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New Home Sales in the US and EU Economic Summit in Europe are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, New Home Sales leading monthly report to value the new sold households on the last month, is about to rise from 295K on September up to 302K now.

Later in the US, Durable Goods Orders, important measurement for new manufacturers purchase orders, a rise from -0.1% on September up to 0.5% is predicted. And on the Core Durable Goods Orders (without transportation items) further reduce from -0.1% on September down to -0.7% is expected.

Finally in the US, Crude Oil Inventories, weekly report to measure the crude oil barrels in commercial inventory, is about to up to 0.5M from -4.7M on the last report.

In Canada, Bank of Canada (BOC) Monetary Policy Report offers valuable vision into the bank’s view of financial circumstances and inflation – the primary influence issues over the upcoming of monetary policy and the interest rate results.

More in Canada, Bank of Canada (BOC) Press Conference, focus on the latest interest rate decisions, like the financial outlook and inflation and offers clues about future financial policy.

Finally in Canada, Mark Carney, Bank of Canada (BOC) Governor is due to lecture in New York

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

In Europe, European Union (EU) Economic Summit, very important meeting with Euro-zone Heads of state and ECB President Trichet to discuss the monetary stability in the Euro area and regarding the support package for Greece.

More in Europe, German Import Prices is due to rise from -0.7% up to 0.5%

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

In Great Britain, Adam Posen, External Bank of England (BOE) Monetary Policy Committee (MPC) Member, is about to deliver a speech in New York.

More in Great Britain, CBI Industrial Order Expectations, manufacturers monthly survey of to value the level of orders on the next 3 months, additional decrease of 1 point down to -8 points is forecasted this time.

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

In Australia, Consumer Price Index (CPI), value the consumers prices for goods and services, is about to reduce to 0.6% this time from 0.9% on September. Meanwhile the Trimmed Mean CPI (without the most explosive 30% of items) is also expected to reduce down from 0.9% on September to 0.7% this month.

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

In New Zealand, Reserve Bank of New Zealand (RBNZ) Rate Statement, primary meeting that discusses the economic conditions, interest rates and outcome of future decisions.

More in New Zealand, Official Cash Rate, Interest rate at that is used by RBNZ to other banks, is due to remain 2.50% like on the previous times.

 Later in New Zealand, NBNZ Business Confidence, monthly survey to rate the relative economic outlook over the past 12 month, 34.4 points are expected this time with no change from the previous one.

Finally in New Zealand, Trade Balance is about to rise from -641M on September up to -421M this time.

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

In Japan, Retail Sales, main gauge of consumer costs, is due to rise by 2.6% from the last report on September.

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

Happy forex trading

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