Forex Daily Outlook – August 11 2011


Trade Balance in the US and ECB Monthly Bulletin in Europe are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, to measure the cost among imported and exported services and goods on the prior month, further reduce from -50.2B on July to -47.5B this month is expected.

Later in the US, Trade Balance, weekly indicator of the number of unemployed issued for the first time insurance, about to slightly rise from 400K to 402K this week.

Finally in the US, Natural Gas Storage is about to remain 44B similar to the previous time.

In Canada, Trade Balance, the value between imported and exported goods is about to further reducing from -0.8 to -0.9%.

More in Canada, New Housing Price Index (NHPI) is about to rise from 0.4% on July to 0.5% this month.

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

In Europe, ECB Monthly Bulletin, indicate on the reveals interest rate decision from the ECB Governing Board evaluation and provides information regarding the present and upcoming financial bank’s conditions.

More in Europe, German Wholesale Price Index (WPI) is due to further reduce to -0.3%.

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

In Great Britain, CB Leading Index is due to remain 0.6% similar to the previous report.

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

More in Australia, Unemployment Rate, leading measurement of unemployment in Percentage is due to remain 4.9%, while the Employment Change that value by numbers is about to reduce from 23.4K on July to 10.3K this month.

Finally in Australia, MI Inflation Expectations is due to remain 3.4% with no change from the last report.

For more on the Aussie, read the AUD/USD 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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