Forex Outlook for the Week Ending July 20th
Economic factor which could significantly affect the forex markets for the week ending July 20th, 2012 are as under:
On Monday, July 16th, Italy reported its data on trade balance and general government debt while the euro zone region produced data on consumer price index and trade balance. In United States, data on retail sales, business inventories and empire manufacturing was published. Canada reported its data on international securities transactions and existing home sales.
In United Kingdom, data on Rightmove house prices was published while Switzerland published its data on industrial production.
On Tuesday, Germany released its ZEW survey on economic sentiment and current situation while a separate ZEW economic sentiment survey was also published for the single currency region. In United States, data on consumer price index, Net Long-term TIC flows, industrial production, capacity utilization, manufacturing production and housing market index was released. US Federal Reserve’s Chairman, Ben Bernanke also delivered a report on monetary policy to US senate. In Canada, data on manufacturing shipments was reported while the Bank of Canada announced its interest rate decision.
In United Kingdom, data on retail price index, consumer price index and house prices was published.
On Wednesday, July 18th, euro zone reported its official figure on construction output while United States came up with data on MBA mortgage applications, building permits and housing starts was reported. The US Federal Reserve released its Beige Book of economic survey while the Energy Information Administration reported data on crude oil, gasoline and distillates supplies. In Canada, the central bank released the monetary policy report.
United Kingdom produced the data on employment change, unemployment rate, weekly earnings, average weekly earnings, jobless claims change and claimant count rate while the Bank of England published the minutes of its latest monetary policy meeting.
On Thursday, July 19th, euro zone will report its data on the current account. In United States several reports will be published which include data on initial jobless claims, continuing claims, existing home sales, leading indicators and natural gas supplies data by EIA. Canada is expected to report its data on wholesale sales.
United Kingdom is to present its data on retail sales on Thursday while Switzerland will produce data on trade balance.
On Friday, data on German producer prices will be published in the euro zone while in United States, the American Petroleum Institute will publish its monthly report. Canada is expected to report its data on consumer price index.
In United Kingdom, data on net public sector borrowing, public finances and PSNB ex interventions will be released. Australia will report its data on export price index while in Japan data on foreign buying in Japanese bonds & stocks and Japan’s buying in foreign bonds & stocks will be reported.
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