Home Forex Daily Outlook – September 30 2011
Daily Look

Forex Daily Outlook – September 30 2011

Chicago PMI in the US and GDP in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.

 In the US, Revised University of Michigan (UoM) Consumer Sentiment, monthly survey about to rise from 57.8 points to 57.9 points. Meanwhile the Revised UoM Inflation Expectations is expected 3.7% with no change from the previous time.

Later in the US, Personal Spending is due to be 0.2% in compeer to 0.8% on August and the Personal Income 0.1% is expected from 0.3% last month.

Finally in the US, Chicago Purchasing Managers’ Index (PMI); Survey to value the business conditions on the last month; reduce to 56 points from 56.5 points on the last index. While on the Core PCE Price Index that measures only the goods and services 0.2% is expected with no change from the last month.

In Canada, Gross Domestic Product (GDP); value of all economy production of goods and services, a rise from 0.2% on August to 0.3% is expected.

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

In Europe, Unemployment Rate, the amount of the all unemployed work force that is looking for work, 10% is expected now with no change from the last month.

More in Europe, Consumer Price Index (CPI) Flash Estimate is about to remain 2.5% like on the previous month.

Also in  Europe, French Consumer Spending, important indicator to value consumers expenses for all goods. Is about to reduce to 0.2% from 1.2% on August.

Finally in Europe, German Retail Sales is due to droop down from 0.3% on August to -0.4%.

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

In Switzerland, KOF Economic Barometer, composite index that is built on 12 monetary indicators, is about to reduce from 1.61 points on August to 1.46 this month.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, Private Sector Credit, measures the credit that were distributed to buyers and businesses; 0.2% is expected similar to the last report.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, NBNZ Business Confidence, monthly survey to value the relative monetary outlook for the past 12-month, 34.4 points are expected similar to the previous index.

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

In Japan, Housing Starts is about to reduce from 21.2% on August to 4.6% this time.

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

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