Forex Daily Outlook – August 18 2011


Existing Home Sales in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Consumer Price Index (CPI), measurement to value the goods and services prices, a raise -0.2% to 0.2% is forecasted this month. Meanwhile the Core CPI (excluding food and energy) is expected to drop by 1% to 0.2%.

Later in the US, Unemployment Claims, new insurances on the passing week growth to 403k is expected now from 395K on the last week.

More in the US, Existing Home Sales, number of buildings sold during on the past month (without new construction), rise from 4.77M on July to 4.92M this time.

Also in the US, Philly Fed Manufacturing Index based on a monthly survey (round 250 manufacturers) to measure the general business conditions.

Later in the US, William Dudley, President of the Federal Reserve Bank of New York, is about to deliver a speech.

Also in the US the Conference Board (CB) Leading Index is due to reduce to .2%.

Finally Later in the US Natural Gas Storage is expected to remain 25B.

In Canada, Leading Index, Change in the level of a merged index based on 10 financial indicators, about to rise to 0.5% from 0.2% on July.

More in Canada, Wholesale Sales is about to drop to 1.5% from 1.9% on July.

Finally in Canada, Bank of Canada (BOC) Review includes articles related to the economy by the Department of Monetary and Financial Analysis members.

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

In Great Britain, Retail Sales expected to drop to 0.3% from 0.7% on July.

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

In New Zealand, Visitor Arrivals, -5.1% is predicted this month

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

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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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