Forex Daily Outlook – August 17 2011

(ForexCrunch)- PPI in the US and MPC Meeting Minutes in the UK are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Producer Price Index (PPI), monthly report to measure the finished goods and services prices, is about to rise by%. While in the Core PPI (excluding food
and energy) reduce is expected from 0.3% on July to 0.2% this month.

Later in the US, Crude Oil Inventories, weekly report to value the change crude oil,  further reduce is estimated from -5.2% on the last Inventory to -0.4% this time.

In Canada, Foreign Securities Purchases, the Whole value of local stocks, bonds etc. reduce from 15.40B on July to 10.33B this month is anticipated. Read more here…