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Forex Daily Outlook November 28 2012

New Home Sales in the US and Private Capital Expenditure in Australia are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, New Home Sales, Annualized calculation for the new homes that were sold on the last month, 387K is due now from 389K on the last time.

Late in the US, Crude Oil Inventories, weekly indicator to measure the commercial firms f crude oil barrels that are held in inventory, rise up to 0.5M is expected now from -1.5M on the last week.

More in the US, Daniel Tarullo, Federal Reserve Governor, is due to deliver a speech in New Haven.

Finally in the US, Beige Book, that is scheduled 8 times per year, is due now.

In Europe, German Prelim Consumer Price Index (CPI), consumers’ price change for goods and services, reduce to -0.1% is likely now.

Later in Europe, M3 Money Supply, value the the total quantity of currency of deposited in banks, rise of 0.1% id predicted now up to 2.8% from October.

Finally in Europe, Private Loans, -0.8% is due now with no change from the last month report.

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

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

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

In Australia, Private Capital Expenditure, calculates all the new capital expenditures that were made by private businesses on the last quarter, 2.1% is due now from 3.4% on the last time.

Later in Australia, Housing Industry Association (HIA) New Home Sales, shows the newly homes sold, -3.7% is forecasted with no change from October.

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

In New Zealand, NBNZ Business Confidence, Monthly Survey to value the  economic outlook for the   relative 12-month, 17.2 points is due similar to the last time.

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

In Japan, Retail Sales is due to drop down to -0.7% now from 0.4% on the last month.

Read more about the yen in the USD/JPY 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