Parliamentary Election, Every 4 years, 150 members are elected to the House of Representatives.

Later in Europe, German Constitutional Court Ruling is due to announce regarding the European Stability Mechanism (ESM), constitutionality in Karlsruhe.

 More in Europe, Industrial Production, value the manufacturer’s mines, and utilities output, rise of 0.6% is likely from August.

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

In Great Britain, Claimant Count Change, measures the number of people that are claiming unemployment benefits on the last month, 0.1K is due now from -5.9K on August.

Also in Great Britain, Unemployment Rate, value by percentage of total work force that is actively looking for employment over the last 3 months, 8% is due similar to the last report.

Finally in Great Britain, External Bank of England (BOE) Monetary Policy Committee (MPC) Member, Ben Broadbent, is due to speak at the Business School, in Durham.

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

In Australia, Melbourne Institute (MI); Inflation Expectations, the consumers’ expect price change by percentage of goods and services to on the next 12 months, 2.4% is due similar to the last time.

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

In New Zealand, Reserve Bank of New Zealand (RBNZ) Rate Statement, primary tool to communicate with investors regarding financial policy and discusses the economic outlook. It is followed by RBNZ Monetary Policy Statement and RBNZ Press Conference. While on the Official Cash Rate 2.50% is forecasted with no change from the last months.

For more about the kiwi, see the NZD/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