Friday, February 18, 2011

Forex Daily Outlook

Fed Chairman Bernanke Speaks in the US and BOE Gov King Speaks in the UK are the highlights of today’s outlook. Let’s see what awaits us today.

G20 Meetings are attended by finance ministers and central bankers from 20 industrialized nations including the G7 nations – Canada, Italy, France, Germany, Japan, the UK, and the US. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is released after the meetings have concluded.

In Canada, Consumer Price Index (CPI) that measures the goods and services purchased by consumers; is about to rise by 0.3% , and the Core CPI (excluding the 8 most volatile items) is about to rise by 0.5%. Consumer prices account for a majority of overall inflation.

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

In Europe, German Producer Price Index (PPI) that measures the goods sold by manufacturers; is about to reduce by 0.1%.

For more on the Euro, read the EUR/USD forecast.

In Great Britain, Bank of England (BOE) Governor Mervyn King due to participate in a panel discussion titled “Global Imbalances and Financial Stability” at the Global Imbalances and Financial Stability Launch Event, in Paris.

More in Retail Sales, total value of inflation-adjusted sales at the retail level; is about to rise by 1.4%. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

Later in Great Britain, Bank of England (BOE), Deputy Governor Paul Tucker due to speak at the Clare College Distinguished Lecture, in Cambridge.

Finally in Britain, Prelim Mortgage Approvals, Number of new mortgages approved for home purchases during the previous month is due to remain 43K.

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

That’s it for today. Happy forex trading!

 source: http://www.fxstreet.com



17 comments:

  1. This was a great read, and very informative.
    I'm gonna follow you =).
    Feel free to visit my blog http://ceonlica.blogspot.com/
    Thanks,

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  2. I hope the g20 meetings accomplish something.

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  3. I hope some progress can be made from the discussions held at the "Global Imbalances and Financial Stability" panel. There are some glaring issues with currency having such a large impact on foreign exports.

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  4. those are some interesting changes

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  5. thats great ! thanks for the information!

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  6. very interesting. thanks for sharing!

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  7. Nothing new under the sun... Made some nice trading today, thought.

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  8. a question with no bad intention: Italy is still in the top 7? i thought their economy got worse last years.
    Very interesting blog :)

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  9. I do hope those meetings they actually accomplish something this time, and not create a war outside!

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  10. Nice insight, hopefully we won't have problems like this in the near future.

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  11. Everything continues the same.

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  12. The fight between the Euro and USD continues!

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