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Forex Daily Outlook April 10 2013

FOMC Meeting Minutes in the US and Industrial Production in Europe are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, it is scheduled 8 times per year with the of the FOMC’s recent meeting details, providing in insights on the economic and financial conditions for the interest rates.

Later in the US, Federal Budget Balance, value the difference between the federal government’s income and spending -110.3B is likely from -203.5B over the last month.

Finally in the US, Crude Oil Inventories, measures weekly the commercial crude oil barrels that are held in inventory, 1.6M is due from 2.7M on the previous week.

In Europe, French Industrial Production, value all the manufacturers, mines, and utilities output, 0.6% is likely from -1.2% on March.

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

In Australia, Westpac Consumer Sentiment, monthly survey to rate the past and future financial conditions such as employment and climate for major purchases, 2.0% is calculated with no difference from the last time.

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

In New Zealand, Business NZ Manufacturing Index, manufacturers’ survey to rate the employment, production, prices, supplier deliveries and inventories, 56.3 points are expected now similar to March.

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

In Japan, Bank Lending, 1.5% is due similar to the last report on March.

Read more about the yen in the USD/JPY forecast.

Trade wellBank Lending

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