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Forex Daily Outlook August 21 2013

In the US FOMC Meeting Minutes in the US and Flash Manufacturing PMI in Europe are the main events today.   Here is an outlook on the market-movers awaiting us

Later In the US, Federal Open Market Committee (FOMC) Meeting Minutes, Planned 8 times per year, detailed record of the FOMC’s last meeting, and providing insights on the financial conditions regarding the interest rates.

Later on in the US, Existing Home Sales, yearly calculation of residential buildings that were sold on the last month (not including new construction), rise up to 5.15M from 5.08M on July is likely now.

Finally in the US, Crude Oil Inventories, weekly indicator to value the crude oil barrels that are held in commercial firm’s inventory, -2.8M is due now.

In Europe, French Flash Manufacturing Purchasing Managers’ Index (PMI), Business Conditions Monthly Survey to rate the employment, new orders, supplier deliveries, and inventories, 50.4 points are due from 49.7 points on July. And similar rise is likely on the German Flash Manufacturing PMI up to 51.1 points from 50.7 points on the last time.

Later in Europe, French Flash Services Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as production, prices, supplier deliveries, and inventories, 51.7 points are calculated now from 51.3 points on the July. While on the French Flash Services PMI, 49.3 points are forecasted now from 48.6 points.

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

In Great Britain, CBI Industrial Order Expectations, Manufacturers Survey to calculate the order volume expected on the next 3 months, -8 points are due now from -12 points on the last time.

Later in Great Britain, Public Sector Net Borrowing, monthly measurement to value the difference between spending and income for public corporations and central & local government, -4.8B is due now from 10.2B on the previous report.

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

In Switzerland, Trade Balance, 2.91M is predicted now from 2.82B on July.

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

In Australia, The Conference Board (CB) Leading Index, a composite index that is based on 7 monetary indicators with no change from the last time.

For more on the Aussie, read the  AUD/USD 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