Released

ISM Non-Manufacturing PMI (USD)

Actual: 56.8   Forecast: 53.1   Previous: 52.6 2012-02-03 4:00:00 pm

Risk-on trades are deemed to weaken the US dollar today as the ISM Non-Manufacturing PMI is estimated to have improved in January. The index gauging services activity in the US is projected to have inclined from 52.6 points to a grade of 53.2, suggesting that demand and hiring in the sector picked up pace during the month. The services industry is the largest and most significant part of the US economy, and continued growth there likely suggests a further acceleration as the new year rolls along. Hence, improving sentiment over the world’s largest economy is presumed to spur risk-on trades, weakening the Greenback in turn.

Released

Factory Orders m/m (USD)

Actual: 1.1   Forecast: 1.5   Previous: 2.2 2012-02-03 4:00:00 pm

The American dollar is expected to decline as the record of the Factory Orders is deemed to drop. The change in the total value of new purchase orders placed with manufacturers decreased by 0.1 percent to 1.8 percent in November from the month’s forecast. However, the reading was a great climb from the -0.2 percent record in the previous month. Although a drop to 1.5 percent is expected in December, which reflects that the purchase orders signal that manufacturers will decrease activity as less work is needed to fill the orders. Thus, the Greenback is more likely expected to be defeated by most of its market opponents.

Released

Non-Farm Employment Change (USD)

Actual: 243   Forecast: 150   Previous: 203 2012-02-03 2:30:00 pm

An upcoming report from the Bureau of Labor Statistics is forecasted to drag the US dollar down. After rising 200,000 in December, the Non Farm Payroll is estimated to show a 156,000 increase in January. The projections are believed to have coincided with the employment expectations in the manufacturing indices of the New York, Philadelphia, and Richmond Federal Reserve Banks and recent ISM Manufacturing PMI which reported their strongest levels in months. Moreover, the initial jobless claims were under the closely watched 400,000 level which likely guarantee of a satisfactory NFP report. This optimism is anticipated to debase the Greenback.

Released

Average Hourly Earnings m/m (USD)

Actual: 0.2   Forecast: 0.2   Previous: 0.1 2012-02-03 2:30:00 pm

The release of the US Average Hourly Earnings figure is unlikely to make the US dollar flutter. Like in the previous month, the January reading is expected to hold at 0.2 percent. With this indicator’s release, it practicably shows no result of the US government’s efforts to kickstart US employment. When companies do not have additional costs to pass on to consumers, prices of goods are likely to stay the same. Thus, the Average Hourly Earnings index is not expected to change the Greenback’s movement.

Released

Unemployment Rate (CAD)

Actual: 7.6   Forecast: 7.5   Previous: 7.5 2012-02-03 1:00:00 pm

The jobs report of Canada is anticipated to effect volatility for the Canadian dollar. In a report by StatsCan to be issued today, economists estimate that the Unemployment Rate will be maintained at 7.5 percent. The jobless increased from 7.4 percent in December despite an increase in employed individuals during the same month. A more awaited jobs report on January's Employment Change is seen to create more volatility for the Loonie.

Released

Employment Change (CAD)

Actual: 2.3   Forecast: 23.3   Previous: 17.5 2012-02-03 1:00:00 pm

The Canadian dollar is anticipated to advance in today’s impending session along with the discharge of the Employment Change fiscal indicator. In the previous release of the report, the quantity of employed during the previous month added up to 17,500 new jobs to the labor sector, which is a good way to end the year on a positive note. To add to the optimism for the labor sector of Canada, the forecast for the imminent release is at 23,500 newly employed individuals. This is the highest development since September of last year. The labor sector makes up the majority of the consumer spending of the nation, hence improving labor conditions push for a healthier economy. As a result, the Loonie is likely to heighten in the coming exchanges.

Released

Retail Sales m/m (EUR)

Actual: -0.4   Forecast: 0.4   Previous: -0.4 2012-02-03 11:00:00 am

For the upcoming trades, the release of Euro Zone's Retail Sales is deemed to spark a bullish reaction on the Euro as it is projected to recover. As per median forecast, the total value of inflation-adjusted sales at the retail level is likely to boost by 0.4 percent in December, recuperating from the 0.8 percent fall in the previous month. Such convalescence is attributable to a slight resiliency in consumer spending as households become more optimistic that the European leaders are likely to resolve the debt crisis. As a consequence, it possibly encourages more investors from entering the region’s retail industry, assisting a bullish pattern on the common currency. Thus, look forward to an ascending movement of the 17-nation currency today.

Released

Services PMI (GBP)

Actual: 56.0   Forecast: 53.5   Previous: 54.0 2012-02-03 10:30:00 am

Progressive news on the economy is looked ahead this week from Great Britain. Services Purchasing Managers' Index this month is likely to post in an optimistic picture in comparison to the dull official data last month. The economic report is foreseen to clock in with a 53.6 point well above expectations in its level of diffusion index based on surveyed purchasing managers in the services industry. A reading higher than the market prediction is bullish for the Sterling.

Released

AIG Services Index (AUD)

Actual: 51.9   Forecast: N/A   Previous: 49.0 2012-02-02 11:20:00 pm

The Australian dollar is deemed to demonstrate a volatile nature during trades today given the absence of a forecast in the upcoming Service Index prepared by the Australian Industry Group. The previous figure shows that the index is below the 50.0 level which points to an industry contraction to the region. The last time that the indicator managed to reach above the midlevel was back in September with 50.3 points. Since then the index has remained below the midlevel pointing out industry contraction. If the actual figure during the release remains on the same trend, then the Aussie is expected to dwindle. On the other hand, if the indicator finally manages to squeeze over the midlevel, anticipate the Aussie to gain value. Hence, the Australian dollar is foreknown to exhibit volatility in trades on this day.

Released

Fed Chairman Bernanke Testifies (USD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-02-02 4:00:00 pm

Federal Reserve Board Chairman Ben Bernanke is scheduled to testify before the House Budget Committee on the US economic outlook. Bernanke is likely to be asked to assess the state of the US recovery, the central challenges facing American fiscal policy, the economic impact of Europe's economic and political struggles, and the Fed's recent conduct of monetary policy. Consider high volatility as his statements provide direction to the Greenback.

Released

Unemployment Claims (USD)

Actual: 367   Forecast: 373   Previous: 379 2012-02-02 2:30:00 pm

The release of the prior week’s Unemployment Claims data is inclined of pushing up the US dollar. From 356,000 claims in the week before, the number of US citizens filing new claims for jobless benefits spiked in the 3rd week of January to 377,000. Economists claimed that unemployment figures have the tendency to be volatile at the beginning of the year and the general trend is unlikely to be shaken as of now despite this reading surpassing the 371,000 estimation. For the final week of January, a cutback to 371,000 claims is expected again. If the forecast holds true, the overall economic conditions of America is still sound fundamentally. With that, the US Unemployment Claims report is laudable to press the Greenback northwards.

Released

Construction PMI (GBP)

Actual: 51.4   Forecast: 52.8   Previous: 53.2 2012-02-02 10:30:00 am

The British pound is likely in for slight losses as the UK construction sector is believed to have slowed marginally in the previous month. The Construction PMI is projected to dip from 53.2 points to 53.0 in January. The decline is largely in line with ongoing speculation that the UK is apt to enter a double-dip recession this year after the economy contracted by 0.2 percent in Q4 of 2011. With consumer confidence debilitated by weak job growth and increasing uncertainty amid the Euro Zone debt crisis, demand for construction projects is foreseen to have weakened. Hence, on sustained bleak outlooks for the UK economy, the Sterling is presumed to decline today.

Released

Trade Balance (CHF)

Actual: 2.07   Forecast: 2.85   Previous: 2.95 2012-02-02 8:00:00 am

The Swiss franc is anticipated to decrease its valuations as the record of the nation’s Trade Balance is to be made public. The difference in value between imported and exported goods in November unexpectedly soared to 2.95 Billion, which was greater by 0.48 Billion from the month’s forecast. In addition, the record in November was a huge immense by 0.79 Billion worth of goods and services exported by Switzerland from the 2.16 Billion record in the preceding month. However, a 10.0 Billion drop to 2.85 Billion is expected in December, which reflects that the problems in the global market may have severe adverse effects to Switzerland’s international trade. Thus, the Swissie is more likely expected to trounce.

Released

Trade Balance (AUD)

Actual: 1.71   Forecast: 1.22   Previous: 1.34 2012-02-02 1:30:00 am

A strong export performance of Australia boosted the Australian dollar opposite its most traded peers. In the most recent report of the Australian Bureau of Statistics, the International Trade in Goods and Services in December jumped AUD1.709 Billion month-on-month from AUD1.343 Billion in November. Because of the slowdown in Chinese economic activity, the market forecasted of an AUD1.2 Billion trade surplus in the month. However, the report surprised the market on the upside and was priced in the exchanges as the AUDUSD advanced 50 pips in less than two hours to reach a five-month high amid the strong economic performance of Australia withstanding the European debt crisis and Chinese economic deceleration.

Released

Building Approvals m/m (AUD)

Actual: -1.0   Forecast: 2.1   Previous: 10.1 2012-02-02 1:30:00 am

The depreciation of the Australian dollar is believed to have been driven by the reduced number of Building Approvals in the country. The latest report from the Australian Bureau of Statistics showed that the trend in the total dwelling units approved sank 1.8 percent in December from the prior month to a seasonally-adjusted 11,443 units. Private sector homes marginally rose 0.2 percent but the private sector dwelling units excluding homes declined 2.0 percent. Even worse, Building Approvals was at most a quarter lower from the same period in the previous year, highly suggestive of the worsening conditions of the Australian housing market whose home selling prices fell 3.4 percent in the last quarter of 2011.

Released

Crude Oil Inventories (USD)

Actual: 4.2   Forecast: 3.2   Previous: 3.6 2012-02-01 4:30:00 pm

The upcoming record of the Crude Oil Inventories expects the American dollar to drop. The change in the number of barrels of crude oil held in inventory by commercial firms during the second week of January climbed to 3.6 Million, which was 2.7 Million greater than what economists had expected. The reading was also a relieve from the preceding month’s deficit at -3.4 Million barrels. However, the Crude Stocks are again expected to decrease to 3.2 Million for the last week of January, anticipating oil prices to soar once again and costs of businesses to grow. In effect, the gasoline prices that are expected to move back up perceive a cut into household budgets and their purchasing power, making the economy slow down its growth as the price of oil erode the wealth of families and the private sector while they seek to rebuild savings and try to increase capital. Thus, the Greenback is more likely presumed to be bearish.

Released

ISM Manufacturing PMI (USD)

Actual: 54.1   Forecast: 54.6   Previous: 53.9 2012-02-01 4:00:00 pm

The US dollar is perceived to weaken on risk-off trades today as the ISM Manufacturing PMI is projected to reveal another expansion in factory activity in January. The index is estimated to increase from 53.9 points to 54.6 last month, potentially its fastest growth in seven months. Increasing consumer and business confidence at home, as well as ameliorating demand abroad, are believed to have forced US manufacturers to increase activity. As such, the continued improvement in manufacturing is estimated to provide a further boost to jobs and to the overall economy. Hence, on continued optimism over the recovery path of the world’s largest economy, the Greenback is apt to decline on enhanced market sentiment.

Released

ADP Non-Farm Employment Change (USD)

Actual: 170   Forecast: 189   Previous: 292 2012-02-01 2:15:00 pm

The ADP Non-Farm Employment Change report is perceived to tumble in today’s release and make the US dollar depreciate. After the 204,000-reading in November, ADP Non-Farm Payrolls registered a climb of 325,000 new jobs in the private sector during December. Analysts have anticipated only 176,000 new workers added to the labor force, which makes the previous figure considerably, showing good results in jumpstarting the US job market. For January, only 193,000 new additions are forecasted. The 193,000 figure is huge letdown for bullish US investors and economists despite the indicator consistently showing positive numbers. A disappointing reading like this is likely to hamper employment boosting measures with curbing unemployment as a primary concern of the US government. Hence, the ADP Non-Farm Payrolls report is inferable to subdue the Greenback.

Released

SVME PMI (CHF)

Actual: 47.3   Forecast: 51.7   Previous: 49.1 2012-02-01 9:30:00 am

The upcoming release of SVME PMI is believed to spark a bearish reaction on the Swiss franc for the looming trades as it is forecasted to increase. As per median estimation, the level of a diffusion index based on surveyed purchasing managers is likely to boost to 51.7 points in January, accelerating from the 50.7 points recorded in the previous month. Such augmentation suggests expansion of various industries in the country amid the impact of the Euro-area crisis, as the pegged exchange rate assists better earning’s outlook for companies. This better condition of Swiss economy is likely to add strength on the Swissie today.

Released

Retail Sales y/y (CHF)

Actual: 0.6   Forecast: 1.6   Previous: 1.8 2012-02-01 9:15:00 am

The Swiss franc is presumed to incline in today's exchanges, as the Retail Sales data is due for release today, and is projected to have a reading of 1.6 percent in December. November's reading came in positively at 1.8 percent, after the negative readings from August to October of 2011. Given that the expected reading is still likely to remain in the positive territory, the Franc is presumed to go up in today's trading session.

Released

Nationwide HPI m/m (GBP)

Actual: -0.2   Forecast: -0.1   Previous: -0.2 2012-02-01 8:00:00 am

The Great British pound is presumed to drop in today's trades as the data on Nationwide HPI is due for release, and is projected to have a reading of minus 0.1 percent in January, following the negative reading in December. The indicator dropped last month to minus 0.2 percent, the lowest reading since September 2011, following its incline to 0.4 percent the month before. Another negative reading from this indicator is believed to spark a bearish reaction on the Pound.

Released

Commodity Prices y/y (AUD)

Actual: 6.0   Forecast: N/A   Previous: 9.6 2012-02-01 6:30:00 am

Prices for commodity exports increased in January, though weaker than the past two years, which led to hurt prospects of the Australian dollar. The Reserve Bank of Australia reported that over the past year, the index rose by 6 percent, after a stronger rise of 9.6 percent for the previous month, on an annual spread. It can be observed that the average selling price of the country's main commodity exports have been on a wane as global economic worries compound. As a result of this, weak valuation is seen for the Aussie.

Released

Average Cash Earnings y/y (JPY)

Actual: -0.2   Forecast: -0.3   Previous: -0.2 2012-02-01 2:30:00 am

The Japanese yen is anticipated to show gains throughout the day in relation to the earlier released Average Cash Earnings economic indicator. The fiscal index is released by the Ministry of Health, Labour and Welfare of Japan. In the previous report, the index showed a statistic of -0.2 percent. In today’s release, it seems that the index is starting to stabilize as the actual figure is lower than that of the projected figure by economists. The indicator landed on the -0.2 percentage level once again which is a better figure than the projected -0.3 percent. Thus, the Samurai is anticipated to go up for the day.

Released

HIA New Home Sales m/m (AUD)

Actual: -4.9   Forecast: N/A   Previous: 4.4 2012-02-01 1:00:00 am

For the looming exchanges, the Australian dollar is deemed create cutback against its basket of adversaries as the earlier release of HIA New Home Sales showed deterioration. According to the earlier report, the number of newly constructed homes sold fell by 4.9 percent in December, diving further below the revised 4.4 percent drop in the previous month. Such decline was attributable to weak consumer spending as household remains cautious in spending money amid the extreme economic uncertainty. As an upshot, such gloomy statistics is likely to further deter investors from entering the nation’s housing industry, driving down the Aussie. With such view, a bearish Aussie is expected today.

Released

CB Consumer Confidence (USD)

Actual: 61.1   Forecast: 68.2   Previous: 64.8 2012-01-31 4:00:00 pm

Consumer data for release today is seen to drive the valuation of the US dollar higher. In a positive sign that improvements in the labor market have ameliorated consumer outlooks, the Conference Board's Consumer Confidence index is projected to reach an eleven-month high in January. The index is estimated to rise from 64.5 points to 68.2 points this month, potentially its highest reading since February 2011. With confidence on the rise, consumer spending, a sector which comprises about 70 percent of the economy, is apt to accelerate further. Hence, anticipate appreciation for the Greenback, as a result.

Released

Chicago PMI (USD)

Actual: 60.2   Forecast: 63.1   Previous: 62.5 2012-01-31 3:45:00 pm

The Chicago Business Barometer Purchasing Managers' Index is presumed to clock in with an increment today. An estimated 63.1 points from a survey of purchasing managers in Chicago and increase in the data about the prices of the products manufactured and their reserves in warehouses, is foreseen. The index volume is presumed to go beyond the level of 45 units which means that there are positive shifts and the pace of economic development has increased. A rise in the Chicago PMI leads to a rise in the US dollar.

Released

S&P/CS Composite-20 HPI y/y (USD)

Actual: -3.7   Forecast: -3.3   Previous: -3.4 2012-01-31 3:00:00 pm

The US dollar is anticipated to go down in the upcoming American session due to the pessimistic outlook on the Standard & Poor’s Composite-20 House Price Index. In the previous release of the aforementioned indicator, its figure fell by 3.4 percent for the month of October. The index has been declining since September of the year 2010. In the forthcoming release of the housing sector indicator, the selling price of single-family homes in 20 metropolitan areas is anticipated to fall by 3.3 percent, another decline to the index despite having a lesser figure than that of its predecessor. This means that houses are continually declining in market prices and thus tends to repel investors to invest on the housing industry of America. Hence, with the fall of the Standard & Poor’s Composite-20 HPI, the US dollar is foreknown to decline as well.

Released

Employment Cost Index q/q (USD)

Actual: 0.4   Forecast: 0.4   Previous: 0.3 2012-01-31 2:30:00 pm

With the help of today’s release of the US Employment Cost Index, the US dollar is projected to propel. From 0.3 percent in the prior quarter, the fourth quarter figure is foreseen to move up by a tad to 0.4 percent. Amid the deficit crisis the nation faces, the ability of US companies to pay higher wages for workers validates the US economy’s renewed pace in the final quarter of last year, which gave a more positive outlook moving forward in year 2012. Thus, the Employment Cost Index is foreknown to help the Greenback zip uphill.

Released

RMPI m/m (CAD)

Actual: -2.4   Forecast: -0.1   Previous: 3.8 2012-01-31 2:30:00 pm

The release by Statistics Canada today is perceived to hurt the valuation of the Canadian dollar. Following an optimistic increase of 3.8 percent last November, economists estimate a decline of 0.1 percent for December. This change in the price of raw materials purchased by manufacturers points to slower inflation. Considering this, weak expectations are likely to result for the Loonie.

Released

GDP m/m (CAD)

Actual: -0.1   Forecast: 0.2   Previous: 0.0 2012-01-31 2:30:00 pm

For the incoming trading session, the Gross Domestic Product of Canada is looked ahead to be posted today. It is estimated to boost to a figure of 0.2 percent in its change in the inflation-adjusted value of all goods and services produced by the economy. This prop up from Statistics Canada depicts optimistic economic activity and a healthy economy.

Released

Unemployment Rate (EUR)

Actual: 10.4   Forecast: 10.4   Previous: 10.4 2012-01-31 11:00:00 am

The Euro is presumed to go down in today's trading exchanges, as the Unemployment Rate data is scheduled for release, and is anticipated to come in at 10.4 percent in January, from the 10.3 percent reading in the previous month. While Germany continues to enjoy the drop in the number of jobless people, other European countries are suffering from high unemployment, which drags the figure for this indicator. Considering the foregoing, the single currency is deemed to weaken in today's trades.

Released

Net Lending to Individuals m/m (GBP)

Actual: 0.4   Forecast: 1.2   Previous: 1.0 2012-01-31 10:30:00 am

The Great British pound is presumed to go up in today's trades, as the data on Net Lending to Individuals is set to be released, and is expected to rise modestly to 1.2 Billion in January, from the 1 Billion reading in the previous month. The rise in this indicator is believed to signify that lenders are comfortable issuing loans, and that consumers are confident and eager to spend money, thereby boosting economic activity. As such, the Sterling is presumed to go up in today’s trades.

Released

German Unemployment Change (EUR)

Actual: -34   Forecast: -8   Previous: -25 2012-01-31 9:55:00 am

Continuous decline in the number of jobless individuals in Germany is believed to have improved appetite for the Euro. According to the Destatis, the German Unemployment Change in January fell 34,000. This came after a 23,000 drop in November and 25,000 decline in December. Because of the large decrease, the unemployment rate was effectively trimmed 10 basis points to 6.7 percent during the same month, the lowest level since the German reunification. The recent report revealed the strength in the German economy amid the ongoing debt crisis in the region pumping up more manpower demand to feed the growing needs of its industrial and service centers.

Released

French Consumer Spending m/m (EUR)

Actual: -0.7   Forecast: 0.3   Previous: 0.1 2012-01-31 8:45:00 am

The release of the French Consumer Spending report showed a negative reading in the month of December, posting at minus 0.7 percent, from the positive reading of 0.1 percent in the previous month. According to the National Institute of Statistics and Economic Studies, the decrease is mainly imputable to that of food and energy products. It was reported that consumption in food products decreased by 1 percent, while consumption in energy products decreased by minus 2.7 percent. Thus, the shared currency is anticipated to weaken due to this economic release.

Released

German Retail Sales m/m (EUR)

Actual: -1.4   Forecast: 0.9   Previous: -1.0 2012-01-31 8:00:00 am

The latest release of the German Retail Sales data revealed an unexpected decline in December, as consumer spending was dampened by the uncertainties reigning in the European region. According to the Federal Statistics Office, sales adjusted for inflation and seasonal swings declined to 1.4 percent in December, signifying that the European debt crisis caused consumers to hold back on spending during the Christmas season. As such, the shared currency is presumed to be negatively affected by the fall in German retail sales.

Released

UBS Consumption Indicator (CHF)

Actual: 0.92   Forecast: N/A   Previous: 0.78 2012-01-31 8:00:00 am

The next release of the UBS Consumption Indicator is deemed to bring about volatility toward the Swiss franc. Last October, the level of the composite index based on 5 consumer-based economic indicators climbed to 0.90 points, but then dropped to 0.81 points the following month, which was noted to have been the second lowest reading since October 2009. The economic indicators that reflect to be critical for economic growth may adversely affect the Swiss franc, if a further drop is seen for December, the market may also follow a downhill movement. Thus, the Swissie is more likely deemed to be bearish.

Released

Private Sector Credit m/m (AUD)

Actual: 0.3   Forecast: 0.3   Previous: 0.3 2012-01-31 1:30:00 am

The approaching release of the Private Sector Credit record is expected to increase the demand for the Australian dollar. Last December, the change in the total value of new credit issued to consumers and businesses expectedly climbed to 0.3 percent, which reflects the stability of Australian banks as borrowing and spending have increased. Another immense is projected to 0.4 percent, which further mirrors that consumers and businesses feel more comfortable spending money as the outlook of Australia may have grew more optimistic. Thus, the rising confidence of businesses future financial position accordingly alleges a bullish Aussie.

Released

NAB Business Confidence (AUD)

Actual: 3   Forecast: N/A   Previous: 2 2012-01-31 1:30:00 am

The Australian dollar is presumed to move with volatility today as the National Australia Bank Limited’s Business Confidence index for December is on tap for release. Last month, the index gauging business conditions and sentiment maintained a 2-point reading to suggest slight improvements in business conditions. However, analysts say that the relatively strong Australian dollar has likely debilitated sales of certain industries like manufacturing and tourism, while uncertainty delivered by the Euro Zone debt crisis has made business executives and investors more cautious in hiring and spending. Hence, should the report highlight deteriorating business confidence, the Aussie is deemed to fall today.

Released

GfK Consumer Confidence (GBP)

Actual: -29   Forecast: -31   Previous: -33 2012-01-31 1:01:00 am

Slight losses are expected for the British pound today as the GfK Consumer Confidence report is deemed to report continued pessimism among Britons. The index gauging consumer sentiment is presumed to come in at -31 points this month, slightly better than the -33 points registered in the previous month. With job prospects still bleak, government austerity measures underway, and the Euro Zone debt crisis providing still high uncertainty, weak consumer spending is foreseen to further clout prospects for the British economy, which contracted by 0.2 percent in the December quarter of 2011. Hence, expect the Sterling to edge down on increasing likelihood for the UK to enter a recession.

Released

Building Consents m/m (NZD)

Actual: 2.1   Forecast: N/A   Previous: -6.2 2012-01-30 10:45:00 pm

The release of the Building Consents index is apt to boost the volatility of the New Zealand dollar. After gaining by 10.7 percent in the previous month, the New Zealand building consents index has declined by 6.4 percent to 1,187 in November. A 92-percent decline in South Island is believed to be the main cause for this drop. Despite that, the housing market looks satisfactory overall. It is hard to forecast its movement judging from the indicator’s erratic trend. However, reconstruction efforts in the country are underway, which are likely inclined to bolster this data. Hence, the Building Consents figure is presumed to make the Kiwi flutter.

Released

Personal Spending m/m (USD)

Actual: 0.0   Forecast: 0.2   Previous: 0.1 2012-01-30 2:30:00 pm

The Personal Spending data revealed no change in the figure for December, as American consumers took advantage of the increase in incomes to restore their used up savings, indicating that households remain focused on restoring their funds. Based on the report released by the Commerce Department, purchases were little changed after rising to 0.1 percent in the previous month. Given that Americans opt to save more and spend less, which is likely to adversely affect the economy, the US dollar is presumed to move bearishly due to limited spending.

Released

Core PCE Price Index m/m (USD)

Actual: 0.2   Forecast: 0.1   Previous: 0.1 2012-01-30 2:30:00 pm

The Bureau of Economic Analysis is scheduled to post little change in the December Core PCE Price Index today, believed to have little effect on the US dollar's price valuation. The median estimate is for another 0.1 percent change for the said month. Even though this is a more targeted measure of inflation, the weight of this report is deemed to be minute, especially as there is no foreseen significant change. In effect, expect small volatility arising from this release.

Released

EU Economic Summit (EUR)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-30 7:00:00 am

Today, the Euro is anticipated to show significant volatility considering that the European Union Economic Summit is currently being held in Brussels. The European Union head of states are joined by the leaders of the European Central Bank to discuss the current situation and possible economic solutions to the long-dragging Euro Zone crisis. As long as no reports concerning the decision made during this summit is made public, the movement of the single currency is expected to fluctuate and show significant movements today. Therefore, anticipate this public engagement of economic leaders to cause volatility not only to the common currency but to the entire foreign exchange market as well.

Released

German Prelim CPI m/m (EUR)

Actual: N/A   Forecast: -0.4   Previous: 0.7 2012-01-30 7:00:00 am

In the most recent publication of the German Prelim Consumer Price Index, the economic data from Destatis clocked in as expected at a lower figure of -0.4 percent. The decline in the change in the price of goods and services purchased by consumers implies that there is a wane in overall inflation. Further, lower inflation leads to a decrease in prices which in turn prompts the central bank to lower interest rates out of respect for their inflation containment mandate. Hence, deem for a dawdle down for the Euro today.

Upcoming

ISM Non-Manufacturing PMI (USD)

Actual: 56.8   Forecast: 53.1   Previous: 52.6 2012-02-03 4:00:00 pm

Risk-on trades are deemed to weaken the US dollar today as the ISM Non-Manufacturing PMI is estimated to have improved in January. The index gauging services activity in the US is projected to have inclined from 52.6 points to a grade of 53.2, suggesting that demand and hiring in the sector picked up pace during the month. The services industry is the largest and most significant part of the US economy, and continued growth there likely suggests a further acceleration as the new year rolls along. Hence, improving sentiment over the world’s largest economy is presumed to spur risk-on trades, weakening the Greenback in turn.

Upcoming

Factory Orders m/m (USD)

Actual: 1.1   Forecast: 1.5   Previous: 2.2 2012-02-03 4:00:00 pm

The American dollar is expected to decline as the record of the Factory Orders is deemed to drop. The change in the total value of new purchase orders placed with manufacturers decreased by 0.1 percent to 1.8 percent in November from the month’s forecast. However, the reading was a great climb from the -0.2 percent record in the previous month. Although a drop to 1.5 percent is expected in December, which reflects that the purchase orders signal that manufacturers will decrease activity as less work is needed to fill the orders. Thus, the Greenback is more likely expected to be defeated by most of its market opponents.

Upcoming

Non-Farm Employment Change (USD)

Actual: 243   Forecast: 150   Previous: 203 2012-02-03 2:30:00 pm

An upcoming report from the Bureau of Labor Statistics is forecasted to drag the US dollar down. After rising 200,000 in December, the Non Farm Payroll is estimated to show a 156,000 increase in January. The projections are believed to have coincided with the employment expectations in the manufacturing indices of the New York, Philadelphia, and Richmond Federal Reserve Banks and recent ISM Manufacturing PMI which reported their strongest levels in months. Moreover, the initial jobless claims were under the closely watched 400,000 level which likely guarantee of a satisfactory NFP report. This optimism is anticipated to debase the Greenback.

Upcoming

Average Hourly Earnings m/m (USD)

Actual: 0.2   Forecast: 0.2   Previous: 0.1 2012-02-03 2:30:00 pm

The release of the US Average Hourly Earnings figure is unlikely to make the US dollar flutter. Like in the previous month, the January reading is expected to hold at 0.2 percent. With this indicator’s release, it practicably shows no result of the US government’s efforts to kickstart US employment. When companies do not have additional costs to pass on to consumers, prices of goods are likely to stay the same. Thus, the Average Hourly Earnings index is not expected to change the Greenback’s movement.

Upcoming

Unemployment Rate (CAD)

Actual: 7.6   Forecast: 7.5   Previous: 7.5 2012-02-03 1:00:00 pm

The jobs report of Canada is anticipated to effect volatility for the Canadian dollar. In a report by StatsCan to be issued today, economists estimate that the Unemployment Rate will be maintained at 7.5 percent. The jobless increased from 7.4 percent in December despite an increase in employed individuals during the same month. A more awaited jobs report on January's Employment Change is seen to create more volatility for the Loonie.

Upcoming

Employment Change (CAD)

Actual: 2.3   Forecast: 23.3   Previous: 17.5 2012-02-03 1:00:00 pm

The Canadian dollar is anticipated to advance in today’s impending session along with the discharge of the Employment Change fiscal indicator. In the previous release of the report, the quantity of employed during the previous month added up to 17,500 new jobs to the labor sector, which is a good way to end the year on a positive note. To add to the optimism for the labor sector of Canada, the forecast for the imminent release is at 23,500 newly employed individuals. This is the highest development since September of last year. The labor sector makes up the majority of the consumer spending of the nation, hence improving labor conditions push for a healthier economy. As a result, the Loonie is likely to heighten in the coming exchanges.

Upcoming

Retail Sales m/m (EUR)

Actual: -0.4   Forecast: 0.4   Previous: -0.4 2012-02-03 11:00:00 am

For the upcoming trades, the release of Euro Zone's Retail Sales is deemed to spark a bullish reaction on the Euro as it is projected to recover. As per median forecast, the total value of inflation-adjusted sales at the retail level is likely to boost by 0.4 percent in December, recuperating from the 0.8 percent fall in the previous month. Such convalescence is attributable to a slight resiliency in consumer spending as households become more optimistic that the European leaders are likely to resolve the debt crisis. As a consequence, it possibly encourages more investors from entering the region’s retail industry, assisting a bullish pattern on the common currency. Thus, look forward to an ascending movement of the 17-nation currency today.

Upcoming

Services PMI (GBP)

Actual: 56.0   Forecast: 53.5   Previous: 54.0 2012-02-03 10:30:00 am

Progressive news on the economy is looked ahead this week from Great Britain. Services Purchasing Managers' Index this month is likely to post in an optimistic picture in comparison to the dull official data last month. The economic report is foreseen to clock in with a 53.6 point well above expectations in its level of diffusion index based on surveyed purchasing managers in the services industry. A reading higher than the market prediction is bullish for the Sterling.

Upcoming

AIG Services Index (AUD)

Actual: 51.9   Forecast: N/A   Previous: 49.0 2012-02-02 11:20:00 pm

The Australian dollar is deemed to demonstrate a volatile nature during trades today given the absence of a forecast in the upcoming Service Index prepared by the Australian Industry Group. The previous figure shows that the index is below the 50.0 level which points to an industry contraction to the region. The last time that the indicator managed to reach above the midlevel was back in September with 50.3 points. Since then the index has remained below the midlevel pointing out industry contraction. If the actual figure during the release remains on the same trend, then the Aussie is expected to dwindle. On the other hand, if the indicator finally manages to squeeze over the midlevel, anticipate the Aussie to gain value. Hence, the Australian dollar is foreknown to exhibit volatility in trades on this day.

Upcoming

Fed Chairman Bernanke Testifies (USD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-02-02 4:00:00 pm

Federal Reserve Board Chairman Ben Bernanke is scheduled to testify before the House Budget Committee on the US economic outlook. Bernanke is likely to be asked to assess the state of the US recovery, the central challenges facing American fiscal policy, the economic impact of Europe's economic and political struggles, and the Fed's recent conduct of monetary policy. Consider high volatility as his statements provide direction to the Greenback.

Upcoming

Unemployment Claims (USD)

Actual: 367   Forecast: 373   Previous: 379 2012-02-02 2:30:00 pm

The release of the prior week’s Unemployment Claims data is inclined of pushing up the US dollar. From 356,000 claims in the week before, the number of US citizens filing new claims for jobless benefits spiked in the 3rd week of January to 377,000. Economists claimed that unemployment figures have the tendency to be volatile at the beginning of the year and the general trend is unlikely to be shaken as of now despite this reading surpassing the 371,000 estimation. For the final week of January, a cutback to 371,000 claims is expected again. If the forecast holds true, the overall economic conditions of America is still sound fundamentally. With that, the US Unemployment Claims report is laudable to press the Greenback northwards.

Upcoming

Construction PMI (GBP)

Actual: 51.4   Forecast: 52.8   Previous: 53.2 2012-02-02 10:30:00 am

The British pound is likely in for slight losses as the UK construction sector is believed to have slowed marginally in the previous month. The Construction PMI is projected to dip from 53.2 points to 53.0 in January. The decline is largely in line with ongoing speculation that the UK is apt to enter a double-dip recession this year after the economy contracted by 0.2 percent in Q4 of 2011. With consumer confidence debilitated by weak job growth and increasing uncertainty amid the Euro Zone debt crisis, demand for construction projects is foreseen to have weakened. Hence, on sustained bleak outlooks for the UK economy, the Sterling is presumed to decline today.

Upcoming

Trade Balance (CHF)

Actual: 2.07   Forecast: 2.85   Previous: 2.95 2012-02-02 8:00:00 am

The Swiss franc is anticipated to decrease its valuations as the record of the nation’s Trade Balance is to be made public. The difference in value between imported and exported goods in November unexpectedly soared to 2.95 Billion, which was greater by 0.48 Billion from the month’s forecast. In addition, the record in November was a huge immense by 0.79 Billion worth of goods and services exported by Switzerland from the 2.16 Billion record in the preceding month. However, a 10.0 Billion drop to 2.85 Billion is expected in December, which reflects that the problems in the global market may have severe adverse effects to Switzerland’s international trade. Thus, the Swissie is more likely expected to trounce.

Upcoming

Trade Balance (AUD)

Actual: 1.71   Forecast: 1.22   Previous: 1.34 2012-02-02 1:30:00 am

A strong export performance of Australia boosted the Australian dollar opposite its most traded peers. In the most recent report of the Australian Bureau of Statistics, the International Trade in Goods and Services in December jumped AUD1.709 Billion month-on-month from AUD1.343 Billion in November. Because of the slowdown in Chinese economic activity, the market forecasted of an AUD1.2 Billion trade surplus in the month. However, the report surprised the market on the upside and was priced in the exchanges as the AUDUSD advanced 50 pips in less than two hours to reach a five-month high amid the strong economic performance of Australia withstanding the European debt crisis and Chinese economic deceleration.

Upcoming

Building Approvals m/m (AUD)

Actual: -1.0   Forecast: 2.1   Previous: 10.1 2012-02-02 1:30:00 am

The depreciation of the Australian dollar is believed to have been driven by the reduced number of Building Approvals in the country. The latest report from the Australian Bureau of Statistics showed that the trend in the total dwelling units approved sank 1.8 percent in December from the prior month to a seasonally-adjusted 11,443 units. Private sector homes marginally rose 0.2 percent but the private sector dwelling units excluding homes declined 2.0 percent. Even worse, Building Approvals was at most a quarter lower from the same period in the previous year, highly suggestive of the worsening conditions of the Australian housing market whose home selling prices fell 3.4 percent in the last quarter of 2011.

Released

Building Consents m/m (NZD)

Actual: 2.1   Forecast: N/A   Previous: -6.2 2012-01-30 10:45:00 pm

The release of the Building Consents index is apt to boost the volatility of the New Zealand dollar. After gaining by 10.7 percent in the previous month, the New Zealand building consents index has declined by 6.4 percent to 1,187 in November. A 92-percent decline in South Island is believed to be the main cause for this drop. Despite that, the housing market looks satisfactory overall. It is hard to forecast its movement judging from the indicator’s erratic trend. However, reconstruction efforts in the country are underway, which are likely inclined to bolster this data. Hence, the Building Consents figure is presumed to make the Kiwi flutter.

Released

Personal Spending m/m (USD)

Actual: 0.0   Forecast: 0.2   Previous: 0.1 2012-01-30 2:30:00 pm

The Personal Spending data revealed no change in the figure for December, as American consumers took advantage of the increase in incomes to restore their used up savings, indicating that households remain focused on restoring their funds. Based on the report released by the Commerce Department, purchases were little changed after rising to 0.1 percent in the previous month. Given that Americans opt to save more and spend less, which is likely to adversely affect the economy, the US dollar is presumed to move bearishly due to limited spending.

Released

Core PCE Price Index m/m (USD)

Actual: 0.2   Forecast: 0.1   Previous: 0.1 2012-01-30 2:30:00 pm

The Bureau of Economic Analysis is scheduled to post little change in the December Core PCE Price Index today, believed to have little effect on the US dollar's price valuation. The median estimate is for another 0.1 percent change for the said month. Even though this is a more targeted measure of inflation, the weight of this report is deemed to be minute, especially as there is no foreseen significant change. In effect, expect small volatility arising from this release.

Released

EU Economic Summit (EUR)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-30 7:00:00 am

Today, the Euro is anticipated to show significant volatility considering that the European Union Economic Summit is currently being held in Brussels. The European Union head of states are joined by the leaders of the European Central Bank to discuss the current situation and possible economic solutions to the long-dragging Euro Zone crisis. As long as no reports concerning the decision made during this summit is made public, the movement of the single currency is expected to fluctuate and show significant movements today. Therefore, anticipate this public engagement of economic leaders to cause volatility not only to the common currency but to the entire foreign exchange market as well.

Released

German Prelim CPI m/m (EUR)

Actual: N/A   Forecast: -0.4   Previous: 0.7 2012-01-30 7:00:00 am

In the most recent publication of the German Prelim Consumer Price Index, the economic data from Destatis clocked in as expected at a lower figure of -0.4 percent. The decline in the change in the price of goods and services purchased by consumers implies that there is a wane in overall inflation. Further, lower inflation leads to a decrease in prices which in turn prompts the central bank to lower interest rates out of respect for their inflation containment mandate. Hence, deem for a dawdle down for the Euro today.

Released

WEF Annual Meetings (All)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-29 7:00:00 am

For the imminent trades, the major world currencies is presumed to experience a volatile exchanges against their basket of adversaries as the yesterday’s continuation of the World Economic Forum is believed to have an extensive impact in the market today. Demand for high-yielding currencies is likely to sap as global finance chiefs warned that no economy is safe in the Euro-are sovereign debt crisis, adding urgency to their calls for its governments to deliver a swift resolution. Such sentiment showed worries about the global economy that has been tailed off by the said crisis. Delegates in the said event believed that a failure to deliver homespun solutions would cost Europe any chance of further outside support and weaken the International Monetary Fund’s push for more crisis-fighting resources of its own. Thereby, expect safe haven currencies to advance today.

Released

Revised UoM Consumer Sentiment (USD)

Actual: 75.0   Forecast: 74.2   Previous: 74.0 2012-01-27 3:55:00 pm

A steady increase in the consumer confidence in the US is anticipated to drain the demand for the US dollar. After surprising the market on the upside in the initial report, the Consumer Sentiment index from the University of Michigan is believed to be revised at even higher grade of 74.2 points from 74.0 points this month. The continuous boost is believed to have come from falling number of jobless claims due to the accelerating hiring process and increased manpower demand from manufacturers, businesses, and other non-manufacturing firms which are aiming to take advantage of the bright economic prospects in the country. Because of this optimism, personal consumption expenditures are expected to rise, further buoying the economy up. Risk sentiment wise, the Greenback is likely to be sold.

Released

Advance GDP Price Index q/q (USD)

Actual: 0.4   Forecast: 2.0   Previous: 2.6 2012-01-27 2:30:00 pm

In the imminent trades, the release of the Advance GDP Price Index is anticipated to debilitate the US dollar. After rising 0.4 percent, 2.5 percent, and 2.6 percent in the first three quarters of 2011, the GDP Deflator is estimated to have boosted 2.0 percent in the last three months of last year. The steady incline in the indicator is believed to have been pushed by the elevated levels of consumer sentiment and spending and industrial production, expansion in the manufacturing and non-manufacturing firms, enhancement in the business inventories and capital expenditures, and recovery in the housing market. Moreover, the prices of the commodities which have fallen over the past few months have likely contributed to the increase in the deflator. With the accompanying risk-on appetite, the announcement of the Advance GDP Price Index is foreseen to debase the Greenback.

Released

Advance GDP q/q (USD)

Actual: 2.8   Forecast: 3.0   Previous: 1.8 2012-01-27 2:30:00 pm

A report from the Department of Commerce is believed to cut the demand for the Greenback. In the first three quarters of 2011, the American economy expanded by 0.4 percent, 1.3 percent, and 1.8 percent. In the quarter ending December, the Advance GDP is forecasted to stand at 3.1 percent, the fastest pace in four quarters. The acceleration in the economic activity is perceived to have been driven by the strong consumer sentiment and spending, expansion in the manufacturing and nonmanufacturing segments which pulled the jobless rate lower, heightened capital investments among businesses in the country and the enhancement in inventory building. On the other hand, the intensifying import levels are expected to trim the real GDP growth. Nonetheless, such optimism is anticipated to cause the massive selloff in the Greenback.

Released

WEF Annual Meetings (All)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-27 11:00:00 am

The anticipated World Economic Forum (WEF) Annual Meeting is scheduled today, and is seen to influence the movement of the major currencies. The WEF in Davos is to be attended by the central bankers, prime ministers finance ministers, trade ministers and business leaders from over 90 countries, and the statements from these influential people are deemed to create significant market volatility to the major currencies. Pending the WEF, the major currencies are seen to be volatile in today's trading exchanges.

Released

M3 Money Supply y/y (EUR)

Actual: 1.6   Forecast: 2.2   Previous: 2.0 2012-01-27 10:00:00 am

The Euro is seen to climb in today's trades, as the data on M3 Money Supply is set to be released, and is expected to post at 2.3 percent in January, after declining to 2 percent in December. The increase in this economic indicator is likely to reflect an increasing supply of money, which eventually leads to additional spending and investments. Thus, the single currency is projected to boost the Euro in today's exchanges.

Released

KOF Economic Barometer (CHF)

Actual: -0.17   Forecast: -0.06   Previous: 0.01 2012-01-27 9:00:00 am

The Swissie is projected to have a bearish movement, as the KOF Economic Barometer data is scheduled for release today, and is anticipated to post at minus 0.06 percent in January, down from the previous month’s reading of 0.01 percent. The drop in this economic indicator is seen to indicate the gloomy outlook toward the Swiss economy. As such, a waning Franc is seen in today’s exchanges.

Released

Retail Sales y/y (JPY)

Actual: 2.5   Forecast: 2.3   Previous: -2.2 2012-01-27 12:50:00 am

The Japanese yen is presumed to be bullish in today's trades, as the Retail Sales data is set for release, and is anticipated to post at 2.3 percent in January. The previous reading for this indicator dropped to minus 2.3 percent, following its increase of 1.9 percent the month before. The projected positive reading is deemed to spark a bullish reaction on the Samurai. Thus, expect the Yen to incline in today's exchanges.

Released

Monetary Policy Meeting Minutes (JPY)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-27 12:50:00 am

The Monetary Policy Meeting Minutes of Bank of Japan (BOJ) revealed that the members unanimously voted for the uncollateralized overnight call rate to remain at around 0 to 0.1 percent. The bank is also said to continue making contributions by pursuing powerful monetary easing through comprehensive easing measures, ensuring financial market stability, and providing support to strengthen the foundations for economic growth. Growth forecasts for the Japanese economy were cut by the BOJ, due to the effects of the global economic crisis. Given all these, the decline of the Samurai is projected.

Released

Tokyo Core CPI y/y (JPY)

Actual: -0.4   Forecast: -0.3   Previous: -0.3 2012-01-27 12:30:00 am

The Japanese yen is expected to lengthen its diminution as the Statistics Bureau is awaited to publish its monthly inflation data. This month, the Tokyo Core CPI is estimated to have fallen 0.3 percent, following minus 0.4 percent in October, minus 0.5 percent in November, and 0.3 percent in December. The continuous drop in the prices of goods and services excluding fresh food highlights the feeble domestic consumer demand which the government likely failed to bolster even if it maintained for the longest time the Overnight Call Rate at less than 0.10 percent. Moreover, this week’s report which posted the first annual trade deficit of the country in 31 years is believed to heighten the deflationary pressures in the country. Therefore, the Yen is perceived to decline.

Released

Trade Balance (NZD)

Actual: 338   Forecast: -74   Previous: -307 2012-01-26 10:45:00 pm

The New Zealand dollar is likely to immense seeing that the deficit of the Trade Balance is deemed to narrow. Last November, the difference in value between imported and exported goods surged to -308 Million worth of goods, which fell short by -18 Million from the -290 Million forecast. The Overseas Merchandise Trade in November was also noted to have been one of the worst plunges in the deficit from the -228 Million ease in the previous month. However, the moves of European policymakers to act upon preventing the regions debt crisis is likely to have led economists to expect an alleviation in New Zealand’s Trade Balance deficit to -47 Million worth of goods, which further reflects the ease of the strains in domestic activities in New Zealand. Thus, the Kiwi is more likely presumed to clamber.

Released

New Home Sales (USD)

Actual: 307   Forecast: 321   Previous: 314 2012-01-26 4:00:00 pm

With additional signs that the US housing market ended 2011 on a high, the US dollar is believed to incline in today’s trades. After the Census Bureau reported that Existing Home Sales expanded by an annual pace of 5 percent in December to its highest level since January 2011, sales of new homes are foreseen to follow suit. The annualized number of new homes sold in December is believed to incline from 315,000 to 322,000 during the month, suggesting that housing demand ameliorated in line with improvements in the job sector. With the depressed housing sector finally showing signs of life, the Greenback is apt to advance today.

Released

Core Durable Goods Orders m/m (USD)

Actual: 2.1   Forecast: 0.9   Previous: 0.5 2012-01-26 2:30:00 pm

The data on Core Durable Goods Orders, which excludes transportation items, significantly rose by a seasonally adjusted 2.1 percent in December, surpassing the economic forecast of a 0.9 percent increase, according to the US Census Bureau. The indicator has been on the rise for the fourth consecutive month, pointing to a rebound in business investment that is believed to support the country's economy this year. As such, it is more likely to spark a bullish reaction from the Greenback.

Released

Durable Goods Orders m/m (USD)

Actual: 3.0   Forecast: 2.1   Previous: 4.3 2012-01-26 2:30:00 pm

A much fluttering US dollar is expected in today’s release of the US Durable Goods Orders report. Durable Goods Orders climbed by 3.7 percent in November amid an increase in planes orders. However, Core Durable Goods Orders increased by just 0.3 percent in a figure where airplane purchases were excluded, the third decline in a row, raising concerns about the EU debt crisis effect on the US manufacturing sector. A weaker 2.1 percent figure is expected in Durable Goods Orders but Core orders are envisaged to hike to a 1.0 percent rise in December. The raw figure waning does not encourage investors at first but when you consider the estimated hike of the core figure, durable goods purchases are practicably going strong as not only a single sector is spending more for long-term equipment. Hence, the US Durable Goods Orders figure is perceived to make the Greenback volatile.

Released

CBI Realized Sales (GBP)

Actual: -22   Forecast: -2   Previous: 9 2012-01-26 12:00:00 pm

The Distributive Trades Survey from the Confederation of British Industry is anticipated to disappoint market participants of the British pound today. Following an optimistic surprise last month with the grade of 9, economists expect a rating of 1 for this January. Though still above the zero benchmark, the deemed positive change in the sales volume looks to be subdued heavily. Should the actual figure post at the median estimate or even lower, especially into the negative index, trades are likely to be heavy for the Sterling.

Released

WEF Annual Meetings (All)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-26 9:00:00 am

As international elites meet in the World Economic Forum at the Congress Centre in Davos, Switzerland starting today, volatility in the foreign exchange market is anticipated. This year, the WEF is centered on the theme “The Great Transformation: Shaping New Models” and political, business, academic, and economic leaders across the globe are anticipated to speak in an attempt to shape the global, regional, and industry agendas and discuss the Euro Zone debt crisis and the Arab Spring. German Chancellor Angela Merkel is awaited to deliver the opening address. Her commitment towards keeping the Euro Zone compact and that fiscal austerity is only means out of the debt crisis is likely to be worded in her speech. As such, volatility in the currency markets is anticipated.

Released

GfK German Consumer Climate (EUR)

Actual: 5.9   Forecast: 5.6   Previous: 5.7 2012-01-26 8:00:00 am

For the imminent trades, the Euro is deduced to experience capricious exchanges against its basket of adversaries as the Gfk German Consumer Climate is forecasted to be stable. As per median estimation, the level of composite index based on surveyed consumers is likely to remain unchanged to 5.6 points in January, showing the reluctance of consumers to spend more money amid the speculation that the region is likely to enter into mild recession this year. As a consequence, a weak financial confidence is likely to influence demand and subsequently the entire economic activity, stimulating a cutback on the 17-nation currency, otherwise, a gain on it. With such view, a volatile Euro is seen today.

Released

RBNZ Rate Statement (NZD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-25 9:00:00 pm

In the upcoming release of the Reserve Bank of New Zealand’s Interest Rate Statement, the estimation for a rate movement is minute and an estimated bearishness in the Policy Assessment is presumed to debilitate the New Zealand dollar prior to the news. The decision by RBNZ on where to set interest rates depends mostly on the growth outlook and inflation. The primary objective of the central bank is to achieve price stability. Moreover, maintaining the high interest rates is assumed to attract foreigners looking for the best risk-free return on their money, which is likely to increment demand for the nation's currency. If the data ticks in higher than expected expect bullishness for the Land of the White Clouds however if the data stays low than estimated look ahead for an ebb in the Kiwi’s currency valuation.

Released

Official Cash Rate (NZD)

Actual: 2.50   Forecast: 2.50   Previous: 2.50 2012-01-25 9:00:00 pm

An upcoming announcement of the Official Cash Rate by the Reserve Bank of New Zealand is believed to keep the New Zealand dollar unscathed. The market expects the RBNZ to keep the rates on hold to further stimulate the domestic growth. The OCR has been at 2.50 percent for the last ten months after the central bank trimmed the benchmark rate by 50 basis points following the earthquake in Christchurch in February last year. The European sovereign debt crisis which darkened the prospects in the economy of the country in the past months is believed to have stabilized and the weaker than expected inflation data – 0.3 percent in the quarter through December likely gave the RBNZ breathing room on holding the rates. Thus, the valuation of the Kiwi is believed to be unchanged.

Released

FOMC Statement (USD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-25 6:28:00 pm

The US dollar is deemed for volatile trades today as the Federal Reserve releases a statement following its two-day policy review this month. Called by analysts as historic, the meeting is expected to provide interest rate forecasts along with updates on growth for the first time ever. Although no change in the Fed’s ultra-low rate pledge is expected, the future of interest rates and the prospects for further stimulus are likely to be discerned. Hence, should the statement confirm market expectations of a maintenance in rates until 2014 or remain open the possibility of additional steps to stimulate the economy, then the Greenback is apt to weaken.

Released

Federal Funds Rate (USD)

Actual: <0.25   Forecast: <0.25   Previous: <0.25 2012-01-25 6:28:00 pm

Instabilities are likely to endure for the American currency as the record of the Federal Funds Rate is set to be made public. Through providing a clearer window into official thinking on monetary policy, the Federal Reserve is expected to break new ground as the interest rates is deemed to be held again at lesser than 0.25 percent. In addition, the Fed may also announce an agreed target for inflation, which would likely be in the 1.7 to 2 percent range that the majority of Fed officials have already said is desirable. In effect, the changes in the rate are expected to change the interaction between the Fed and the markets and the way people think about how the Fed is likely to behave. Thus, a stronger Greenback is anticipated.

Released

Crude Oil Inventories (USD)

Actual: 3.6   Forecast: 0.9   Previous: -3.4 2012-01-25 4:30:00 pm

The release of the US Crude Oil Inventories report is predicted to add more price change movement to the US dollar. Crude oil stockpiles are believed to have added 900,000 barrels of crude oil in the third week after falling by 3.4 Million barrels in the second week of January. The additional oil supply is foreseen to lessen command to hike prices of goods but is presumed to bolster US growth since processes that require oil are much unlikely to be stalled. The recent development in Syria that is likely to hamper oil export is envisioned to affect US crude stocks. Thus, the Crude Oil Inventories figure is expected to make the Greenback shift more.

Released

ECB President Draghi Speaks (EUR)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-25 2:15:00 pm

The Euro is anticipated to be volatile in today's trades, as the markets await the speech of European Central Bank (ECB) Mario Draghi at the World Economic Forum in Davos. Draghi said in his previous statement that there are already signs of stabilization in the European economy, through the intervention of the central bank. The ECB President's speech is awaited by many as it is likely to drop clues on the future monetary policies of the bank. As such, the single currency is deemed to experience volatility in today's trades.

Released

CBI Industrial Order Expectations (GBP)

Actual: -16   Forecast: -19   Previous: -23 2012-01-25 12:00:00 pm

The Confederation of British Industry is set to release its Industrial Trends Survey today, which is believed to improve and assist the exchanges of the British pound. From a minus 23 score last month, economists expect a grade of minus 19 for January. This diffusion index gives an important snapshot of the expectations for orders by UK manufacturers, which has been in deep negative territory since August. Though little improvement is expected by market participants, this still counters more negative prospects for the Cable.

Released

WEF Annual Meetings (All)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-25 11:00:00 am

Today, the World Economic Forum is anticipated to continue with its activities and speeches. Expect this event to cause market volatility given its worldwide reach and unpredictable nature. Various speeches and talks tend to momentarily shake the market as signals are often put into these public engagements. Therefore, expect the World Economic Forum to move certain currencies randomly at times.

Released

MPC Meeting Minutes (GBP)

Actual: 0-0-9   Forecast: 0-0-9   Previous: 0-0-9 2012-01-25 10:30:00 am

In the imminent publish of the MPC Meeting Minutes from the Bank of England, the decision is looked ahead to stay unchanged at 0-0-9 in the breakdown of the MPC member’s interest rate votes which tends to be the most important part of the minutes. Further, detailed record of the committee's interest rate meeting held about two weeks earlier is likely to be mentioned as well together with a general picture of economic conditions in the UK. If the decision gets 2 votes for an increase, which is very unlikely, an incline in the Great British pound currency valuation is foreseen. However, if there are added 2 votes for quantitative easing a downfall is deemed. Moreover, should the vote remain the same, uncertainty is likely to linger in the market.

Released

Prelim GDP q/q (GBP)

Actual: -0.2   Forecast: -0.1   Previous: 0.6 2012-01-25 10:30:00 am

The upcoming release of UK Preliminary Gross Domestic Product is deemed to spark a bearish reaction on the Great British pound as it is estimated to plunge. As per median forecast, the UK economy is likely to contract by 0.1 percent in the last quarter of 2011, diving beneath the revised 0.6 percent expansion in the third quarter. Such descent is attributable to the impact of the Euro-area debt crisis and the widening fiscal gap of UK that possibly provide another ground for the Bank of England to add more economic stimulus, sending the Sterling to plummet. Hence, a sliding movement of Sterling is foreseen today.

Released

BBA Mortgage Approvals (GBP)

Actual: 36.2   Forecast: 35.3   Previous: 34.8 2012-01-25 10:30:00 am

Today, the Great British pound is awaited to gain market value along with an optimistic forecast for one of its economic indicators today. The Mortgage Approvals released by the British Bankers’ Association is anticipated to increase in the upcoming release. Previously, the aforementioned index showed that the number of new mortgages approved for home purchases grew by 34,700 new mortgages. In today’s imminent release of the indicator, analysts project a growth of 35,300. This positive and larger figure signals a healthy housing sector of the economy. Thus, the Sterling is anticipated to push up its value in the world market today.

Released

German Ifo Business Climate (EUR)

Actual: 108.3   Forecast: 107.6   Previous: 107.3 2012-01-25 10:00:00 am

The Euro is expected to immense seeing that the German Information and Forschung Business Climate is deemed to entail optimism for the European nation. Last December, the results of 7,000 businesses surveyed revealed that the relative level of current business conditions and expectations for the next 6 months climbed to 107.2 points, which was higher by 1 point from the forecast for the month. In addition, the reading in December was also a great improvement from the 106.6 points record in the previous month. Another increase to 107.6 points is anticipated for January, which reflects the signs of stabilization that persist to be seen seeing that the score is expected to rise again for two months in a row. Thus, the Euro is perceived bullish.

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BOC Gov Carney Speaks (CAD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-25 9:00:00 am

The Canadian dollar is foreseen to exhibit volatile trades today as Bank of Canada Mark Carney is on tap to speak at the World Economic Forum in Davos, Switzerland. As Chairman of the Financial Stability Board, Carney is expected to express his views on banking reforms as the world economic outlook remains bleak. Nevertheless, his comments on prospects for the global economy, particularly in the US and Europe, are foreseen to provide clues on his next moves for Canadian monetary policy. In last week’s rate policy review, the BOC kept interest rates on hold on heightened caution over the state of the world economy. The BOC noted of increased uncertainty, with the Euro Zone’s debt crisis intensifying and conditions in the international financial markets tightening. Likewise, the bank predicts a deeper recession in Europe. Hence, a downbeat assessment is foreseen to weaken the Loonie on views that interest rates in Canada are to remain at current levels for longer periods.

Released

BOJ Monthly Report (JPY)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-25 6:00:00 am

The BOJ Monthly Report is scheduled for release and is plausible to make the Japanese yen erratic. Corporate capital spending is predicted to continue its upward trend due to reconstruction projects in the previous monthly report of the Bank of Japan. A moderately-paced business investment is also expected this year due to global slowdown worries. Nonetheless, the BOJ foresees growth in Japan to remain moderate during 2012. However, the impact of the strong Japanese yen and the developments in the Euro Zone are not to be neglected as factors in this next report. Thus, the BOJ Monthly Reports is inferable to make the Yen volatile.

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CPI q/q (AUD)

Actual: 0.0   Forecast: 0.2   Previous: 0.6 2012-01-25 1:30:00 am

The inflation rate of Australia remained unchanged in the December quarter of 2011, compared with a rise of 0.6 percent in the September quarter, according to the data released by the Australian Bureau of Statistics. The weaker than expected figure is believed to add to signs that the Reserve Bank of Australia (RBA) is likely to cut interest rate again in February. The central bank cut the rate by 25 percentage points in November with the same rate cut in December. As such, a waning Aussie is more likely to surface.

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Trade Balance (JPY)

Actual: -0.57   Forecast: 0.36   Previous: -0.53 2012-01-25 12:56:00 am

The Japanese yen weakened after Japan reported its first annual trade deficit in 31 years. Mostly a result of the March devastation, the data stoked concern that the domestic economy's fiscal health would continue to deteriorate. Trade Balance for the month of December was at minus 0.54 Trillion, higher than the deficit posted in November, and worse off than what economists expected. Prospects of the Yen are hurt with this release.

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MI Leading Index m/m (AUD)

Actual: -0.2   Forecast: N/A   Previous: 0.1 2012-01-25 12:30:00 am

The Australian dollar is anticipated to go down accordingly to the weak release of the Melbourne Institute’s Leading Index. The Leading Index compiles and summarizes 8 economic indicators and delivers are figure that represents the overall condition of the economic indicators included. In the previous report, the Leading Index exhibited a development of 0.1 percent for the month of October. In the most recent release, a decline of 0.2 percent was recorded. Therefore, the Aussie is foreseen to abate in the coming exchanges.

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BOE Gov King Speaks (GBP)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-24 9:00:00 pm

The upcoming speech of Bank of England Governor Mervyn King is deduced to spark additional volatility on the Great British pound. Recently, the central bank stated that the Euro Zone sovereign debt predicaments are consistently influences the stalling economy of UK, with inflation is expected to drop this year. Should the central bank hints another dovish sentiment, look forward to a descending movement of Euro as such tone is likely to provide signal for a further stimulus for the BOE to kick start economic growth. Otherwise, a hawkish sentiment is likely to support a bullish pattern for the Sterling. Given such contradicting views, expect fickle trades of Sterling today.

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Gov Board Member Danthine Speaks (CHF)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-24 5:15:00 pm

In today’s trading session Switzerland is expecting a speech titled "Can price and financial system stability work as a dual mandate?" from SNB Governing Board Member Jean-Pierre Danthine at the University Alumni Conference, in Zurich. Swiss National Bank policymaker Jean-Pierre Danthine’s comments are likely to be closely watched for any possible indication of the future direction of monetary policy.

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Belgium NBB Business Climate (EUR)

Actual: -9.5   Forecast: -10.1   Previous: -10.6 2012-01-24 3:00:00 pm

An appreciation of the Euro is foreseen as the National Bank of Belgium is awaited to publish its monthly business confidence survey. Even after the downgrades of S&P and Moody’s in the last two months of 2011, the NBB Business Climate index increased in December to minus 10.6 points from minus 12.2 points in the month before. The fiscal measures which the Belgian government and the Euro Zone as a whole are proposing and the expansion in the services and manufacturing sectors in its neighboring countries such as France and Germany have likely boosted the confidence and the outlook of the business executives in the country. The NBB Business Climate Index is foreseen to stand at minus 10.1 points this month. With the increase, the shared currency is expected to rise.

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Core Retail Sales m/m (CAD)

Actual: 0.3   Forecast: 0.2   Previous: 0.6 2012-01-24 2:30:00 pm

The Canadian dollar is deemed to decline slightly today as consumer spending is deemed to have slowed in November. Core Retail Sales across the nation is projected to have increased by 0.2 percent during the month, much slower than the 0.7 percent pace registered in October. The figure also marks its slowest rise in sales in four months, in a sign that economic uncertainty from abroad and recent softness in the Canadian labor market have combined to debilitate consumer confidence. November saw the Jobless Rate edge up for the third straight month to 7.5 percent as job growth cooled. Hence, on reduced prospects for the Canadian economy, the Loonie is believed to decline today.

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ECOFIN Meetings (EUR)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-24 11:00:00 am

The Euro is anticipated to experience volatility in today's trading exchanges, as the European finance leaders meet in Brussels to discuss further about the new budget rules, and also Greece's rescue funds. The European finance ministers are to tackle the debt crisis, as the Greek officials and the country's private creditors struggle to reach an agreement to lighten the debt burden of Greece. The markets await the outcome of the summit, as it is highly believed to influence the movement of the single currency. If the finance leaders are to come up with a firm response in the coming weeks, it is presumed to give way for the Euro to go up. Considering the foregoing, the shared currency's is deemed to move irregularly in today's exchanges.

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Industrial New Orders m/m (EUR)

Actual: -1.3   Forecast: -2.1   Previous: 1.5 2012-01-24 11:00:00 am

The Euro fell as the market received information from the Eurostat. The agency reported that Industrial New Orders in the currency bloc declined 1.3 percent and 1.4 percent in the entire European Union in November. This follows a 1.5 percent gain in the indicator in October and is 2.7 percent less than in November 2010. Excluding transportation items, the Industrial New Orders shrink 0.5 percent. Capital goods suffered the worst at minus 2.1 percent while non-durable consumer goods added 1.7 percent. Irish manufacturers had the best performance at 23.2 percent while Germany’s had the worst at minus 5.0 percent. Government heads of Greece and Italy were replaced in November following the intense political turmoil and likely influenced the demand for European industrial goods and services which led to its decline.

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Flash Services PMI (EUR)

Actual: 50.5   Forecast: 49.1   Previous: 48.8 2012-01-24 10:00:00 am

The Markit Eurozone PMI Composite Output Index moved into positive territory for the first time in five months in January, which is believed to assist the exchanges of the Euro today. According to the preliminary reading, the index rose for the third month running, up from 48.3 in December to a five-month high of 50.5. That signaled a marginal increase in private sector economic activity as output rose at a robust pace in Germany, as well as a modest expansion in France. Considering the buoyant outlook this poses on the bloc's economy, a buy bias is seen for the single currency.

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Flash Manufacturing PMI (EUR)

Actual: 48.7   Forecast: 47.4   Previous: 46.9 2012-01-24 10:00:00 am

A significant boost in the Euro in the trades today likely came from the reports of the amelioration in the manufacturing sector in the currency bloc. According to Markit, the production sector in the Euro Zone steadily improved as the Flash Manufacturing PMI registered at 48.7 points this month. This beats the market consensus of 47.4 points and extends the incline of the indicator which scored 46.9 points in December after bottoming at 46.4 points in November. The 1.8-point enhancement in the indicator is believed to have come from the 2.5-point boost in the German Manufacturing PMI which was cut by the 0.4 percent decline in the French equivalent and a slight decrease in the peripheral PMI. The single currency advanced at most 50 pips against the US dollar in anticipation of the report.

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German Flash Services PMI (EUR)

Actual: 54.5   Forecast: 52.6   Previous: 52.4 2012-01-24 9:30:00 am

For the imminent exchanges, the Euro is presumed to create minor gains against its basket of adversaries as the upcoming release of German Flash Services PMI is forecasted to slightly increase. As per median estimation, the level of a diffusion index based on surveyed purchasing managers in the services industry is likely to boost to 52.6 points in January, accelerating from the revised 52.4 points in December. Such increment shows that businesses in the said sector are more optimistic this month, given that the European leaders, together with the European Central Bank, are exerting too much effort to come up a comprehensive solution to the region’s debt dilemma that assists demand for the common currency. With such view, anticipate the Euro to slightly ascend today.

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German Flash Manufacturing PMI (EUR)

Actual: 50.9   Forecast: 49.1   Previous: 48.4 2012-01-24 9:30:00 am

In the imminent post of the Euro's German Flash Manufacturing PMI, a foreseen bullish shift for the single currency is foreseen. The Purchasing Managers' Index of Germany is estimated to elevate to a figure of 49.1 points in its level of a diffusion index based on surveyed purchasing managers in the manufacturing industry from its 48.4 points in the preceding release. This data further implies that there is a lot of positivity in the most current and relevant insight of company's view of Germany, further, it depicts that development in the aforementioned country is persisting.

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French Flash Services PMI (EUR)

Actual: 51.7   Forecast: 50.5   Previous: 50.3 2012-01-24 9:00:00 am

A third consecutive month of surprising the market on the upside had likely bolstered the Euro in the trades today. According to Markit, the French Flash Services PMI stood at 51.7 points this month, 1.2 points greater than the market consensus and 1.4 points better than the reading in December and 2.4 points more than the statistic in November. A five-month high of 50.9 points was reached by the Flash France Services Activity Index as the employment prospects in the sector rose for the fourth month in a row. On the downside, the forthcoming presidential elections and the precarious of the economic weather made the business expectations hazy and sent it to the lowest level in almost three years.

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BOJ Press Conference (JPY)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-24 8:20:00 am

A Press Conference held by the Bank of Japan marginally affected the valuation of the Japanese yen against its most traded peers. The market consensus, which called for a neutral stance on the Overnight Call Rate of less than 0.10 percent and a deferment of the enlargement of the JPY55 Trillion asset-buying scheme until the middle of this year, were met as the BOJ waited for the developments in the Euro Zone that are generally putting the recovery of the Japanese economy at a later time. Governor Masaaki Shirakawa and the central bank foresee the contraction in the current fiscal year to be at more moderate pace of 0.1 percent as the country is channeling its exports to the emerging markets and the reconstruction from the March earthquake is contributing to the domestic growth. Meanwhile, the forecast for expansion in the next fiscal year was cut to 2.0 percent.

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Monetary Policy Statement (JPY)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-24 4:31:00 am

The recent release of the Monetary Policy Statement, revealed that the Bank of Japan (BOJ) cut its growth outlook for this year, to start in April, while maintaining its zero-interest policy, as the European debt crisis slowed the country's exports, and caused the appreciation of the Yen. According to BOJ Governor Masaaki Shirakawa, the European situation is the biggest threat to the recovery of the Japanese economy. The BOJ also adds that the country's economic activity has been more or less flat, mainly due to the effects of the global economic slowdown, and the continued strengthening of the Samurai. Thus, the Yen is presumed to be affected by the cut in Japan's growth forecasts.

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CB Leading Index m/m (AUD)

Actual: -0.3   Forecast: N/A   Previous: 0.5 2012-01-24 12:00:00 am

The Conference Board posted a decline, which leads to the Australian dollar's demise. The monthly CB Leading Index recorded a -0.3 percent figure for November, following a downward revision to the previously posted 0.5 percent for the month of October. This composite index describes a downcast direction of the economy, likely a result of apprehensions brought about by the debt crisis in Europe. Considering this, a sell bias is in order for the Aussie.

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MPC Member Posen Speaks (GBP)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-23 7:00:00 pm

The Great British pound is anticipated to show relative volatility due to the upcoming public engagement of Bank of England’s Monetary Policy Committee Member Adam Posen. The committee member is expected to speak at the University Business School of Nottingham. Member Adam Posen last delivered a speech at the Chatham House in London. There he spoke of the impacts and effects of the 19th century economics to the future conditions of the 21st century economics. Today, volatility is to be expected as certain signals and clues point to what the members of the Monetary Policy Committee is about to undertake. Therefore, until the speech has been made, anticipate the movement of the Sterling to be impulsive.

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Leading Index m/m (CAD)

Actual: 0.8   Forecast: 0.6   Previous: 0.9 2012-01-23 2:30:00 pm

The upcoming release of Canadian Leading Index is deduced to spark a slightly bearish reaction on the Canadian dollar for the imminent trades as it is estimated to grow at the moderate pace. As per median projection, the level of a composite index based on 10 economic indicators is likely to ease by 0.6 percent in December, subsiding below the 0.8 percent gains in the previous month. Despite its benefit acquired from the recovering US economy, such slowdown implies that the Canadian economy is growing at a moderate speed as the Euro Zone debt crisis still sparked a negative response on the recovery momentum. Thereby, look ahead to a slightly fall of the Loonie today.

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PPI q/q (AUD)

Actual: 0.3   Forecast: 0.4   Previous: 0.6 2012-01-23 1:30:00 am

An uplifting mood in the stock market in the past week boost the Land Down Under that opened quite firm in today’s Asian trading session. At the moment of writing, its Producer Price Index slightly ebbed to 0.3 percent in its price of finished goods and services sold by producers. As read in the Australian Bureau of Statistics the December quarter 2011, the prices paid by manufacturers for material inputs declined 1.0 percent, while the prices received for outputs dropped 0.3 percent. Through the year to the December quarter 2011, prices of material inputs rose 7.3 percent, while the prices received for outputs rose 2.8 percent.

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Existing Home Sales (USD)

Actual: N/A   Forecast: 4.65   Previous: 4.42 2012-01-20 4:00:00 pm

A report from the National Association of Realtors is anticipated to trim the valuation of the US dollar. After 4.97 Million units were sold in October and 4.42 Million units were purchased in November, the Existing Home Sales in December is estimated to print at 4.65 Million. The incline in the statistic is believed to have come from the rising optimism in the economy of the country as well as the steady increase in the number of mortgage applications due to the revised and looser standards set by HARP. This likely places 2011 as the market bottom for the mortgage-backed securities and is on its way to recovery in the coming months. Because the risk-on appetite is likely to be triggered, the demand for the Greenback is foreseen to wane.

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Wholesale Sales m/m (CAD)

Actual: N/A   Forecast: 1.2   Previous: 0.9 2012-01-20 2:30:00 pm

The Canadian dollar is seen to move bullishly in today's trades, as the data on Wholesale Sales is scheduled for release, and is expected to increase to 1.2 percent in November. October's reading rose more than the economic forecasts, posting at 0.9 percent, on strong machinery and food sales. The anticipated increase for this economic indicator is likely to signify a probable increase in consumer spending, as retailers generally order more goods from wholesalers in expectations of increased consumer sales. As such, the Loonie is deemed to go up in today's trades.

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Core CPI m/m (CAD)

Actual: N/A   Forecast: -0.2   Previous: 0.1 2012-01-20 1:00:00 pm

The release of a report from Statistics Canada is foreseen to debilitate the Canadian dollar. In December, the market consensus calls for a 0.2 percent decline in the Core CPI. This is consistent with the gradual moderation in the prices of goods and services excluding food and energy. The Core CPI has steady fallen after it has a grown at the fastest pace of 0.5 percent in September which is followed by a 0.3 percent gain in October and 0.1 percent increase in November. A trade deficit amounting to CAD0.5 Billion during the month pushed the supply levels higher and is believed to have pressured the prices to lower. Moreover, large discounts offered during the holiday season have likely weakened the prices. A decelerating Canadian economic growth, revealed by the apparent waning inflationary pressure is believed to depreciate the Loonie.

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CPI m/m (CAD)

Actual: N/A   Forecast: -0.1   Previous: 0.1 2012-01-20 1:00:00 pm

The upcoming release of the CPI report from Statistics Canada is forecasted to soften the Canadian dollar. After topping out at 1.1 percent in March, the pressure on the prices of goods and services including food and energy has slowly waned heading to 2012. The CPI in December is estimated to have declined 0.1 percent, as opposed to the 0.2 percent growth in October and 0.1 percent increase in November. The lowered prices of commodities, primarily oil, are believed to have relieved the pressure on the CPI likely keeping the headline inflation in the country in line with the target of the Bank of Canada in 2012. Due to the risks of deceleration in the economy as signaled by the deflation, the Loonie is expected to sink.

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Retail Sales m/m (GBP)

Actual: N/A   Forecast: 0.6   Previous: -0.4 2012-01-20 10:30:00 am

The UK currency is anticipated to move bullishly in today’s trading exchanges, as the data on Retail Sales is up for release, with an expected reading of 0.6 percent in January. The figure for December posted at minus 0.4 percent, after rebounding at 0.6 percent in November. The expected buoyant figure is deemed to indicate improved consumer spending, which accounts for the majority of the overall economic activity. Considering the above factors, the Cable is foreseen to incline in today’s exchanges.

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Import Prices q/q (AUD)

Actual: N/A   Forecast: 0.6   Previous: 0.0 2012-01-20 1:30:00 am

The Australian dollar is foreseen to strengthen today as Import Prices are projected to have rebounded in the fourth quarter of 2011. The change in the price of goods purchased by importers is estimated to come in at 0.6 percent, recovering from a flat reading in Q3. The incline likely suggests that inflationary pressures are apt to rise in the coming months, suggestive of an increase in economic activity. More importantly, the projected resurgence in import prices likely provides the Reserve Bank of Australia to pause its monetary policy easing after cutting interest rates for two consecutive months to end last year. On reduced prospects for another rate cut, the Aussie is deemed to edge up today.

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Crude Oil Inventories (USD)

Actual: N/A   Forecast: N/A   Previous: 5.0 2012-01-19 5:00:00 pm

Today, the US dollar is expected to show volatility in reaction to the Crude Oil Inventories’ upcoming release by the Energy Information Administration. According to the Crude Stocks, there are still 5.0 Million barrels of crude oil held in inventory by commercial firms. This points out that the region did not purchase all the barrels of crude oil which is an indicator that the economy has no need for the said amount. Since the demand is relatively low for the previous week, prices for petroleum are foreseen to decrease and spur growth for industries that need the commodity. On the other hand, lower price for petroleum leads to lower inflation. Therefore, the Greenback is anticipated to show volatile trades today.

Released

Philly Fed Manufacturing Index (USD)

Actual: N/A   Forecast: 11.3   Previous: 10.3 2012-01-19 4:00:00 pm

The Philly Fed Manufacturing Index is expected to step up in today’s release and make the US dollar advance. December US sector expanded, reaching 10.3 points from 3.6 in November. Despite analysts expected a smaller rise to 5.1 points, the survey new orders managed to rise and prices of finished goods incremented. For January, the uptrend is presumed to continue with an 11.3-point projection. Manufacturing is plausible to come out stronger this month as consumer sentiment of Americans went more optimistic this January. With that, the Philly Fed Manufacturing Index is likened to make the Greenback surge.

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Unemployment Claims (USD)

Actual: N/A   Forecast: 389   Previous: 399 2012-01-19 2:30:00 pm

Less initial claims are estimated for the past week, which is deemed to push demand higher for the US dollar. In the previous release, Unemployment Claims increased from 375,000 to 399,000, but is now believed to drop back down to a value of 389,000. It can be observed that the number of individuals who filed for unemployment insurance for the first time in the prior week have been contained beneath the 400,000 level since the first week of December. As such, a sustained low figure is likely to improve both investor and consumer sentiment, bringing optimism for the Greenback.

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Housing Starts (USD)

Actual: N/A   Forecast: 0.69   Previous: 0.69 2012-01-19 2:30:00 pm

If the figure to be released today confirms the recovering housing sector in US, then US dollar valuation will likely hit its trading adversaries in trades ahead. The indicator will set to signal economic health because building construction produces a wide-reaching ripple effect. Jobs are created for the construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder.

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Core CPI m/m (USD)

Actual: N/A   Forecast: 0.1   Previous: 0.2 2012-01-19 2:30:00 pm

The US dollar is envisioned to fall back as America’s Core CPI is projected to weaken. Core consumer prices in the US increased by 0.2 percent in November, which is more than the 0.1 percent gain expected amid price-hikes in automobiles, clothing and rent, while energy prices decreased. Core CPI is expected to climb by 0.1 percent. The projected downturn of Core CPI shows that consumer inflation is perceived to decline and economic activity is likely to slow down as well. With that, investors practicably act aversely towards putting their money in the US currency. Hence, US’ Core CPI is expected to pull down the Greenback today.

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CPI m/m (USD)

Actual: N/A   Forecast: 0.2   Previous: 0.0 2012-01-19 2:30:00 pm

The US dollar is foreseen to slightly decline in anticipation of the report from the Bureau of Labor Statistics. In December, the CPI is estimated to have grown 0.1 percent, following a zero reading in November and 0.1 percent decline in October. This is lower than the 0.5 percent increase in December last year and places the annual inflationary rate at 2.9 percent. The marginal incline is believed to have followed the forecasted 0.1 percent boost in the PPI during the same month. The plummeting prices of commodities, mostly of oil and gasoline have influenced the downward movement of the CPI. A dissatisfactory Retail Sales values in December complements this forecast. Thus, the Greenback is foreseen to weaken.

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Building Permits (USD)

Actual: N/A   Forecast: 0.68   Previous: 0.68 2012-01-19 2:30:00 pm

The US dollar is presumed to amplify its gains against its most-traded peers for the looming exchanges as the upcoming release of Building Permits is expected to linger at its previous levels. Economists believe that the annualized number of new residential building permits issued during the previous month is likely to stay at 0.68 Million in December, akin to the previous month’s record. Generally, the number of permits since September has been increasing that possibly sparks a positive reaction on the construction activities, causing firms in the industry to hire more workers that possibly further improve employment levels and subsequently assists gains of the Greenback. Give such view, look ahead to an aloft pressure to be exerted on Greenback today.

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Manufacturing Sales m/m (CAD)

Actual: N/A   Forecast: 0.9   Previous: -0.8 2012-01-19 2:30:00 pm

The economic indicator Manufacturing Sales from Canada was seen to have dropped to -0.8 percent in November after rising in each of the three previous months. The decrease in November's sales largely reflected lower sales in the petroleum and coal product, and the aerospace product and parts industries. These declines were partially offset by advances in the motor vehicle parts, computer and electronic product, and wood product industries. In the upcoming release, an anticipated climb of 0.9 percent in its total value of sales made by manufacturers is expected.

Released

ECB Monthly Bulletin (EUR)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-19 10:00:00 am

The upcoming release of the ECB Monthly Bulletin is seen to cause the volatile movement of the Euro, as it is likely to reveal how the central bank sees the economy, given the economic condition in the Euro Zone. The said bulletin is believed to reveal the statistical data which the central bank evaluates when making its latest interest rate decision, and likewise provides an analysis on the economic climate from its viewpoint. A negative evaluation is presumed to spark a bearish reaction on the single currency, while a positive assessment causes the opposite. As such, the shared currency is seen to experience volatility in today’s exchanges.

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REINZ HPI m/m (NZD)

Actual: N/A   Forecast: N/A   Previous: 1.1 2012-01-19 4:00:00 am

For the looming trades, the New Zealand dollar is presumed to experience fickle trades against its basket of adversaries as the REINZ HPI is scheduled to be released today. The selling prices of all homes in the New Zealand is generally on a recovery as the previous data recorded showed a 1.1 percent increase in prices in December, recuperating from the previous reading of 0.3 percent drop in November. Such increase is likely to further attract more investors from entering the nation’s housing industry, driving up the Kiwi. Should such indicator provides another positive figure; expect an upward movement of Kiwi, otherwise, a downward pattern. Thereby, a volatile Kiwi is foreseen today.

Released

Unemployment Rate (AUD)

Actual: N/A   Forecast: 5.3   Previous: 5.3 2012-01-19 1:30:00 am

The Australian dollar is believed to weaken slightly today as the Unemployment Rate in Australia is estimated to remain at 5.3 percent in December. In November, the Jobless Rate rose from 5.2 percent to 5.3 percent as the economy shed a net 6,300 jobs during the month in a sign that increasing uncertainty in the global economy has weighed on businesses’ hiring intentions. A report earlier this week suggested further softening in the Australian labor market. Often providing an indication of future hiring intentions, the ANZ Job Advertisements report revealed that job postings fell by 0.9 percent in December, leading the bank to forecast the Unemployment Rate to reach 5.4 percent. Bleak labor prospects together with continued heightened global risks are presumed to keep domestic inflationary pressures low, likely providing the RBA more scope to further ease policy. Hence, the Aussie is deemed to weaken slightly today.

Released

Employment Change (AUD)

Actual: N/A   Forecast: 10.3   Previous: -6.3 2012-01-19 1:30:00 am

Australian Unemployment Change data is scheduled for release today and more fluctuations is envisioned for the Australian dollar. Creating predictions that are right on target is very challenging as the figure has an erratic behavior. The markets estimated for a reading of 10,300 new workers, but the figure shocked economists as it plummeted in December to -6,300 persons. Despite that, the market is yet again predicting a reading of 10,300 new hires for December. Meanwhile, no change is anticipated for December 2011 as the index has been found settled at around 5 percent. The Australian labor market has unlikely gained speed as of now as Retail Sales went flat in November. If the consumer side is not showing demand, weak employment is inferable to be the cause. Nevertheless, the Australian Employment Change report is foreknown to make the Aussie unstable.

Released

Nationwide Consumer Confidence (GBP)

Actual: N/A   Forecast: 41   Previous: 40 2012-01-19 1:01:00 am

A slight rise in the consumer sentiment survey from the Nationwide Building Society is believed to impact little on the valuation of the Great British pound. The Nationwide Consumer Confidence index has been steadily falling after peaking at 55 points in May. In the months of October and November, the index printed at 36 and 40 points, respectively. Easing headline inflation and an expansion of the services sector in December is likely to be challenged by the 0.1 percent GDP estimate in the quarter through December 2011 as well as the elevated levels of unemployment worse than the pre-recession rates leaving the index value insignificantly rising to 41 points in December. Thus, the Sterling is likely to be unchanged.

Released

MI Inflation Expectations (AUD)

Actual: N/A   Forecast: N/A   Previous: 2.4 2012-01-19 1:00:00 am

The upcoming figure will likely hurt the Australian dollar even more as the expectation for future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.The release will likely hurt the domestic dollar as it is expected to follow the dropping trend since the index continuous to weaken in the recent months as recorded.

Released

CPI q/q (NZD)

Actual: N/A   Forecast: 0.4   Previous: 0.4 2012-01-18 10:45:00 pm

The New Zealand dollar is foreseen to experience volatility in today's trading exchanges, as the CPI data is due for release today, with the forecast to remain at 0.4 percent in Q4 of 2011. Talks regarding more QE measures in the US are deemed to help the Kiwi. However, the slow growth in the Chinese economy and the continuing debt crisis are greatly affecting the Kiwi. Also, analysts expect that the Reserve Bank of New Zealand (RBNZ) is unlikely to adjust interest rate levels until next week. Thus, today’s exchanges are likely to be volatile for the Kiwi.

Released

BOC Press Conference (CAD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-18 5:15:00 pm

A day after the Bank of Canada announced that it will maintain its target for the Overnight Rate at 1 percent, the BOC Press Conference is believed to create volatility for the Canadian dollar today. In the statement issued by BOC Governor Mark Carney, he mentioned that growth in Canada and the US will be "more modest" than forecast in October as European leaders struggle to contain a debt crisis. With monetary policy stimulus believed to be considerable going into the year 2012, outlook is for an expansion by 2 percent for the Canadian nation. Bearing this in mind, lofty exchanges are likely to be pronounced for the Loonie.

Released

BOC Monetary Policy Report (CAD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-18 4:30:00 pm

For the imminent trades, the Canadian dollar is deemed to experience capricious trades against its basket of adversaries as the BOC Monetary Policy Report is scheduled to be released today. Yesterday, the Bank of Canada retained its record-low interest rates of 1.0 percent to provide a considerable stimulus to the domestic economy. In addition, central bank expect a stronger-than-expected second half of 2011, which means that the economy is likely to reach full capacity and inflation to return to its 2 percent target by the third quarter of 2013. This possibly breaks the longest stretch of rate pause, inducing the BOC to uplift rates that drive up the Loonie. However, a dovish sentiment from the report is till possible since the outlook for global economy remains subdued. With such contradicting views, anticipate the Loonie to be volatile today.

Released

Industrial Production m/m (USD)

Actual: N/A   Forecast: 0.5   Previous: -0.2 2012-01-18 3:15:00 pm

The economic indicator Industrial Production from the US is foreseen to publish positivity in the imminent trades from the US Federal Reserve. The upcoming figure is estimated to climb 0.5 percent higher than its prior -0.2 percent reading in its total inflation-adjusted value of output produced by manufacturers, mines, and utilities. If the Factory Output pulls through with the estimated figure or clocks in higher, expect for a better economic condition in the US.

Released

Capacity Utilization Rate (USD)

Actual: N/A   Forecast: 78.2   Previous: 77.8 2012-01-18 3:15:00 pm

A report from the Federal Reserve is believed to heighten the demand for the US dollar. After evening out at 77.8 percent in November, the Capacity Utilization Rate is foreseen to print at 78.2 percent for the month of December. The estimate forms a 40-month high for the indicator, likely showing a strong performance in the employment of resources by local manufacturers, mines, and utilities. Now with the Euro Zone debt crisis and an anticipated soft landing of China threatening the growth prospects of the American economy, efficient utilization of resources becomes a key tool in cutting costs while raising profits. The enhancement in the Capacity Utilization Rate is believed to go hand in hand with the forecasted half a percentage point increase in the Industrial Production during the same month, suggestive of further expansion in the manufacturing and other segments of the economy. Thus, the Greenback is expected to rise.

Released

Core PPI m/m (USD)

Actual: N/A   Forecast: 0.1   Previous: 0.1 2012-01-18 2:30:00 pm

The US dollar is presumed to weaken in today’s trades as inflationary pressures remain subdued in the world’s largest economy. Producer prices excluding food and energy items are estimated to have increased by a lackluster 0.1 percent in December, managing to match the increase seen in the previous month. Despite increasing signs of an accelerating economy in recent months, a slowdown in the US economy is still expected as Europe remains mired in its debt crisis and gradual fiscal tightening is set to continue. As such, easing inflationary pressure likely provides the Federal Reserve more scope to respond to such bleaker economic prospects. Hence, on heightened speculation over additional easing by the Fed, the Greenback is seen to depreciate.

Released

PPI m/m (USD)

Actual: N/A   Forecast: 0.1   Previous: 0.3 2012-01-18 2:30:00 pm

US PPI is predicted to push up again in today’s release and make the US dollar hike. Last November, Producer Price Index for finished goods rose by 0.3 percent amid a sharp increase in food prices while the same figure excluding food and energy increased by 0.1 percent. For December, a climb of 0.1 percent is projected for the US PPI. PPI is likely to beat its 0.1-percent estimate as most US economic data exceeded estimates in the recent releases. More consumer demand is expected for the month of December, in which producers are plausible to take advantage by selling higher. With better optimism last Christmas, it is hard to ignore this opportunity for producers. Thus, US PPI is deemed to make the Greenback appreciate.

Released

ZEW Economic Expectations (CHF)

Actual: N/A   Forecast: N/A   Previous: -72.0 2012-01-18 11:00:00 am

If the Swiss ZEW Economic Sentiment figure to be released today confirms continued weakness and pessimism, expect the Swiss franc to weaken versus its trading adversaries. The figure will likely inform investors and analysts with any changes in the economic sentiment of Switzerland. For the recent months, the index has been dropping signaling that the economic health in the nation is still anemic as affected by the monetary issues in the European periphery.

Released

Unemployment Rate (GBP)

Actual: N/A   Forecast: 8.3   Previous: 8.3 2012-01-18 10:30:00 am

The Great British pound is deemed to move bearishly in today's trading exchanges, as the Unemployment Rate data for November is due for release, with an unchanged figure of 8.3 percent in November. The country has been dealing with the stubbornly high Unemployment Rate, which sternly impedes the UK economy, curbing consumer spending which accounts for the majority of the economy. The anticipated unchanged figure for this economic indicator is deemed to affect the Sterling. As such, a weaker UK currency is projected in today's trades.

Released

Claimant Count Change (GBP)

Actual: N/A   Forecast: 9.1   Previous: 3.0 2012-01-18 10:30:00 am

The Office for National Statistics is apt to put on a good showing today and assist the exchanges of the Great British pound. Claimant Count Change for the month of December is believed to post at 9,100. Though higher than the previous buoyant outcome of 3,000, this figure is within 4 digits and is deemed to lift market sentiment, recognizing improvements in the labor sector. Hence, a buy bias is advised for the Sterling, in relation to this indicator's release.

Released

New Motor Vehicle Sales m/m (AUD)

Actual: N/A   Forecast: 2.3   Previous: -0.7 2012-01-18 1:30:00 am

The Australian dollar is foreseen to wane given the dismal release of the New Motor Vehicle Sales made public earlier this day. The indicator released by the Australian Bureau of Statistics previously showed that the index also decreased for the month November by 0.6 percent. For the month of December, the number of new cars and trucks sold domestically drastically declined by 2.9 percent. This is a heavy burden set upon the Aussie since this indicator is a medium-impact indicator. This is another sign that with fewer purchases of valuable durable goods such as automobiles, that people in the region are not confident enough in the economy in the long run, so they do away with investments such as cars. Thus, the Aussie is anticipated to ease in the trades today.

Released

Westpac Consumer Sentiment (AUD)

Actual: N/A   Forecast: N/A   Previous: -8.3 2012-01-18 12:30:00 am

The upcoming release of Westpac Consumer Sentiment is believed to spark additional volatility on the Australian dollar, given the absence of its forecasted value. The previous data recorded shows that the level of a diffusion index based on surveyed consumers rapidly dropped by 8.3 percent in December, subsiding below the 6.3 percent increase in the previous month. Nowadays, consumers keep on squeezing their purse and pockets as the European sovereign debt crisis lowered global economic outlook. As such indicator stays at the negative territory, anticipate the Australian dollar to plummet, otherwise, to ascend its movement. Thereby, look ahead to fickle trades of Aussie today.

Released

MPC Member Posen Speaks (GBP)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-17 7:30:00 pm

External BOE MPC Member Adam Posen is slated to tackle Britain's condition at the Chatham House, in London on Tuesday. The consensus expectation is that the BoE is looked ahead to loosen UK monetary policy via a further expansion of its QE Asset Purchase Programme next month, to follow its GBP 75 Billion APP increase on Oct 6 last year. At the moment, the Euro area has been hit hard by the reported claim that S&P announced downgrades to the credit ratings of a number of European governments as early as yesterday, according to news.

Released

BOC Rate Statement (CAD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-17 3:00:00 pm

Stability in the Canadian dollar is foreseen in anticipation of the release of the Rate Statement from the Bank of Canada. Taking a look at the headline inflationary rates, the BOC is unlikely to hike the benchmark interest rates as the CPI is just a little over the bank's target of 2 percent. Moreover, the credit-light environment in the country is believed to have fueled the acceleration in the growth of the housing market and sustained the consumer spending activity. Considering the growth prospects of the global economy, more likely to be dimmed by the Euro Zone sovereign debt crisis and the soft landing of China, a neutral stance on the monetary policy is likely to advert the country from slipping into recession. With the interest rate foreseen to be unchanged, the Loonie is foreseen to steady.

Released

Foreign Securities Purchases (CAD)

Actual: 14.99   Forecast: 6.97   Previous: 3.85 2012-01-17 2:30:00 pm

The Canadian dollar is deemed to incline as foreigners ramped up demand for Canadian securities in November. The inflow of funds from abroad jumped to C$14.99 Billion during the month, much larger than the C$3.85 Billion in October and is the highest since May 2011. Amid the ongoing economic and fiscal crisis in the Euro Zone and lackluster growth in the US, Canada seems to be an attractive target for investors seeking good returns. Likewise, the increase in foreign purchases suggests high investor confidence in Canadian economic prospects. Hence, the Loonie is likely to benefit.

Released

ZEW Economic Sentiment (EUR)

Actual: -32.5   Forecast: -48.7   Previous: -54.1 2012-01-17 11:00:00 am

The Euro is expected by most analysts to go down due to the upcoming release of the awaited German ZEW Economic Sentiment index. In the previous release of the aforementioned indicator, it showed that economic sentiment was very pessimistic with a figure of 54.1 points below the 0.0 level. There is no difference in the forecast for the upcoming release. The index based on German institutional investors and analysts show that sentiment is still well below the neutral level with a statistic of -48.7 points. This continued pessimism in the region is expected to likely affect the overall economic outlook for the following weeks. Thus, the single currency is reckoned to subside in the coming exchanges.

Released

German ZEW Economic Sentiment (EUR)

Actual: -21.6   Forecast: -49.7   Previous: -53.8 2012-01-17 11:00:00 am

If the ZEW Economic Sentiment the data confirms today the worrying economic situation in Europe, this will likely investors and analysts will likely weaken the European currency. The forecast remains pessimistic and this is disappointing for investors who are venturing in the European investments. The upcoming release of ZEW Economic Sentiment index is expected to be at negative 49.7 reading today. Worsening sentiment of the European region is apparent in the recent months as the Euro debt scandal continuously hurt the economy as well as its currency.

Released

Core CPI y/y (EUR)

Actual: 1.6   Forecast: 1.6   Previous: 1.6 2012-01-17 11:00:00 am

The Core CPI data is set to be released today, and January’s figure is expected to stay unchanged at 1.6 percent. After the December intervention of the European Central Bank to provide European banks with cheap loans through its Long-Term Refinancing Operation (LTRO) programme, the central bank is now more inclined to addressing the debt crisis problems and focus more on growth measures, currently giving less attention to inflation. As such, today’s trading exchanges are deemed to be bearish for the common currency.

Released

CPI y/y (EUR)

Actual: 2.7   Forecast: 2.8   Previous: 2.8 2012-01-17 11:00:00 am

Following massive downgrades by ratings agency Standard & Poor's Ratings Services, which included a stripping of France's triple-A rating, results from Eurostat's report today is perceived not to have much impact on the Euro's valuation. After a few months at 3 percent, the region's CPI dropped to 2.8 percent in an annual basis in the initial publication. This is believed to be confirmed now. It has to be noted that the ECB pays less attention to inflation now, focusing more on growth and the debt crisis. Hence, negative exchanges are expected for the single currency.

Released

RPI y/y (GBP)

Actual: 4.8   Forecast: 4.7   Previous: 5.2 2012-01-17 10:30:00 am

For the imminent exchanges, the Great British pound is deemed to create a minor cutback against its basket of adversaries as the upcoming release of Retail Price Index is estimated to ease. As per median projection, the price of goods and services purchased by consumers for the purpose of consumption is likely to grow at the modest pace of 4.7 percent in December, diving below the 5.2 percent gains in the previous month. Such slowdown is attributable to a weaker consumer spending due to the higher unemployment rate in the country. This possibly daunts investors from entering the retail industry, sending the Sterling to plummet. Hence, expect a slight downward pattern of Sterling today.

Released

CPI y/y (GBP)

Actual: 4.2   Forecast: 4.2   Previous: 4.8 2012-01-17 10:30:00 am

In the imminent post of the Consumer Price Index of UK, an approximated sluggish movement of 4.2 percent in the change in the price of goods and services purchased by consumers is foreseen. The slower rate of inflation is likely to weigh on the Sterling as the Bank of England is deemed to alleviate monetary policy further in 2012. As the BoE sees an amplified risk of undershooting the 2 percent target for inflation, easing price pressures ought to lead the central bank to ramp up its asset purchase program, and the Monetary Policy Committee is likely to support a dovish outlook for monetary policy as the region teeters on the verge of a double-dip recession. Nonetheless, must the CPI report top market expectations, the stickiness in price growth is likely to lead the BoE to uphold its current policy stance all through the first-quarter, and the expansion is looked ahead to prop up the Cable as market participants scale back probabilities for additional quantitative easing.

Released

NZIER Business Confidence (NZD)

Actual: N/A   Forecast: N/A   Previous: 25 2012-01-16 10:00:00 pm

The New Zealand dollar is likely in for volatile trades today as the New Zealand Institute of Economic Research is slated to release its Business Confidence report for the December quarter of 2011. In the third quarter, the index measuring business sentiment edged lower from 27 points to 25 points, and the markets are looking to get a glimpse of future business activity in today’s release. Should the recent Grant Thornton quarterly international business report is any basis, a higher reading is predicted for Q4. The report revealed that New Zealand businesses are slightly more upbeat with their prospects this year, in contrast to outcomes in Australia, US and the UK. On optimism over economic prospects, the Kiwi is deemed to strengthen.

Released

ECB President Draghi Speaks (EUR)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-16 7:00:00 pm

Any signs of optimistic measures to be discussed by ECB President Draghi in his speech today will likely push the valuation of the Euro over its trading competitors. However heavy volatility is expected to the Euro trades at the time of speech as investors will be waiting for signs of actions on Europe’s sovereign debt crisis. In his last speech, the ECB President set its tone for vigorous measurement that the bank is studying and assessing in order to combat the current economic stagnation within the economy.

Released

PPI m/m (CHF)

Actual: 0.3   Forecast: -0.3   Previous: -0.8 2012-01-16 9:15:00 am

A declining Swissie in today’s trading sessions is presumed to surface, as the PPI data is set for release today, with January’s figure anticipated to remain in the negative territory, posting at minus 0.3 percent, from last month’s reading of minus 0.8 percent. The readings for this economic indicator has remained in the negative territory for seven months, and in the event that the PPI data sustains its negative reading, it is likely to reflect the a weakening Swiss manufacturing sector. Given the above factors, a waning Franc is anticipated in today’s trades.

Released

ANZ Job Advertisements m/m (AUD)

Actual: -0.9   Forecast: N/A   Previous: 0.1 2012-01-16 1:30:00 am

The ANZ Job Advertisements is expected to pull down the value of the Australian dollar in the market for the duration of the trades for the day given their weak release of the aforementioned indicator. The most recent release showed that the number of jobs advertised in the major daily newspapers and websites decreased by 0.9 percent for the month of December. In the previous record, the number of jobs actually increased by 0.1 percent, which means that the decline is likely to affect the market value of the Aussie. Therefore, the Aussie is expected to abate given the pessimistic release of the aforementioned economic indicator.

Released

Home Loans m/m (AUD)

Actual: 1.4   Forecast: 1.0   Previous: 0.8 2012-01-16 1:30:00 am

Australian Dwelling Finance Commitments increased for an eighth straight month, which is seen to provide a boost to the Australian dollar trades today. The figure for November's home--loan approvals came in better than what economists forecasted as the central bank's first interest-rate reduction in two years helped attract first-time buyers. The number of loans granted to build or buy houses and apartments gained 1.4 percent, after a revised 0.8 percent advance in October, according to the Australian Bureau of Statistics. However, the trades of the Aussie are still believed to be affected by worsened risk sentiment due to the recent massive credit rating downgrades in the Euro Zone, but are deemed to reduce losses in light of the recent economic indicator release.

Released

Rightmove HPI m/m (GBP)

Actual: -0.8   Forecast: N/A   Previous: -2.7 2012-01-16 12:55:00 am

The earlier release of UK Rightmove HPI is believed to spark a bearish reaction on the Great British pound for the imminent trades as it shows another gloomy figure. According to an earlier report, UK home sellers cut asking prices by 0.8 percent in January to 224,060 pounds, the third-month plunge since November. UK housing market remains under pressure as unemployment keeps on rising and the turmoil in the euro region threatens to push the economy back into a recession. As an upshot, it possibly further deters investors from entering the UK housing industry, sending the Sterling to plummet. Thereby, look ahead to a downward stride of Sterling today.

Released

Core Machinery Orders m/m (JPY)

Actual: 14.8   Forecast: 5.8   Previous: -6.9 2012-01-16 12:50:00 am

Japan’s Core Machinery Orders dropped excitedly by 6.9 percent in October after an 8.2 percent dawdle down in the preceding month. The plausible ground for this plunge is the EU debt disaster. In the latest release of this aforementioned data, it ticked in with a sudden leap of 14.8 percent in its total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities. The report is perceived to have inclined higher than then estimated figure of 5.8 percent, implying an increment in purchase orders which signal that manufacturers are likely to amplify activity as they work to fill the orders.

Released

Prelim UoM Consumer Sentiment (USD)

Actual: 74.0   Forecast: 71.2   Previous: 69.9 2012-01-13 3:55:00 pm

The US dollar is seen to move bullishly in today's trading sessions, as the Prelim UoM Consumer Sentiment data is set for release today, with an anticipated reading of 71.2 points in January, from the previous month's reading of 69.9 points. The expected figure is presumed to reflect the increased confidence of consumers about the general economic condition in the US, as they are more likely to spend more, considering the probable increase in wages of consumers, who have a major contribution to the growth of the US economy. Given the above factors, expect a rising Greenback to surface in today’s trades.

Released

Import Prices m/m (USD)

Actual: -0.1   Forecast: 0.0   Previous: 0.8 2012-01-13 2:30:00 pm

An upcoming release of data from the Bureau of Labor Statistics is anticipated to quell the demand for the US dollar. Following the 0.47 percent increase in November, the Import Price Index is estimated to have neither grown nor sank in December. The flat reading is believed to have been the result of elevated prices of oil throughout December, which even stayed above USD100 a barrel and the falling prices of non-energy commodities, such as metals, agriculture, softs, and lumber among others. Moreover, the higher requirements from manufacturers and wholesalers were met by a strong influx of supplies from overseas, which likely pressured the import prices even lower. Thus, the Greenback is expected to fall.

Released

Trade Balance (CAD)

Actual: 1.1   Forecast: -0.5   Previous: -0.5 2012-01-13 2:30:00 pm

Slightly upbeat trades are likely in store for the Canadian dollar today as Canada’s Trade Balance is believed to have improved in November. The nation’s trade gap is estimated to have declined from 0.9 Billion to 0.4 Billion during the month, suggesting that exports increased. With exports accounting for approximately 30 percent of GDP, an improvement in the trade shortfall is deemed to provide support to economic growth in the final quarter of the year. Hence, with the Canadian trade sector showing signs of recovering, the Loonie is apt to strengthen today.

Released

PPI Input m/m (GBP)

Actual: -0.6   Forecast: 0.0   Previous: 0.3 2012-01-13 10:30:00 am

The PPI Input report is foreknown to release a disappointing number today and is expected to pull down the Great British pound. November’s PPI Input rebounded, but with a weak 0.1 percent. The forecast is likely the same for December, indicating almost no progress from inflation and manufacturing activity. UK manufacturing sector remains subdued practicably because of the Euro Zone debt crisis despite the climb of British retail sales. Purchases from this industry are likely to remain at low levels until now with the current situation of the manufacturing sector. Thus, UK PPI Input is inferable to make the Sterling fall.

Released

NIESR GDP Estimate (GBP)

Actual: N/A   Forecast: N/A   Previous: 0.3 2012-01-12 4:00:00 pm

The NIESR is scheduled to report on its estimate for the United Kingdom's December gross domestic product , believed to affect the volatility of the Great British pound. The NIESR GDP Estimate focuses on the change in the estimated value of the total goods and services produced by the economy over the past three months. A 0.3 percent figure came up in the previous reading, ticking down from the similar figures of 0.5 percent min the two months prior. This indicates a slowdown in growth, which does not bode well for the weak UK economy. Considering this, should the upcoming release be lower than the previous 0.3 percent figure, a decline is approximated for the Sterling.

Released

Business Inventories m/m (USD)

Actual: 0.3   Forecast: 0.4   Previous: 0.8 2012-01-12 4:00:00 pm

The US dollar is seen to go up in today's trades, as the Business Inventories data is set to be released today, with a projected reading of 0.4 percent in November, down from the prior month's figure of 0.8 percent. The anticipated drop in November's figure implies that companies are more likely to purchase goods, considering their depleted inventories. Also, the drop in inventories indicates that the inventory levels are sufficient enough to supply increasing consumer demand. As such, the Greenback is deemed to incline in today's trading exchanges.

Released

Unemployment Claims (USD)

Actual: 399   Forecast: 373   Previous: 375 2012-01-12 2:30:00 pm

The US dollar is highly anticipating the release of the Unemployment Claims report. This is a high level economic indicator and holds important data that would drive the market for the US today. The previous records of the said index showed that the number of individuals who filed for unemployment insurance for the first time decreased to only 372,000 individuals, a much optimistic figure than the 387,000 registered unemployed for the third week of December. Today, the Greenback is anticipated to slightly dwindle given the slight raise to the number of unemployed to a total of 373,000. Therefore, analysts predict that the Buck go down for the day.

Released

Core Retail Sales m/m (USD)

Actual: 0.2   Forecast: 0.3   Previous: 0.3 2012-01-12 2:30:00 pm

In today's trading session, the Core Retail Sales report is looked ahead to climb to 0.3 percent in its daily consumer spending on goods found in such places as department stores, gas stations, and restaurants excluding auto sales. In its prior release, the economic indicator incremented 0.2 percent after rising 0.6 percent in October lower than the 0.5 percent rise predicted. Despite the strong sales reported days before the holidays the high unemployment rate and heavy discounts weighed on the actual figures.

Released

Retail Sales m/m (USD)

Actual: 0.1   Forecast: 0.3   Previous: 0.4 2012-01-12 2:30:00 pm

The US dollar is presumed to strengthen against its basket of adversaries for the looming trades as the upcoming release of Retail Sales is expected to incline. The value of sale at the retail sector is estimated to improve by 0.3 percent in December, surging from the previous month’s gain of 0.2 percent. Such increment indicates an increase in consumer spending at the region as Americans bought discounted holiday items last month, a sign that the economy picked up heading into 2012. As a consequence, it possibly egg on more investment in the retail industry, assisting an ascending pattern for the Greenback. Thereby, look forward to a bullish Greenback today.

Released

MPC Rate Statement (GBP)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-12 2:00:00 pm

The MPC Rate Statement is scheduled for release today along with the Official Bank Rate and are deemed to make the Great British pound fluctuate more. A rate hold at 0.50 percent is likely to be decided by the Bank of England (BOE). British manufacturing remains contracting and the housing slump in the English country continues, making growth rates really low despite expansion of UK construction and services sectors and bounce back of retail sales. Monetary policy decisions are still factored by the Euro Zone debt crisis as European markets remain pessimistic. Borrowing rates is predicted to remain the same unless rescue progress from the 17-member nation shows consistently. The Sterling is predicted to move with regard to the statements explaining the next rate decision. Hence, a fluttering Cable is anticipated.

Released

Minimum Bid Rate (EUR)

Actual: 1.00   Forecast: 1.00   Previous: 1.00 2012-01-12 1:45:00 pm

The Euro is deemed for high volatility in today’s trades as the European Central Bank convenes for its monthly interest rate meeting. The ECB slashed rates in November and December as persistent financial turmoil brought about by the debt crisis has taken its toll on the Euro Zone economy, with most analysts predicting the region to enter a recession this year. Despite this, however, many analysts are now estimating the central bank to take a breather and wait until the February or March to resume slashing borrowing costs. Hence, the single currency is presumed to strengthen on relief. However, a surprising cut in rates is highly likely to weaken the Euro.

Released

Asset Purchase Facility (GBP)

Actual: 275   Forecast: 275   Previous: 275 2012-01-12 1:00:00 pm

The Great British pound is likely to experience volatility in today's trades, pending the release of the Asset Purchase Facility data. The Bank of England (BOE) is deemed to maintain its asset purchase target at 275 Billion Pounds, despite calls for it to inject more stimuli into the UK economy. The British Chamber of Commerce (BCC) called on the bank to help businesses by injecting 50 Billion Pounds into the economy, due to the worrying and uncertain economic outlook, but the BOE is likely to resist, given that the UK economy showed resilience in the early part of this year. Given the above factors, the expected unchanged asset purchase target is seen to affect the movement of the Pound.

Released

Industrial Production m/m (EUR)

Actual: -0.1   Forecast: -0.2   Previous: -0.3 2012-01-12 11:00:00 am

The Euro Zone's Industrial Production report is deemed to cast worries for the Euro currency. Eurostat today releases its findings on the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities for the entire region. After a 0.1 percent shortfall last October, economists foresee another decline of 0.2 percent in November. If the recently released German data is any indication, then the Euro is likely to falter. On a good note, if the French data is to propel the market information, then gains can be anticipated.

Released

Manufacturing Production m/m (GBP)

Actual: -0.2   Forecast: 0.0   Previous: -0.9 2012-01-12 10:30:00 am

The Great British Pound is foreseen to take another dive in the coming exchanges given the weak forecast for the nation’s Manufacturing Production economic indicator. In the previous release of the aforementioned index, the total value of output produced by manufacturers declined by 0.7 percent for the month of October. For this scheduled release, the Factory Production is expected to remain unchanged without any development as the figure rests on the 0.0 percent level. Without any improvements, the Sterling is expected to move in the lower tier of trading. Hence, the Sterling is anticipated to see lower values in the market today.

Released

Beige Book (USD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-11 8:00:00 pm

The Fed's Beige Book for today's trading session is deemed to draw attention to a more full-bodied recuperation for 2012 as the developments coming out of the world's largest economy carry on to exceed market expectations, and the papers is presumed to ignite a bullish reaction in the USD as investors scale back speculation for another large-scale asset purchase program.

Released

Crude Oil Inventories (USD)

Actual: 5.0   Forecast: 0.9   Previous: 2.2 2012-01-11 4:30:00 pm

The release of the report from the Energy Information Agency is believed to have boosted the US dollar. Last week, the reading for Crude Oil Inventories in the largest oil consumer in the world unexpectedly rose to 5.0 Million barrels, from a 0.9 Million consensus and prior record at 2.2 Million. The glut of petroleum supply in the US pulled the prices of oil lower in New York as elevated levels of stockpiles likely imply falling demand amid the holiday requirements. Because of the risk-off sentiment trigger, the appetite for the safe haven US dollar surged lifting its valuation in the exchanges.

Released

Trade Balance (GBP)

Actual: -8.6   Forecast: -8.3   Previous: -7.9 2012-01-11 10:30:00 am

A weaker British pound is likely in store today as the nation’s trade deficit is foreseen to have swelled in December. The trade gap is projected to come in at 8.2 Billion last month, slightly higher than the 7.6 Billion shortfall recorded in the previous month. With the UK’s main trading partners in the Euro Zone encountering slowing growth in recent months due largely to the debt crisis, exports are seen to have dipped during the month. More importantly, the UK continues to remain vulnerable, with many analysts predicting the economy to stagnate in the coming months. Hence, on reduced prospects for the British economy, the Cable is believed to weaken today.

Released

FOMC Member Pianalto Speaks (USD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-10 5:10:00 pm

FOMC Member Sandra Pianalto is scheduled for a speech today and is presumed to add volatility to the US dollar. The US labor markets will be the focus of the Federal Reserve Bank of Cleveland President talk today. Concerning that side of the economy, the US is pretty strong in that regard as of now, although economists still have doubts of how long can US employment keep moving up. A hawkish report about the US labor sector is plausible to affect the Buck positively. If Pianalto gives her own suggestions to speed up hiring at least in her jurisdiction, investors are inferable to come out more confident. Nevertheless, FOMC Member Pianalto’s speech is deemed to make the Greenback fluctuate.

Released

Housing Starts (CAD)

Actual: 200   Forecast: 186   Previous: 186 2012-01-10 2:14:00 pm

The Canada Mortgage and Housing Corporation's (CMHC) report on Canada's Housing Starts showed an increase in January in the number of new residential buildings that already began construction the month before, posting at 200,000 from December's count of 186,000. The said increase was mainly attributable to the multiple urban starts, particularly in Ontario and in Atlantic Canada, said Mathieu Laberge of CMHC's Market Analysis Centre. This is likely to boost the Canadian dollar, as the rising Housing Starts figure reflects strong economic growth in the country, providing more jobs and enabling builders’ purchase of various construction services.

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French Industrial Production m/m (EUR)

Actual: 1.1   Forecast: 0.1   Previous: 0.1 2012-01-10 8:45:00 am

French Industrial Production for the month of November is apt to sustain gains by the Euro currency. Today, INSEE is estimated to put on record a slight uptick in the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities last November. From stagnated growth in October, a 0.1 percent figure is foreseen for the upcoming release. This projection points out an increase in activity in the region's second largest economy, likely adding to conjectures of more market appreciation. Hence, bullish trades are in order for the single currency, as a result.

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RICS House Price Balance (GBP)

Actual: -16   Forecast: -18   Previous: -17 2012-01-10 1:01:00 am

The Great British pound is envisioned to create cutback against its basket of adversaries for the upcoming exchanges as the RICS House Price Balance is expected to further plunge. As per median estimation, the level of diffusion index based on surveyed property surveyors is likely to decline by 18 percent in December, subsiding below the previous month’s reading of 17 percent drop. This shows that surveyors are expecting a further nose-dive in UK housing prices due to weak demand. As an upshot, such murky figure is likely to daunt investors from entering the housing sector, driving down the Sterling. Hence, a bearish Sterling is foreseen today.

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BRC Retail Sales Monitor y/y (GBP)

Actual: 2.2   Forecast: N/A   Previous: -1.6 2012-01-10 1:00:00 am

UK’s BRC Retail Sales Monitor ticked in a loftier 2.2 percent last December 2010, when sales had fallen and hit by snow. On both measures and excluding Easter distortions, sales performance was the best since January. The month's figures saw the strongest growth in food sales of the year as people spent on food for the big day. Clothing and footwear also had a spectacular month. Deals helped consumers finally upgrade winter wardrobes as winter commenced in earnest. However, it must also be noted that this report have come at the end of a year which witnessed declines in most non-food sectors and are against December 2010's weak results. Forlornly, no-one expects this level of demand to be indicative of the year ahead.

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Building Consents m/m (NZD)

Actual: -6.4   Forecast: N/A   Previous: 10.7 2012-01-09 10:45:00 pm

The lower number of new building approvals in New Zealand is believed to have caused the depreciation of the local dollar. According to Statistics New Zealand, the Building Consents in November fell 6.4 percent month-on-month, reversing the gain it registered in October at 10.7 percent. Compared with November last year, the approvals for new houses including apartments went down by 5.9 percent to 1,384 as the total building work fell 8.75 percent to NZD919 Million. The general trend in the housing indicator for eight months to November 2011 has been on the upside, the New Zealand government said. However, since the decline during the month is near the recent historical low, the market likely sought to lower their exposure on the Kiwi. Thus, the valuation of the Kiwi fell.

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BOC Business Outlook Survey (CAD)

Actual: N/A   Forecast: N/A   Previous: N/A 2012-01-09 4:30:00 pm

A volatile Canadian dollar is likely in store today as the Bank of Canada releases its Business Outlook Survey for the fourth quarter of 2011. The last survey released in October revealed a slight decline in the overall economic outlook, with an expected decline in sales lowering investment intentions. With the Canadian labor market softening in recent months, a more downbeat outlook among businesses is expected. Likewise, with the Euro Zone still grappling with its debt crisis, the outlook for the global economy continues to be uncertain, forcing businesses to remain cautious. Hence, on concern over the domestic economy, a pessimistic tone is presumed to debilitate the Loonie today.

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Sentix Investor Confidence (EUR)

Actual: -21.1   Forecast: -23.8   Previous: -24.0 2012-01-09 10:30:00 am

The Sentix Investor Confidence report is presumed to cause the bullish inclination of the Euro, as the data showed a reading of minus 21.1 points in January, from the prior month's reading of minus 23.8 points. The reading for this month still remains below zero, which is suggestive of the negative approach of the investors regarding the European economic condition. Nonetheless, the improvement in confidence data is seen to encourage investors that there is hope in the European region. Thus, it is projected to give an upward push to the shared currency.

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Retail Sales y/y (CHF)

Actual: 1.8   Forecast: 0.6   Previous: 0.1 2012-01-09 9:15:00 am

The Federal Statistics Office is believed to post a stimulus to propel the Swiss franc in the impending currency exchanges. Following three straight months of shortfalls in the nation's consumer spending activity, economists estimate the Retail Sales report for November to post buoyantly at 0.6 percent. Consumer activity likely bounced back heading into the holiday season. Considering this, gains are anticipated for the Swissie.

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HIA New Home Sales m/m (AUD)

Actual: 6.8   Forecast: N/A   Previous: 5.5 2012-01-09 12:42:00 am

For the imminent trades, the earlier release of HIA New Home Sales is deemed to spark a bullish reaction on the Australian dollar against its basket of adversaries as it showed improvement. An earlier report showed that sales of new home climbed by 6.8 percent in November, accelerating the previous month’s gain of 5.5 percent. Such increase is attributable to the Reserve Bank of Australia’s interest rate cut last November. Analysts believe that it is a good time for those who are financially set to take decision to build new home, with falling interest rates, a competitive building market, and a greater availability of skilled trades amidst still very soft overall demand conditions. Thereby, it possibly encourages more investors from entering the Australian housing industry, driving up the Aussie.

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Non-Farm Employment Change (USD)

Actual: N/A   Forecast: 152   Previous: 120 2012-01-06 2:30:00 pm

The US dollar is presumed to advance in today’s trades as the US government’s Non-Farm Payrolls report is estimated to have inclined in December. The US economy is estimated to have added 153,000 jobs last month, bettering the 120,000 count registered in November. Despite having a slow start to 2011, the US economy has shown resilience in recent months, with economists expecting a 3 to 3.5 percent growth rate in the December quarter. Such improvements likely improved sentiment among businesses, leading them to expand their workforce. Hence, on improving prospects for the US economy, the Greenback is deemed to strengthen today.

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Unemployment Rate (USD)

Actual: N/A   Forecast: 8.7   Previous: 8.6 2012-01-06 2:30:00 pm

An encouraging data from the Bureau of Labor Statistics is expected to sap the demand for the US dollar. The Unemployment Rate in December is estimated to have gone up by 10 basis points from 8.6 percent in November. This is to reflect the increased number of individuals who were out of work and for a short time stayed out of the job search market but are not actively seeking employment due to the impression that the labor conditions are improving as opposed to the previous months. The expansion in the manufacturing and non-manufacturing sectors of the economy has likely boosted the demand for manpower likely luring more jobseekers. With a positive outlook in the job market, the Greenback is anticipated to drop.

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Unemployment Rate (EUR)

Actual: N/A   Forecast: 10.3   Previous: 10.3 2012-01-06 11:00:00 am

Owing to a still subdued global financial market marred by the region's debt crisis, the Eurostat release today is apt to disappoint Euro traders. In its upcoming release on Eurozone Unemployment, economists estimate the 10.3 percent figure from October to be maintained. In the recent report, the jobless percentage of the population increased to 10.3 percent, mostly as an effect of the crisis. Though economic powerhouse Germany cut down its unemployed by 22,000 last November, Italian jobless also increased a notch to 8.6 percent. This goes to show that much of the Euro Zone growth is still hampered by investor concerns. Hence, it is likely for the single currency to depreciate as a result of this release.

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CPI m/m (CHF)

Actual: N/A   Forecast: 0.0   Previous: -0.2 2012-01-06 9:15:00 am

For the imminent trades, the Swiss franc is presumed to create a minor cutback against its basket of adversaries as the upcoming release of Consumer Price Index is projected to remain stable. Swiss economy is still suffering under the risk of deflation as the price of goods and services purchased by consumers is estimated to achieve 0.0 percent in December from the 0.2 percent decline in November. Though such expectation is better than the three consecutive month’s actual figures, it is still likely to negatively influence the Swissie as the worsening Euro Zone debt crisis consistently weakens inflationary pressure. With such view, anticipate the Swissie to slightly wane today.

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Ivey PMI (CAD)

Actual: 63.5   Forecast: 57.5   Previous: 59.9 2012-01-05 4:02:00 pm

The Canadian dollar considerably appreciated opposite a majority of currencies from other countries following the release of a business sentiment survey. According to the Ivey PMI, optimism in the business sector sought a seven –month high at 63.5 points, beating the forecasts of economists at 57.5 points and knocking down the previous month’s reading at 59.9 points. Having this kind of bright prospect for the Canadian economy is believed to render into more jobs creation for its citizens, higher wages for the workers, and therefore greater consumer spending. In addition, the steady growth in the value of the index implies the heightening confidence of the private sector in the strength of the country’s economy in championing over the headwinds from Europe and Asia, both of which have shown signs of deceleration. Thus, the Loonie gained for most of the trades.

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Unemployment Claims (USD)

Actual: 372   Forecast: 375   Previous: 387 2012-01-05 2:30:00 pm

The Department of Labor is perceived to announce another positive report today that is likely to boost the prospects of the US dollar. An expected drop in the Unemployment Claims to 375,000 anticipates a bullish market for the American currency. In the prior report, the number of jobless who filed for unemployment insurance in the third week of December increased to 381,000 claims, an increase by 15,000 claims from the 366,000 reading the week prior. Nevertheless, such result stretched the below-400,000 releases to a forth straight week. Moreover, this boosts claims that the jobless in December decreased in number. Considering what seems to be an improvement in the US jobs market, the Greenback is recommended for a long position.

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RMPI m/m (CAD)

Actual: 3.8   Forecast: 0.1   Previous: -1.0 2012-01-05 2:30:00 pm

The forthcoming release of the Raw Materials Price Index postulates an immense by the Canadian dollar as the record is expected to have grown for the month of November, albeit slightly. In the previous report for October, the change in the price of raw materials purchased by Canadian manufacturers surprisingly plunged by 1.2 percent, paling in comparison to the forecast of an increase by 1.2 percent. Further, the said figure was a great deterioration from the 1.4 percent record the month prior. For the month of November, economists estimate that the reading grew by 0.1 percent. Such is likely to reflect the improvement in the nation's economic activity, putting forth a positive signal for investors. Hence, the Loonie is warranted to be invested in.

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ADP Non-Farm Employment Change (USD)

Actual: 325   Forecast: 176   Previous: 204 2012-01-05 2:15:00 pm

Automatic Data Processing, Inc. is estimated to post another buoyant result to boost the exchanges of the US dollar today. Awaited by many an economist, the employment indicator, which excludes the farming industry and government figures, is apt to reach 176,000 for the month of December. Though lower than the 206,000 figure last November, this still signals lofty prospects in the jobs sector of the world's largest economy. Considering the increase in the US workforce, appreciation is deemed for the Greenback as a result.

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Services PMI (GBP)

Actual: 54.0   Forecast: 51.6   Previous: 52.1 2012-01-05 10:30:00 am

Markit/CIPS just released a buoyant figure in the services industry that is believed to lift the Great British pound. UK Services PMI run up to 54.0 points in December after an increase to a 52.1 rating last November. The final month of 2011 provided a positive end to the year for UK service providers as activity and incoming new business both rose at their strongest rates since July. There were reports that enquiry levels were up, with higher marketing and promotional work helping to drive growth. With the high increase, purchases are expected for the Sterling today.

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German Retail Sales m/m (EUR)

Actual: -0.9   Forecast: 0.2   Previous: -0.2 2012-01-05 8:00:00 am

The Euro is anticipated to uplift its value in the coming trades given the positive forecast for its German Retail Sales economic indicator. The total value of sales at the retail level previously showed that it grew by 0.7 percent, a rather significantly higher value than the projected 0.1 percent development for the month of October. That was all revoked as the revised Retail Sales condition shows that the index really declined by 0.2 percent instead of showing development. In today’s release, hopes are high as the Retail Sales is expected to boost by 0.2 percent neutralizing the previous loss if the forecast is accurate. Therefore, expect a higher value for the Euro in the coming exchanges.

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Trade Balance (AUD)

Actual: 1.38   Forecast: 1.68   Previous: 1.42 2012-01-05 1:30:00 am

The earlier release of Australian Trade Balance is envisioned to spark a bearish reaction on the Australian dollar for the imminent exchanges as its surplus narrowed. An earlier report showed that the surplus of Trade decline to AUD1.38 Billion in November, plunging below the revised AUD1.42 Billion in the previous month. Such decline is attributable to a weaker export value as the demand in the Australia’s largest export market sapped due to the exacerbating developments in the Euro Zone sovereign debt dilemma. As an upshot, it possibly lowers production that further influences the Australian economy, driving down the Aussie. Thereby, a bearish Aussie is foreseen today.

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Factory Orders m/m (USD)

Actual: 1.8   Forecast: 1.9   Previous: -0.2 2012-01-04 4:00:00 pm

The US dollar is presumed to surge as US Factory Orders report is predicted to rebound in today’s release. US Factory Orders for November are estimated to swell by 1.9 percent after falling by 0.4 percent in the previous month. Renewed consumer optimism is believed to be the cause of the upturn as the Christmas season drew closer that period, sparked first by the Black Friday sale in the latter part of that month. This was also the month when Non-Farm payrolls improved, so the economic outlook from here tipped off positively. With that, demand for factory products bolstered and is apt to boost the Greenback.

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CPI Flash Estimate y/y (EUR)

Actual: 2.8   Forecast: 2.8   Previous: 3.0 2012-01-04 11:00:00 am

The Euro is foreseen to edge down in today’s trades as inflation in the Euro region is believed to have eased slightly in December. The Consumer Price Index for Euro Zone is estimated to decline to 2.8 percent in the month after lingering at 3.0 percent for the past three months. With the region’s debt crisis still raging on, many analysts have already predicted the economy to enter a recession this year. The decline in price pressures likely reflects faltering consumer demand in the region. More importantly, the expected decrease in inflation suggests that the European Central Bank has more room to ease monetary policy further. Hence, on increased bets of an interest rate cut, the single currency is deemed to weaken today.

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French Consumer Spending m/m (EUR)

Actual: -0.1   Forecast: 0.3   Previous: 0.1 2012-01-04 8:45:00 am

The earlier release of the French Consumer Spending report disappoints the markets and is likely to tug at the positive prospects of the Euro currency. The French-based National Institute of Statistics and Economic Studies announced that households’ expenditure in goods decreased by 0.1 percent in volume, paring the preceding increase by 0.1 percent last October. Surging joblessness and apprehensions regarding the debt crisis in the region prompted consumers to cut back their spending. Economists foresee spending growth to continue to be restrained after President Nicolas Sarkozy renewed the government's efforts to trim the budget deficit. Considering this fundamental release, a wane of the single currency is notable.