Forex Daily Outlook – October 21 2011


Public Sector Net Borrowing in the UK and CPI in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.

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

Later in the US, Janet Yellen, Federal Reserve Governor, is due to lecture in Denver.

Finally in the US, Elizabeth Duke Federal Reserve Governor, is expected to speech in Virginia Beach.

In Canada, Consumer Price Index (CPI), value the consumer prices that can account for an overall inflation, reduce of 0.2% is expected down to 0.1% this month. While on the Core CPI (without the 8 best volatile items) 0.2% is forecasted, drop of 0.2% from September.

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

In Europe, German Information and Forschung (Ifo) Business Climate, measure index built on surveyed manufacturers, builders etc. is likely to reduce from 107.5 points on September down to 106.3 this month.

More in Eurpoe, Jean-Claude Trichet European Central Bank (ECB) President is due to lecture in Warsaw.

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

In Great Britain, Public Sector Net Borrowing, difference in value between spending and income for the central and local governments, likely to reduce from 13.2B on September down to 11.9B.

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

In Australia, Import Prices, value the price of importers goods, reduce of 0.2% from the last quarter and 0.6% is predicted now.

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

In New Zealand, Credit Card Spending, 4.7% is predicted similar to the previous month.

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

Happy forex trading

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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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