Forex Daily Outlook – August 25 2011


Unemployment Claims in the US and Martin Weale speech in Doncaster are the major market-movers. Let see what awaits us today.

Jackson Hole Symposium (Day 1), Financial Symposium in Jackson Hole Wyoming for central bankers, finance ministers, academics, and worldwide economic market participants.

In the US, Unemployment Claims, weekly measurements of new unemployment claims filed by Americans, is likely to reduce by 6K to 402K

More in the US, Natural Gas Storage is likely to remain 50B this month that is similar to the previous one.

In Canada, Corporate Profits, quarterly measurement for the businesses incomes, 4.2% is likely with small change from the last time.

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

In Europe, GfK German Consumer Climate, Survey with 2,000 consumers to measure the level of former and upcoming economic conditions, 5.2 points are forecasted (0.2 points less than the previous time).

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

In Great Britain, CBI Realized Sales, Montly Survey (160 retail and wholesale corporations) to rate the present sales volume, further reduce from -5 points to -10 points is forecasted this time.

More in Great Britain, Martin Weale, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is about to deliver a speech in Doncaster.

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

In Switzerland, Employment Level, quarterly measurement for the Number of employed people, 4.11M is expected like on the previous time.

More in Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations; Survey to value the economic outlook for Switzerland over the last 6 months, -58.9 points is expected.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, Glenn Stevens, Reserve Bank of Australia (RBA) Governor is about to speech in Melbourne.

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

In Japan, Tokyo Core Consumer Price Index (CPI); price of goods and services purchased by consumers in Tokyo (excluding fresh food), reduce of 0.5% is expected to -0.1%. While on the National Core CPI reduce of 0.3% to -0.1% is forecasted.

Read more about the yen in the USD/JPY 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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