Home Forex Daily Outlook August 28 2012
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Forex Daily Outlook August 28 2012

CB Consumer Confidence in the US and Nationwide HPI in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, The Conference Board (CB), Consumer Confidence, Survey to value the existing and upcoming financial conditions including labor availability and business conditions, reduce of 0.1 points is likely down to 65.8 points this time.

Later in the US, Standard & Poor’s (S&P) Case-Shiller (CS), Composite-20 House Price Index (HPI), selling price change for the homes in 20 metropolitan areas, is due to rise from -0.7% on July to -0.3% this time.

Finally in the US, Richmond Manufacturing Index to measure the level of manufacturer’s business conditions in the Richmond area, rise from -17 points on July up to -11 points this time is likely.

In Canada, Corporate Profits, value the total profits earned by corporations, 0.1% is due similar to the previous quarterly report.

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

In Europe, GfK German Consumer Climate, Consumers Monthly Survey to measure the past and future financial conditions, such as personal and overall financial situation, reduce of 0.1 points from July is predicated down to 5.8 points now.

Later in Europe, M3 Money Supply, value all the domestic currency in circulation and deposited in banks, rise of 0.1% is due from the last month report up to 3.3%.

Finally in Europe, Private Loans, measures the new loans that were issued to consumers and businesses in the private sector, due to rise from -0.2% on July up to -0.1% now.

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

In Great Britain, Nationwide House Price Index (HPI), value the selling price change of homes with Nationwide mortgages, rise is due from -0.7% on July up to 0.2% on this report.

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

In Switzerland, Employment Level shows the number of employed people on the previous quarter, due to reduce from 4.05M down to 4.04M this time.

More in Switzerland, UBS Consumption Indicator is due to remain 1.60 similar to the last report.

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

In Australia, Housing Industry Association (HIA) New Home Sales, value the newly constructed homes that were sold, due to remain 2.8% similar to the last time.

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

Trade well

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