Forex Daily Outlook – October 18 2011
Daily Look

Forex Daily Outlook – October 18 2011

Fed Chairman Bernanke Speaks in the US and CPI   in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Ben Bernanke, Federal Reserve (Fed) Chairman, is expected to lecturer in Boston.

Later in the US, Treasury International Capital (TIC) Long-Term Purchases, value the difference between foreign & US citizens long-term securities purchased, rise from 9.5B on September up to 27.8B now is likely.

More in the US, Producer Price Index (PPI), value of finished goods and services producer’s prices, is due to rise up to 0.2% now. While on the Core PPI (excluding food and energy) 0.1% is expected with no change from the last reported month.

Finally in the US, NAHB Housing Market Index, is about to rise to 15 points and show promising outlook on household sales.

In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, rate the relative 6 month financial outlook by a survey (350 official investors), due to further reduce from -44.6 points on September down to -45.1 points. Meanwhile the German ZEW Economic Sentiment is due to reach -44.7 points.

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

In Great Britain, Consumer Price Index (CPI), value the average price of various goods and services, is due to rise from 4.5% on September up to 4.5% this time, while on the Core CPI due to be 3.2% similar to the last month. And the ­ ­ ­ ­ Retail Price Index (RPI) that is the purpose of consumption is due to rise up to 5.4%.

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

In Australia, Monetary Policy Meeting Minutes, the latest Reserve Bank of Australia (RBA) Reserve Bank Board’s meeting, with the updated financial conditions regarding where to set interest rates

More in Australia, Dr. Guy Debelle Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets) is about to speak in Sydney.

Later in Australia, Melbourne Institute (MI) Leading Index composite guide based on 9 financial indicators is about to remain 0.5%.

For more on the Aussie, read the  AUD/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