Wednesday, February 29, 2012

1/3/ 2012 Daily Forex Outlook


Fed Chairman Ben Bernanke testifies on the U.S. manufacturing PMI and the UK market is the main engines. Let’s see what awaits us today.
In the U.S., Ben Bernanke, chairman of the Federal Reserve due to testify in Washington DC.
More United States, unemployment claims, whichever occur first introduced unemployment insurance last week, are expected to decrease from 351K to 349K now.
The United States, the Institute for Supply Management’s Purchasing Managers’ Index (ISM) index (PMI) for manufacturing, a monthly survey of business conditions in rates, grows, such as inventories and trade suppliers, industry and the growth has been 0.5 points for the last month, up 54.6 points.
Later, in the United States the cost of the personal account activity and the global financial value of all consumer spending growth of 0.4% is expected since last month.
Later in the price index of the United States, private consumption base (PCE), the monthly report on changes in consumer prices for goods and services (excluding energy and food) to measure 0 expect 2% no change from the previous month.
In addition to the United States, Sarah Bloom Raskin to speak, the governor of the Federal Reserve, for example, in Connecticut.
Finally, the United States, Dennis Lockhart, give the Federal Reserve of Atlanta President to give a lecture in Atlanta
In Canada, the current account, the quarterly rate measure, the difference between import and export of goods, services, etc. 12.1b-expected rise in the last report in 9.4b.
Plus in Canada, the price index of raw materials (RPMI), an indicator of consumer inflation in commodity prices due to changes in producer rise by 2.4% this month.
In europe, the unemployment rate, the monthly measure of value (in percent) for all job seekers, 10.4% is expected, similar to last month’s report.
In Europe, the European Union (EU) European Central Bank (ECB) Summit (Day I) leaders are about to meet in Brussels on monetary matters.
Later, in Europe, the (CPI), the flash estimate of change in consumer prices for goods and services is estimated at 2.6% unchanged from the previous month’s report.
Finally, in Europe, the purchasing managers index of the production of finished packages (PMI), a monthly rate of economic conditions, such as supplier deliveries and new orders and more than 49 points was similar to the survey last month.
In the UK, the manufacturing purchasing managers index (PMI), a survey to assess the past few months, including production, employment, new orders and so on, compared to 52.1 points in January, 51, is now estimated at nine points.
In the UK, should David Miles, Exterior Bank of England (BOE) Monetary Policy Committee (MPC) members will be discussed in London
Finally, in the UK, the House Price Index of the nation (HPI), the value of the variation in sales prices of homes financed with mortgages across the country, the growth of -0.2% 0, expected 3% this month.
In Switzerland’s gross domestic product (GDP) is the quarterly report of the value of goods and services produced, theeconomy must be reduced by 0.2% to -0.1%.
More Swiss Association for Materials Management, purchasing and Switzerland (ASAA) Purchasing Managers Index (PMI), monitoring the pace of economic conditions and employment, new orders, prices, inventories, etc. Are expected togrow by 47.3 points in January to 48.6 points now.
In Australia, construction permits, the monthly report on the number of building permits for new problems expected to grow 1.0% in the last report for 2.1% this month.
More Australia, the cost of private capital, the value of the cost of private capital in the new sink in the last quarter as a result of 12.3% to 3.5%.
In Japan, household spending, the value of all consumer spending last month, is expected to fall 0.5% in January to -0.7% this time.
Mayor in Japan, Tokyo (CPI), the value of changes in consumer prices for goods and services from Tokyo (excluding fresh food) is expected -0.4%, similar to last month’s report.
That’s all for today.
The Forex market happy!

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