Forex Daily Outlook – September 12 2011

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We start the week with Richard Fisher speech in Dallas and Trade Balance in Australia as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Richard Fisher, Federal Reserve Bank of Dallas President is due to deliver a speech in Dallas.

In Europe, Jean-Claude Trichet, European Central Bank (ECB) President is about to Speak in Basel.

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

In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance based on monthly survey and is about to remain -22% similar to the previous report.

More in Great Britain, Nationwide Consumer Confidence, survey to value the present and upcoming financial conditions.

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

In Australia, Trade Balance, monthly measures the value between imported and export services goods, about to reduce from 2.05B on August to 1.91B this month.

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

In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI) is due to remain -0.6% similar to the previous time.

More in New Zealand, Food Price Index (FPI), 2% is expected like on the last time.

Later in New Zealand, Manufacturing Sales, 2.9 is forecasted with no change from the previous report.

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

In Japan, Monetary Policy Meeting Minutes, the last record of the Bank of Japan (BOJ Policy Board’s meeting regarding the financial conditions that prejudiced decisions regarding the interest rates.

More in Japan, BSI Manufacturing Index, quarterly survey to value the general business conditions, -23.3 points are forecasted with no change from the last time.

Later in Japan, Tertiary Industry Activity, value the businesses services on the passing month, expected to reduce from 1.9% on August to 0.3% this time.

Finally in Japan Corporate Goods Price Index (CGPI) 2.7% is expected this time.

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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