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Forex Daily Outlook – October 24 2011

Mo – We start the week with Flash Manufacturing PMI in Europe and MPC Member Tucker speech in the UK as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, William Dudley, Federal Reserve Bank of New York President, is due to deliver a speech in Bronx.

In Europe, European Union (EU) Economic Summit, an important meeting with ECB President Trichet, IMF head Laggards and Heads of state from Euro-zone states, regards monetary stability in the Euro area.

More in Europe, Flash Manufacturing Purchasing Managers’ Index (PMI); monthly survey of manufacturing managers to value business conditions in various areas, due to reduce to 48.1 points in French also and to 50 points in Germany.

Also in  Europe, Flash Services Purchasing Managers’ Index (PMI); monthly survey of services managers to value business conditions in various areas, due to reduce to 48.6, in French down to 50.6  and in Germany down by 0.1 points to 49.8 points.

Later in Europe, Industrial New Orders, monthly measurement to value the new manufacturers purchase orders, is about to rise up to 0.1% from -1.6% on the last month.

Finally in Europe, Jean-Claude Trichet, European Central Bank (ECB) President is due to speech in Berlin.

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

In Great Britain, Paul Tucker, Bank of England (BOE) Deputy Governor is about to lecture in Brussels.

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

In Australia, Producer Price Index (PPI) the producers prices of finished goods and services, is predicted to remain 0.8% like on the previous report.

More in Australia, Ric Battellino, Reserve Bank of Australia (RBA) Deputy Governor, is expected to speech in Sydney.

Finally in Australia, The Conference Board (CB) Leading Index based on 7 financial gages; due to remain -0.1% like on September.

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

In New Zealand, Consumer Price Index (CPI), consumers prices of goods and services, is about to reduce from 1% on September to 0.8% this time.

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

In Japan, Trade Balance, the value between exported and imported goods on the last reported month, is about to reduce from -0.29T on September down to -0.11T this month.

Finally in Japan

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

For more events later in the week, check out the Live Forex Calendar

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