Home Forex Daily Outlook November 8 2011
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Forex Daily Outlook November 8 2011

Manufacturing Production in the UK and Housing Starts in Canada are the main events lined up.  Let’s see what awaits us today.

In the US, Charles Plosser, Federal Reserve Bank of Philadelphia President, is about to lecture in Philadelphia

More in the US, Narayana Kocherlakota, Federal Reserve Bank of Minneapolis President is due to speak in Sioux Falls.

In Canada, Housing Starts, value the new uptown houses that initiated construction over the passing month, due to reduce from 208K down to 198K this time.

More in Canada, Mark Carney, Bank of Canada (BOC) Governor is about to deliver a speech in London.

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

In Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings, the largest monetary decision making figure and the coordinator of the 27 member states, have a extensive effect on the Eurozone’s financial health.

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

In Great Britain, Manufacturing Production, value the manufacturers output and expects to rise from -0.3% on October up to 0.2% now.

More in Great Britain, RICS House Price Balance, top indicator of housing inflation because on most recent price data survey, about to remain -2.3% like on October.

Later in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate, measures the last 3 months economy production of goods and services, 0.5% is expected similar to the last time.

Finally in Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, measures the difference in same -stock retail level sales, 0.3% is forecasted with no change from the last month.

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

In Switzerland, Philipp Hildebrand, Swiss National Bank (SNB) Governing Board Chairman, is about to speech in Berlin.

More in Switzerland, Thomas Jordan, Swiss National Bank (SNB) Governing Board Vice-Chairman is due to lecture in Berlin.

Finally in Switzerland, SECO Consumer Climate, Monthly Survey to rate the present and upcoming financial conditions, is about to additional decrease from-17 on October down to -23 this month.

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

In Australia, Trade Balance, value the difference between goods and services imported and exported, about to reduce from 3.10B on October down to 3.02B now.

More in Australia, National Australia Bank (NAB) Business Confidence, monthly industries survey to measure the existing business conditions, due to remain -2 points similar to October.

Finally in Australia, Westpac Consumer Sentiment, monthly consumer’s survey to value the previous and forthcoming monetary conditions due to remain 0.4%.

For more on the Aussie, read the  AUD/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