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Forex Daily Outlook September 24 2013

In the US CB Consumer Confidence and Retail Sales in the Canada are the main events lined up.  Let’s see what awaits us today.

In the US, The Conference Board (CB) Consumer Confidence, Monthly Business Conditions Survey to rate the current and future economic conditions such as labor availability, and overall economic situation, 79.9 points are due now from 81.5 points on August.

Later in the US, Standard & Poor’s (S&P) / Case-Shiller (CS) Composite-20 House Price Index (HPI), leading housing industry’s health indicator to value the price change of homes in 20 metropolitan areas; rise up to 12.5% is due from 12.1% on the last month.

Finally in the US, Esther Georg, Federal Reserve Bank of Kansas City President, is about to speak in Chicago.

In Canada, Lawrence Schembri, Bank of Canada (BOC) Deputy Governor, is due to speak in Ottawa.

Later in Canada, Retail Sales, value al the sales at the retail level, rise up to 0.6% from -0.6% on August is expected, and similar is due in the Core Retail Sales (not including cars), rise from -0.8% on the last month up to 0.6% now.

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

In Europe, GfK German Consumer Climate, Consumer Spending Survey to value the past and future economic conditions, like climate for major purchases, and overall economic situation, rise from 6.9 points on August up to 7.1 points is due now.

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

In Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, housing market indicator to measure the new mortgages approved for homes that were purchase by BBA banks, 38.6K is likely now from 37.2K on the past month.

Later in Great Britain, David Miles, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is about to speak in Newcastle.

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

Finally in Great Britain, Charles Bean, Bank of England (BOE) Deputy Governor, is likely to speak in London.

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

In Australia, RBA Financial Stability Review, an assessment of conditions in the financial system and potential risks to financial stability.

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

In New Zealand, Trade Balance, value the difference between imported and exported goods, -722M is calculated now from -774M on the previous month.

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

Trade well24

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