Forex Daily Outlook – August 29 2011


We start the week with some interesting events Pending Home Sales in the US Jean-Claude Trichet; speech and more. Let’s see what awaits us today.

In the US, Pending Home Sales, report that released monthly to measure the homes that are under contract to be sold, reductions from 2.4% on July to -0.8% this month.

Later in the US, Personal Spending, monthly measurement of all Consumers spending rise from m-0.2% on July to 0.5% this time is predicted.

More in the US, Core PCE Price Index, price of all consumers services (without food and energy), rise of 0.1% from July to 0.2% this month.

Finally in the US, Personal Income due to reach 0.3% rises of 0.2% from July.

In Europe, Jean-Claude Trichet, European Central Bank (ECB) President, is about to deliver a speech in Brussels.

More in Europe, German Prelim Consumer Price Index (CPI), Change in the price consumers services is about to reduce by 0.4%.

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

In New Zealand, Building Consents, number of new building approvals delivered, about to remain -1.4% like on July.

In Japan, Household Spending, monthly report for consumer spending, about to rise from -2.9% from -4.2% on July.

More in Japan, Retail Sales, main indicator for consumer spending, due to remain 1.2% similar to last month.

Later in Japan, Unemployment Rate due to remain 4.6% like on the last month.

Read more about the yen in the USD/JPY forecast.

For more events later in the week, check out the Live Forex Calendar

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About Author

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

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