Forex daily Outlook - April 15, 2011

US rate of inflation, long term purchases we ICT and consumers are the main events of this day. Here is an overview on market-movers ahead then.

The United States, CPI of basic non-energy and power of two volatile components provides a stable sales price to consider two important sectors of the economy gained 0.2% in February as in the previous month. Increase of 0.1% planned analysts. This figure stable index provided a similar increase of 0.2%. Meanwhile IPC measuring the cost of living comparison basket of goods and services, including the volatile components increased by 0.5% in February, expectations, and is likely to win a similar increase.

More to the United States ICT purchases to long term-representative the balance of the significant impact on the investment market and having national and abroad dropped to 51 5 B in January following 62. 5 (b) the month before. 59. 4 (B) increase should now.

A further to the United States in the Prelim UOM consumer a survey of consumer confidence conducted by the University of Michigan based on a survey of 500 consumers declined to 68.2 in March 77.5 the previous month. A small climb to 68.7 should now. It is an important event because it is an early indicator of consumers.

Additional event to the United States, Empire State Manufacturing Index. This economic indicator regional-seasonally adjusted according to a survey of 175 manufacturing executives an indicator reflecting economic conditions edged up to 17.5 in March after 15.4 in February. A slight decrease of 17.1 is planned.

Another event in us, FOMC Member Evans speaks, Charles Evans Chair of the Federal Reserve Bank of Chicago is scheduled to speak at the Bard College Levy Institute 20th Conference annual Hyman Minsky on the State of the United States and global economies, New York. Traders consider these speeches about clues on future monetary policy decisions.

Finally, the United States, utilization of capacity, or the operating rate showing a percentage of 100% of the production potential, if the rate of production closer to full inflation capacity rises. This indicator fell by 76.3% in February of 76.4% the previous month, that a climb to 77.5% should now.

To learn more about USD/CAD, read the forecast of the Canadian dollar.

In Europe, consumption, ICC measuring the cost of living by comparing the basket of goods and services, including the volatile components increased by 2.6% in February over 2.4% expected gain. A similar increase is predicted now. Meanwhile, Core ICC two volatile components and foodstuffs gained 1.0% in February, less than 1.1% expected and below the 1.1% increase from the previous month.

To learn more about the Euro, read forecast of EUR/USD.

Credit data event: Forex factory

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