Forex Outlook for the Week Ending August 31st

Weekly outlook of currencies’ trading and Forex markets for the week ending August 31st, 2012 are as below:

On Monday, August 27th, 2012, data on Germany’s import price index, IFO expectations, IFO current assessment and IFO Business Climate was published. France reported net change in jobseekers data. In United States, Dallas’s Federal Reserve reported its manufacturing activity. United Kingdom came up with its hometrack housing survey while Japan produced its figure on total machine tool orders.

On Tuesday, August 28th, 2012, Gfk consumer confidence survey was published in Germany while data on M3 money supply was reported for the euro zone. In United States, S&P/Case-Shiller home price index and S&P/Case-Shiller composite 20 index was released. Data on consumer confidence and manufacturing index was also reported in the US.

In Switzerland UBS consumption indicator was published. Australia came up with data on new home sales while Japan reported data on small business confidence.

On Wednesday, August 29th, data on consumer price index will published in Germany while in the United States, several indicators are expected which will include data on MBA mortgage applications, core personal consumption expenditure, gross domestic product figure, data on personal consumption and data on pending home sales. US Federal Reserve will publish its Beige book economic survey while US Energy Department will report inventories data for crude oil, gasoline and distillates.

In Canada, data on raw materials price index, industrial product price and National Banks HP Index will be produced. Switzerland is expected to release it leading indicator.

On Thursday, August 30th, 2012, Germany will report its unemployment rate and data on unemployment change. In the euro zone, data on services confidence, industrial confidence, economic confidence, consumer confidence and business climate indicator is to be published. United States will report its data on continuing claims, initial jobless claims, personal consumption expenditure, personal spending and personal income. Kansas City Federal Reserve reported its data on manufacturing activity while Energy Information Administration will report its data on natural gas supplies. Canada came is expected to come up with data on current account.

In United Kingdom, data on net consumer credit, mortgage approvals, net lending of Dwellings and M4 money supply will be released. Australia will release its data on private capital expenditure while Japan will report data on loans and discounts, retail trade, foreign buying in Japanese stocks & bonds and Japanese buying in foreign stocks and bonds.

On Friday, August 31st, 2012, data on retail sales will be reported in Germany while Italy will come up with figure of unemployment rate. In the euro zone, data on consumer price index and unemployment rate is expected. Moreover, International Monetary Fund’s official Lagarde will address at Jackson Hole Economic Policy Symposium.

In United States, data on factory orders and Chicago’s purchasing managers’ index is to be reported while University of Michigan will publish its report on consumer confidence. US Federal Reserve’s Chairman will also address at Jackson Hole Economic Policy Symposium. Canada is expected to report its GDP growth rate.

In United Kingdom data on house prices and consumer confidence survey will be published while Bank of England’s officials Haldane and Posen will deliver a speech at Jackson Hole Economic Policy Symposium.

Australia will report its private sector credit while in Japan data on consumer price index, household spending, job to applicant ratio, industrial production, housing starts and construction orders will be published.

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