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Forex Daily Outlook October 10 2013

In the UK MPC Rate Statement and in Europt ECB President Draghi Speaks are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly measurement to value the unemployment insurance requests, 307K is due now 1K reduce from the last report.

Later in the US, James Bullard, Federal Reserve Bank of St. Louis President is about to deliver opening remarks in St Louis.

More in the US, Natural Gas Storage, 96B is likely now from 101B on the last week.

Finally, in the US, Daniel Tarullo, Federal Reserve Governor is likely to speak in Washington DC.

In Canada, New Housing Price Index (NHPI), value the new homes selling price, rise of 0.1% is due now up to 0.3% from September.

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

In Europe, Mario Draghi, European Central Bank (ECB) President is due to speak in New York.

Later in Europe, European Central Bank (ECB) Monthly Bulletin, shows the statistical data for the ECB Governing Board evaluation regarding the latest interest rate decision and bank’s viewpoint on future economic conditions.

Finally in Europe, German Final Consumer Price Index (CPI) no change is likely from the last month. While on the German Wholesale Price Index (WPI) rise up to 0.5% is due now from -0.6% on September.

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

In Great Britain, Monetary Policy Committee (MPC) Rate Statement, the primary MPC tool uses to communicate with investors on monetary policy, and discusses the economic outlook of future votes. In addition, on the Official Bank Rate 0.50% is due similar to the previous months.

Later in Great Britain, Asset Purchase Facility, value all the money that the Bank of England (BOE) will create and use for purchasing assets in the open market, 375B is likely now with no change from September.

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

In New Zealand, Food Price Index (FPI), the price change of food services purchased by households, -0.5% is due now.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Haruhiko Kuroda, Bank of Japan (BOJ) Governor is due to speak in Washington DC.

Later in Japan, Corporate Goods Price Index (CGPI), reduce to 0.2% from 2.4% on the past month is predicted now.

More in Japan, M2 Money Stock likely to remain 3.7% similar to September.

Read more about the yen in the USD/JPY forecast.

Trade well

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