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Forex Daily Outlook October 17 2012 – housing, jobs

Building Permits in the US and Claimant Count Change in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Building Permits, outstanding future construction activity indicator, rise of 0.1M is due up to 0.80M from the last month.

Later in the US, Housing Starts, value the new residential constructions that began building on the last month, rise of 0.2M is due from September up to 0.77M now.

Finally in the US, Crude Oil Inventories, weekly report to measure the commercial firm’s crude oil barrels that are held in inventory, 1.4M is expected from 1.7M on the last week.

In Great Britain, Claimant Count Change, value the change of people that are claiming unemployment benefits, -0.2K is likely now from -15.0K on September.

Later in Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, is the detailed record of the Bank of England (BOE) MPC’s latest meeting, that can provide insights regarding the financial conditions.

More in Great Britain, Unemployment Rate, measures by percentage all the unemployed that are actively looking for employment over the last 3 months, 8.1% is predicted with no change from September.

Moreover in Great Britain, Paul Tucker, Bank of England (BOE) Deputy Governor is due speak in in London.

Finally in Great Britain, Average Earnings Index is due to rise up by 0.1% from the last month up to 1.6%.

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

In Switzerland, ZEW Economic Expectations, Zentrum fur Europaische Wirtschaftsforschung (ZEW), investors and analysts monthly survey to rate the 6 month financial outlook for Switzerland, -34.9 is likely this month similar to the last time.

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

Trade well

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