Forex Daily Outlook November 22 2011

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FOMC Meeting Minutes in the US and Public Sector Net Borrowing in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, full record of the FOMC’s latest meeting that provides financial conditions visions on interest rates.

More in the US, Prelim Gross Domestic Product (GDP), largest indicator of financial activity and economy’s health measures all goods and services that were produced over the last quarter, due to remain 2.5% with no change from the last report. And so remain in the Prelim GDP Price Index 2.5% like on the previous time.

Later in the US, Narayana Kocherlakota, Federal Reserve Bank of Minneapolis President, is about to speak in Winnipeg.

Finally in the US, Richmond Manufacturing Index about to rise up to -2 points, 4 points up from October’s report.

In Canada, Retail Sales More in Canada, main measure of consumer spending, due to remain 0.5%. and the Core Retail Sales (without cars) also no change is expected and 0.4% is predicted.

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

In Europe, Consumer Confidence, due to remain -20 points similar to the last month survey.

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

In Great Britain, Public Sector Net Borrowing, value the difference between governments and public companies spending on the passing month, decrease is forecast from 11.4B on October down to 4.1B now.

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

In Switzerland, Trade Balance, the difference in exported and imported goods, rise is expected from 1.85B on October up to 2.06B this month.

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

In Australia, The Conference Board (CB), Leading Index, compound report that is based on 7 financial indicators, about to remain -0.1% like on October.

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

In New Zealand, Inflation Expectations, quarterly measurement to value the goods and services expectation of price changes by percentage on the next two years, 2.9% is expected now.

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

That’s it for today.

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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