Forex Daily Outlook April 17 2013

MPC Meeting Minutes in the UK and BOC Monetary Policy Report in Canada are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Crude Oil Inventories, weekly report to value the commercial barrels of crude oil that are held  in inventory by, rise up to 1.2M is calculated now from 0.3M on the last time.

Later in the US, Beige Book, used by the Federal Open Market Committee (FOMC) for their next interest rates decisions and also produces impact with the 2 non-public books, Green Book and Blue Book.

More in the US, Jack Lew US Treasury Secretary is about to speak in Baltimore.

Also in the US, Eric Rosengren, Federal Reserve Bank of Boston President is due to deliver a speech in New York.

Finally in the US, James Bullard, Federal Reserve Bank of St. Louis President is likely to deliver a speech in New York.

In Canada, Bank of Canada (BOC) Rate Statement the BOC primary tool uses to communicate with investors on financial policy and discusses the economic outlook and future decisions. On the Bank of Canada (BOC) Monetary Policy Report, that provides the bank’s view of economic conditions and inflation, followed by BOC Press Conference. While on the Overnight Rate is due to remain 1.00% with no change from the last reports.

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

In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the Bank of England (BOE) MPC’s most detailed record of the recent meeting, providing data on the interest rates.

Later in Great Britain, Claimant Count Change, value the people claiming unemployment benefits on the last month, rise of 1.5K is due now.

Finally in Great Britain, Unemployment Rate, value by percentage all the unemployed that are actively seeking employment over the last 3 months, 7.8% is likely now similar to the last month.

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

In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, Survey to rate the economic outlook for Switzerland over the last 6 months, 2.3 points are due now similar to March.

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