Forex Daily Outlook April 11 2013

Unemployment Claims in the US and Employment Change in Australia are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, value the unemployment insurance that was filed over the last week, 362K is due now from 385K on March.

Later in the US, James Bullard, Federal Reserve Bank of St. Louis President is due to deliver welcoming remarks in Washington DC.

Finally in the US, Import Prices, the price change of imported goods and services that were purchased domestically, reduce down to -0.4% from 1.1% on the last month is likely now.

In Canada, New Housing Price Index (NHPI) calculate the selling price of new homes, 0.1% is due to remain similar to the last report.

For more on USD/CAD, read the Canadian dollar forecast.

In Europe, ECB Monthly Bulletin, the European Central Bank (ECB) Governing Board evaluated regarding the latest interest rate decision and provides detailed analysis for the bank’s viewpoint.

For more on the Euro, read the Euro to dollar forecast.

In Great Britain, Paul Tucker, Bank of England (BOE) Deputy Governor, is due to speak in Dublin.

Read more about the Pound in the GBP/USD forecast.

In Australia, Unemployment Rate, shows the total unemployed work force by percentage that is actively seeking for jobs over the last month, 5.4% is forecasted now with no change from the last month.

Later in Australia, Employment Change, the employed people during the last month, -6.7K is expected now from 71.5K on March.

Finally in Australia, MI Inflation Expectations, the expected consumers price by percentage for goods and services over the next 12 months, 2.3% is likely similar to the last report.

For more on the Aussie, read the AUD/USD forecast.

In Japan, Core Machinery Orders, the total value of new manufacturer’s private-sector purchase orders (not including ships and utilities), rise up to 6.9% is likely now from -13.1% on the last time.

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