Monday, January 15, 2007

Forex News: 15.01.2007 News to expect this week

“The week is quite poor for events”, Artem Enshin, NorthFinance financial analyst says, - “The most significant news of today is the rise of PPI in Great Britain to 0.2% from 0.1% as well as industrial production in Great Britain in November. The index is expected to substantially rise, from -0.1% to 0.8%.

The only Tuesday news is ZEW economic expectations in Germany in January. It is important to note that economic expectations improved in December, after ten consecutive falls. December reading was the highest since August 2006, -19. The analysts expect the index rise again in January, to -11.

The most noticeable indicator of Wednesday is ILO jobless rate for three months. The analysts expect the index keep steady on the level 5.5%, as in the preceding two quarters. Trade balance in the euro area is also released on Wednesday; the index is expected to rise from $2.4bln to $3.9bln. This day is rich in US statistics. PPI in December is to fall substantially, from 2.0% to 0.6% as well as the industrial production is to drop from 0.2% to 0.1%.

Thursday is saturated with US news. Thus, at 4.30 p.m. (Moscow time) the consumer price index is published. As it is forecasted, the index is to rise from 0.0 to 0.5. Jobless claims are traditionally published on Thursday. In the preceding week, the index was 299K, which was the lowest level since November 16 2006. The index is expected to rise this month by 11K.


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