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Forex Daily Outlook September 18 2013

FOMC Statement in the US and MPC Official Bank Rate Votes in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Federal Open Market Committee (FOMC) Statement & FOMC Economic Projections the FOMC primary tools used to communicate with investors on financial policy, and discusses the economic outlook. Followed by FOMC Press Conference.   And no change is expected on the Federal Funds Rate with 0.25%.

Later in the US,   Building Permits, excellent gauge of future construction that value the building permits that were issued on the past month, 0.95M is due similar to August.

Also in the US, Housing Starts, the yearly number of new residential buildings that began construction over the previous month, rise of 0.3M is due now up to 0.93M from August.

Finally in the US, Crude Oil Inventories, the Commercial firms’ Crude Oil Barrels that are held in Inventor, -0.2% is likely now simile to the last week.

In Canada, Stephen Poloz, Bank of Canada (BOC) Governor is due to give a speech in Vancouver.

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

In Great Britain, Monetary Policy Committee (MPC) Asset Purchase Facility Votes, The Bank of England (BOE’s) MPC meeting minutes. Followed by the MPC Official Bank Rate Votes.

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

In Switzerland, Swiss National Bank (SNB) Monetary Policy Assessment, SNB Governing Board tool that is uses to communicate with investors about monetary policy, and projects the economic outlook. While the Libor Rate is due to remain 0.258%.

Later in Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, monthly survey to rate the 6-month economic outlook for Switzerland.

More in Switzerland, Trade Balance, 2.74B is likely now from 2.49B on the last time.

Finally in Switzerland, State Secretariat for Economic Affairs (SECO) Economic Forecasts is due now.

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

In Australia, Reserve Bank of Australia (RBA) Bulletin is likely on this quarter.

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

In New Zealand, Credit Card Spending, is likely to remain 4.7% similar to the last month.

Later in New Zealand, Visitor Arrivals, is expected to stay 1.3% with no change from August.

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

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

Later in Japan, Trade Balance, value the difference between imported and exported good, -0.81T is likely now from -0.94T during the reported month.

Finally in Japan, All Industries Activity, rise up to 0.3% from -0.6% on August is expected now.

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