Weekly Outlook for Forex Markets

Major economic events to affect the forex markets for the week ending February 24th, 2012 are as under:

On Monday, Japan reported its data on country’s balance along with data on coincident index and leading index. Markets in United States remained closed in observance of the President’s Day. In United Kingdom data on house prices was published.

Today on Tuesday, In United States, Chicago Fed Nat Activity Index was released. In euro zone data on consumer confidence was published. Switzerland reported its official data on country’s trade balance and Money Supply M3.

In United Kingdom data on public sector net borrowing and public finances was reported. In Australia, the central bank released the minutes of its latest policy meeting while Japan reported the data on industry activity index.

On Wednesday, February 22nd, 2012, German purchasing manager index for manufacturing and services sector will be reported in euro zone while a separate report on PMI for manufacturing and services sector will be reported for the single currency region. Data on industrial new orders will also be released in the euro zone. In United Kingdom, the Bank of England will release the minutes of its latest monetary policy meeting.

United States will report its data on mortgage approvals and existing home sales.

On Thursday, February 23rd, several reports will be published in United States which will include weekly data on initial jobless claims, continuing claims, house price index, data on crude oil supplies and Kansas City Fed Manufacturing activity.

In euro zone, data on business climate and current assessment by German IFO institute will be reported. In United Kingdom, data on loans for house purchase will be reported.

Australia is expected to publish its data on average weekly wages.

On Friday, Germany will report its data on gross domestic product, private consumption, capital investment, exports and imports, government spending and gross fixed capital formation. In United States data on new home sales will be released while University of Michigan will release its report on consumer confidence.

In United Kingdom, data on gross domestic product, government spending, total business investment and trade balance is expected.

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