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Forex Daily Outlook November 18 2011

We summarize this week Treasury Currency Report in the US and PPI in Europe are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Treasury Currency Report shows the worldwide exchange rate policies, financial conditions, and global government actions. Emphasize outlines reports.

More in the US, The Conference Board (CB) Leading Index, is about to rise up to 0.5% from October.

Later in the US, Richard Fisher, Federal Reserve Bank of Dallas President, is due to lecture in Dallas.

Finally in the US, William Dudley, Federal Reserve Bank of New York President, is about to speak in in New York.

In Canada, Consumer Price Index (CPI), significant inflation indication to value the consumer’s goods and services prices, due to reduce down to 0.1% from 0.2% in October. And the Core CPI (excluding 8 volatile items) is due to drop down from 0.5% in October to 0.2% now.

More in Canada, Jean Boivin, Bank of Canada (BOC) Deputy Governor, is about to speak in Thompson.

Finally in Canada, Leading Index, merged index based on 10 financial pointers, is about to rise up from -0.1% on October to 0.2% this time.

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

In Europe, Mario Draghi European Central Bank (ECB) President, is about to give a speech in Frankfurt.

More in Europe, German Producer Price Index (PPI), measure the change in manufacturer’s goods prices on the last month, is due to decreases from 0.3% on October down to 0.1% now.

For more on the Euro, read the  Euro to dollar 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