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Forex Daily Forecast November 7 2011

We start the week with some interesting events like Halifax HPI in the UK and ANZ Job Advertisements in Australia as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Consumer Credit, value of unpaid requires payments consumers credit that over the previous month, due to rise from -9.5B on October up to 5.2B now.

In Europe, Retail Sales, the key indicator of consumer spending, due to rise by 0.3% from October.

More in Europe, Sentix Investor Confidence, investors and analyst’s survey to value the financial outlook for the past 6 months, is about to further reduce from -18.5 on down to -19.7 this time.

Finally in Europe, German Industrial Production, measures the manufacturers output, due to reduce down to -0.7% from -1.0% on October.

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

In Great Britain, Halifax House Price Index (HPI), value the price difference of  in Change households that are  the of supported by Halifax Bank of Scotland (HBOS), expected to rise from -0.5% up to 0.1%.

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

In Switzerland, Thomas Jordan, Swiss National Bank (SNB) Governing Board Vice-Chairman is due to deliver a speech in in Lucerne.

More in Switzerland, Consumer Price Index (CPI), value the consumer’s price change of goods and services,

Is about to reduce by 0.1% down to 0.2%.

Finally in Switzerland, Unemployment Rate expected to remain 0.3% with no change from the last month.

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

In Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, measures the number of jobs advertised in the main media, expected to remain -2.1% similar to the previous time.

More in Australia, AIG Construction Index is due to remain 3% like on October’s monthly survey.

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

In Japan, Leading Indicators, index combined of 12 financial indicators, forecast to reduce from 103.8% down to 96.3%.

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

That’s it for today.

For more events later in the week, check out the Live Forex Calendar

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