Forex Daily Outlook August 23 2013


We end this week with New Home Sales in the US and CPI in Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.

Jackson Hole Symposium (Day 2), The Economic Symposium that is held in Jackson Hole, Wyoming. Central bankers & finance ministers from around the world are due to attend it.

In the US, New Home Sales, calculate the new homes that were sold on the last month, 487K is due now.

In Canada, Consumer Price Index (CPI), consumer’s price change for goods and services, rise up to 0.1% is likely now. While on the Core CPI (without the 8 most volatile items), rise of 0.2% is predicted now.

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

In Europe, Consumer Confidence’ -17 points are likely now similar to the last month Survey.

Later in Europe, Belgium National Bank of Belgium (NBB) Business Climate, -11.1 is predicted now from -12.0 on July.

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

In Great Britain, Second Estimate Gross Domestic Product (GDP), primary economy indicator to value all goods and services produced by the economy, 0.6% is forecasted on this quarter.

Later in Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, the new BBA mortgages approved for home purchase, rise up to 38.8K from 37.3K is calculated this time.

More in Great Britain,  Prelim Business Investment, value all the  investments made by businesses and the government, rise up to 0.6^ now from -1.9% on the last quarter.

Finally in Great Britain, Index of Services is expected with 0.7% similar to the last time.

Read more about the Pound in the GBP/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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