Forex Daily Outlook June 22 2012

We end this week with CPI in Canada and ECOFIN Meetings in Europe are the major events of the day. Here is an outlook on the market-movers awaiting us.

In Canada, Consumer Price Index (CPI), measures the consumer’s price change for goods and services, reduce of 0.1% is likely down to 0.3%, and similar is expected in the Core CPI (without the 8 most volatile items) 0.3%.

In Europe, German Information and Forschung (Ifo) Business Climate, Survey to value the existing business conditions and expectations for the next 6 months; due to reduce by 0.7 points down to 106.2 points this month

Later in Europe, ECOFIN Meetings, the Economic and Financial Affairs Council (ECOFIN); the largest monetary decision making body is the Eurozone’s. Their decisions can have a widespread effect on the Eurozone’s monetary health.

Finally in Europe, Belgium National Bank of Belgium (NBB) Business Climate, Survey to rate the present business conditions and prospects for the next 6 months, further reduce of 0.6 points is likely down to -11.8 points.

In Switzerland, CHF, Swiss National Bank (SNB) Quarterly Bulletin have a mild impact on the Monetary Policy Assessment.

In New Zealand, NZD, Credit Card Spending, no change is predicated and 3.7% is likely to remain.

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