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Forex Daily Outlook – August 26 2011

Ben Bernanke in Jackson Hole and Revised GDP in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

Jackson Hole Symposium (Day 2), Financial Symposium in Jackson Hole Wyoming for central bankers, finance ministers, academics, and worldwide economic market participants.

In the US, Prelim Gross Domestic Product (GDP), important quarterly measurement to value all services and goods manufactured by the economy,reduce of 0.2% to 1.1% is expected this time, while on the Prelim GDP Price Index no change is forecasted from 2.3%.

Later in the US, Revised University of Michigan (UoM) Consumer Sentiment; a survey of consumer confidence conducted by the University of Michigan based on a survey of 500 consumers, rise to 56.3 points from 54.9 points on July is expected.

More in the US, Revised University of Michigan (UoM) Consumer Expectations; monthly survey of 500 consumers to measure the amount of change in percentage for the price of services and goods on the next 12 months, 3.4% is expected with small change from the last month.

Also in the US, Ben Bernanke, Federal Reserve Chairman is due to speaks in Jackson Hole

In Europe, M3 Money Supply, measures the entire amount of currency circulating in the country an indicator of inflation, rise of 0.1% to 2.2% is forecasted this month.

More in Europe, German Import Prices is due to rise to 0.3%

Also in  Europe, Private Loans, 2.6% is expected similar to the previous time.

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

In Great Britain, Revised Gross Domestic Product (GDP) the main measurement to value all services and goods that are produced by the economy, 0.2% is predicted with no change from the last quarterly report.

More in Great Britain, Prelim Business Investment, value of the businesses and the government money investments, -3.2% is estimated.

Later in Great Britain, Index of Services about to reduce to reach 0.6% this month.

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

In Switzerland, KOF Economic Barometer, index on12 economic indicators, reduce from 2.04 points on July to 1.86 this time.

Read more about the Swiss franc in the USD/CHF 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