Forex Daily Outlook – September 13 2011


In the US FOMC Member Fisher Speaks, and RICS House Price Balance in the UK  are the main events lined up.  Let’s see what awaits us today.

In the US, Federal Budget Balance, monthly report to value the deference between the income and spending of the federal government’s, this month a deficit is predicted from -129.4B on the last month to -126.5B this time.

More in the US, Import Prices, monthly measurement of the imported goods and services prices that were purchased domestically, reduce from 0.3% on August to -0.6% this time is expected.

Finally in the US, Investor’s Business Daily (IBD) / Techno Metrica Institute of Policy and Politics (TIPP); Economic Optimism is likely to remain 35.8 points like on the August.

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

In Europe, French Consumer Price Index (CPI), monthly measurement of consumers prices for goods and services, rise from -0.4% on August to 0.3% this time.

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

In Great Britain, Consumer Price Index (CPI), Consumer prices for goods and services on the last month, about to rise by 0.1% up to 4.5%. Meanwhile the Core CPI (excluding the unstable food, energy, alcohol, and tobacco substances) is about to reduce by 0.1% to 3%. And on the Retail Price Index (RPI) no change from the last month 5%.

More in Great Britain, Trade Balance, change between imported and exported goods over the last month, small rise of 0.4B from August to -8.5B.

Later in Great Britain, Adam Posen, External Bank of England (BOE) Monetary Policy Committee (MPC) Member about to Speak in Gloucestershire

Also in Great Britain, Nationwide Consumer Confidence about to remain 49 points with no change from the last survey on August.

Finally in Britain, Department for Communities and Local Government (DCLG) House Price Index (HPI), is due to further reduce to -1.1%.

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

In Australia, National Australia Bank (NAB) Business Confidence, Survey (around 350 businesses) to rate the present business conditions, is about to remain 2 points like on the previous 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) monthly report to value the selling price of all households; -0.6% is expected like on the previous month.

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

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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

1 Comment

  1. bagus harimurti on

    I believe US$ still strong this week, bearish taste for other currency