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Forex Daily Forecast November 9 2011 – Trade balance

We summarize this week with Trade Balance reports on the US, UK and Canada as the major events of this day. Here is an outlook on the market-movers awaiting us.

In the US, Trade Balance, value the difference between exported and imported goods and services on the past month, expected to further reduce from -43.1B on November down to -43.5B now.

More in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Survey to value the present and forthcoming financial conditions, rise up to 65.6 points from 64.1 on November is predicted. While the Prelim UoM Inflation Expectations, value in percentage that consumers prices expected on the next 12 months, no change is predicted this time and due to remain 3.2%.

In Canada, Trade Balance, value the difference between exported and imported goods and services on the past month, expected to further reduce from 1.2B on November down to 0.7B now.

More in Canada, Labor Productivity, measures labor efficiency on goods and services production, rise is furcated from -0.9% on November up to 0.4% now.

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

In Europe, EU Economic Summit, state leaders are scheduled to meet in Brussels, regarding the Eurozone crisis,

More in Europe, French Industrial Production, to value the output manufacturers, mines etc. production, due to rise from -1.7% up to -0.1%.

Moreover in Europe, French Gov Budget Balance, -92.7B is expected with no change from the last month.

Later in Europe, German Trade Balance, predicted to decrease down to 14.5B from November.

Finally in Europe, German Final Consumer Price Index (CPI); is expected to remain the same like in November.

For more on the Euro, read the  Euro to dollar forecast.

In Great Britain, Producer Price Index (PPI) Input, consumer inflation important indicator to value the manufacturers price Change, due to rise from -0.8% on November up to 0.3% this month. And on the Producer Price Index (PPI) rise up to 0.2% is predicted.

More in Great Britain, Trade Balance, value the difference between exported and imported goods and

Finally in Great Britain, The Conference Board (CB) Leading Index is about to remain -0.3%.

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

That’s it for today.

Happy forex trading!

Anat Dror

Anat Dror

Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer