Forex Outlook for the Week Ending October 12th, 2012
Significant economic events which could substantially affect the trading of currencies and forex markets for the week ending October 12th, 2012 are as under:
On Monday, October 8th, 2012, Germany reported its official figures on trade balance, imports, exports and current account along with data on industrial production. In euro zone, data on Sentix investor confidence was released. United Kingdom reported data on Lloyds employment confidence. In Switzerland, figure on unemployment rate and consumer price index was reported. Australia came up with data on foreign reserves and performance of construction index on Monday.
On Tuesday, United States released its data on NIFB Small Business Optimism and IBD/TIPP Economic Optimism. Canada reported its data on housing starts today. In United Kingdom, data on trade balance, manufacturing production and gross domestic product estimate was released.
Australia reported its data on business conditions and business confidence while the Reserve Bank of Australiaâ€™s Deputy Chairman Phillip Lowe addressed at Financial Services Luncheon in Tasmania. Japan came up with official figures on trade balance, current account along with publication of Economic Watchers Survey.
On Wednesday, October 10th, Germany is expected to report its data on wholesale price index while in United States, data on MBA mortgage applications, job openings and wholesale inventories will be published. US Federal Reserveâ€™s official Kocherlakota is also expected to address businesses in Montana. Â Australia will come with data on consumer confidence index while Japan will publish report on machine tool orders.
On Thursday, October 11th, 2012, Germany will publish its data on consumer price index while the European Central Bank will publish its monthly report. In United States, several economic indicators will be released which include data on continuing claims, import price index, initial jobless claims, trade balance and monthly budget statement. The US Energy Department will release its inventories report on crude oil, gasoline and distillates. In Canada, data on housing price index and international merchandize trade will be published.
In Australia, data on participation rate, unemployment rate, employment change and consumer inflation expectations will be reported while Japan is expected to publish data on machine orders, bank lending including trusts and excluding trust and consumer confidence.
On Friday, October 12th, data on industrial production will be published in the euro zone while United States will report data on producer price index and consumer confidence index by University of Michigan. In Australia, the central bankâ€™s official Ellis will address at University of Technology in Sydney. Japan is expected to report its data on domestic corporate goods price index, M2 money supply and tertiary industry index.
Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications.
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