Forex Daily Outlook September 13 2012

Unemployment Claims and FOMC Press Conference in the US are the major market-movers. Let see what awaits us today.

In the US, Federal Open Market Committee (FOMC) Statement, the FOMC uses this tool to communicate with investors regarding monetary policy and to discuss the economic outlook, along with FOMC Economic Projections to report includes the FOMC’s projection for inflation and financial growth on the next 2 years. This is followed by FOMC Press Conference. Meanwhile on the Federal Funds Rate no change is likely and 0.25% is due to remain.

Later in the US, Producer Price Index (PPI); leading indicator of consumer inflation to value the producer’s price of finished goods and services, 1.2% is expected now from 0.3% on August. While on the Core PPI (without food and energy) reduce is likely from 0.4% on August down to 0.2% this month.

More in the US, Unemployment Claims, weekly indicator to value the people that filed for unemployment insurance for the first time this week, rise of 5K is expected up to 370K now.

Also in the US, Federal Budget Balance, value the difference between the federal government’s income and spending, further reduce is likely from -69.6B on August down to -157.1B this time.

Moreover in the US, Natural Gas Storage is due to remain 28B

Finally in the US, 30-y Bond Auction is due this month.

In Canada, New Housing Price Index (NHPI), important indicator of the housing industry’s to value the selling price change of new homes; rise of 0.1% from August is due up to 0.3% this time.

Also in Canada, Capacity Utilization Rate, rise is likely from 80.7% on the last quarter up to 81.1% now.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, European Central Bank (ECB) Monthly Bulletin, the ECB Governing Board evaluated for the statistical data on the latest interest rate decision.

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

In New Zealand, Food Price Index (FPI), value the household’s price change of food and food services, 0.2% is due similar to the last month.

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

Trade well