TODAY ECONOMIC DATA..........25 JULY 2012

ECONOMIC DATA FROM EURO ZONE ON 25 JULY 2012 :-

  

1. German Ifo Business Climate Index  DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 104.7

PREVIOUS @ 105.3

NOTE :- The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

2. German Current Assessment DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 113.0

PREVIOUS @ 113.9

NOTE :- The German Current Assessment rates current business conditions in Germany, without considering future expectations. It is a sub-index of the German Ifo Business Climate Index.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

3. German Business Expectations DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 96.70

PREVIOUS @ 97.3

NOTE :- 

German Business Expectations rates the expectations of businesses in Germany for the following six months. It is is a sub-index of the German Ifo Business Climate Index. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

4. Italian Consumer Confidence DATA WILL COME AT 4:00 AM NEW YORK TIME

FORECAST @ 96.70

PREVIOUS @ 97.3

NOTE :- 

Italian Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

ECONOMIC DATA FROM UNITED STATES ON 25 JULY 2012 :-

       

1. New Home Sales DATA WILL COME AT 10:00 AM NEW YORK TIME

FORECAST @ 372K

PREVIOUS @ 369K

NOTE :- New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it's released ahead of Existing Home Sales because the reports are tightly correlated.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

2. Crude Oil Inventories DATA WILL COME AT 10:30 AM

FORECAST @ -0.650M

PREVIOUS @ -0.809M

NOTE :- The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation