Home Forex Daily Outlook November 9 2011 – Bernanke
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Forex Daily Outlook November 9 2011 – Bernanke

Fed Chairman Bernanke Speaks in Washington DC and Trade Balance in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Ben Bernanke, Federal Reserve Chairman, is due to lecture in Washington DC

More in the US, Crude Oil Inventories, value the difference in crude oil barrels over the previous week, 1.8M is expected this time similar to the last report.

Later in the US, Daniel Tarullo, Federal Reserve Governor, is about to speak in New York.

Finally in the US, Wholesale Inventories is about to rise up to 0.5% from the last month.

In Canada, New Housing Price Index (NHPI), value the difference on new households selling prices, about to rise by 0.1% from t October up to 0.2%.

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

In Europe, French Gov Budget Balance is about to remain -102.8B similar to the previous month.

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

In Great Britain, Trade Balance, monthly indicator to value the difference between good’s import and export, a rise is predicted from -7.8B on October up to -8.0B now.

More in Great Britain, British Retail Consortium (BRC) Shop Price Index, is about to remain 2.7% this time.

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

In Australia, Home Loans, important indicator of housing market demand that value the new loans, is forecasting a rise from 1.2% on October up to 1.7% this time.

More in Australia, Dr. Philip Lowe Reserve Bank of Australia (RBA) Assistant Governor is due to speak in Melbourne.

Finally in Australia, MI Inflation Expectations, measures in percentage the price changes of goods and services on the past 12 months, expected to remain 3.1% similar to the last time.

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

In New Zealand, Reserve Bank of New Zealand (RBNZ) Financial Stability Report, offers visions of inflation’s bank view regarding conditions that can future affect the interest rates.

More in New Zealand, Business NZ Manufacturing Index, is expected to remain 5.8 points similar to the last month.

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

In Japan, Core Machinery Orders, important indicator of production that value the new manufacturers purchase orders, is about to reduce from 11% on October down to -7.2%.

More in Japan, M2 Money Stock is expected to remain 2.7% like on the previous month.

Read more about the yen in the USD/JPY 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