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Forex Daily Outlook October 15 2013

CPI  in the UK and ZEW Economic Sentiment in Europe are the main events lined up.  Let us see what awaits us today.

In the US, Empire State Manufacturing Index by manufacturers in New York state to rate the general business conditions, rise up to 8.2 points now is likely from 6.3 points on September.

Later in the US, William Dudley, Federal Reserve Bank of New York President is due to participate in a panel in Colonia Juarez.

In Europe, ZEW Economic Sentiment, Survey to rate the Eurozone economic outlook on the last 6 months, rise up to 59.4 points is likely from 58.6 on September. While on German ZEW Economic Sentiment reduce of 0.4 points is due down to 49.2 points.

Later in Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings, Eurozone’s broadest financial decision-making body and their initiatives and decisions.

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

In Great Britain, Consumer Price Index (CPI), consumer’s price change of goods and services, drop down of 0.1% from September is due to 2.6%. While on the Core CPI (without the volatile food, energy, alcohol, and tobacco items) 2.0% is likely to remain similar to the last, time.

Later in Great Britain, PPI Input, value the price change of manufacturer’s goods and raw materials, -0.1% predicted now from -0.2% on the last month. In addition, on the PPI Output rise of 0.2% up to 0.3% forecasted this time.

Finally in Great Britain, Retail Price Index (RPI), 3.2% is due now similar to the previous report. Moreover, on the House Price Index (HPI), rise of 0.3% from September up to 3.6% is likely now.

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

In Australia, Melbourne Institute (MI) Leading Index, 0.6% is due now.

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

In New Zealand, Consumer Price Index (CPI), value the consumers’ price change of goods and services, rise up to 0.28% calculated now from 0.2% on the last month.

For more about the kiwi, see the NZD/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