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Forex Daily Outlook October 10 2012

Beige Book in the US and Industrial Production in Europe are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Beige Book, it is used by the Federal Open Market Committee (FOMC) for their next decision on interest rates.

Later in the US, Daniel Tarullo, Federal Reserve Governor is due deliver a speech in Philadelphia.

Finally in the US, Wholesale Inventories, value the wholesaler’s goods that are held in inventory, 0.4% is predicted now from 0.7% on September.

In Europe, French Industrial Production, value the manufacturer’s mines, and utilities output, is due to reduce to 0.1% from 0.2% on the last month.

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

In Switzerland, Thomas Jordan, Swiss National Bank (SNB) Governing Board Chairman is due to speak in Tokyo.

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

In New Zealand, Business NZ Manufacturing Index Monthly manufacturer’s Survey to value the business conditions like employment, new orders, supplier deliveries and inventories, this time  47.2 points are predicted.

Later in New Zealand, Food Price Index (FPI) is likely to remain similar to the previous monthly report with 0.1%.

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

In Japan, Masaaki Shirakawa, Bank of Japan (BOJ) Governor is due to speak in Tokyo.

Later in Japan, Monetary Policy Meeting Minutes, Bank of Japan (BOJ) Policy detailed record Board’s meeting that provides information regarding the economic conditions and interest rates decisions.

Later on in Japan, Core Machinery Orders, value the new manufacturers’ machines purchase orders (without ships and utilities), -2.4% is due now from 4.6% on the last month.

Finally in Japan, Bank Lending, 0.9% is due now with no change from the last 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