Forex Daily Outlook November 17 2011

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Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly report to value the persons that filed for joblessness insurance, rise is predicted from 390K up to 396K.

More in the US, Building Permits, monthly indicator of forthcoming construction activity to value the new building permits; rise is expected from 0.59M to 0.60M.

Moreover in the US, Philly Fed Manufacturing, monthly survey to measures general business conditions, no change is forecasted and 8.7 points is due to remain.

Later in the US, Housing Starts, monthly indicator regarding the new constructions that instigated new building, decrease is likely from 0.66M on October down to 0.61M.

Later on in the US, Mortgage Delinquencies, value the late payments in Mortgage Bankers Association (MBA), due to remain similar to the previous month with 8.44%.

Also in the US, Natural Gas Storage expected to drop down to 25B.

Finally in the US, William Dudley, Federal Reserve Bank of New York President, is about to speak in West Point.

In Canada, Foreign Securities Purchases, Full value of foreigner’s national stocks, bonds, and possessions, rise is forecasted from 7.92B on October up to 9.24B now.

More in Canada, Bank of Canada (BOC) Review shows the economy and banking articles, written by Financial and Department of Monetary.

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

In Great Britain, Retail Sales, monthly key measure of consumer spending, is about to decreases from 0.6% on October down to -0.2%.

More in Great Britain, Nationwide Consumer Confidence, Survey to rate the present ant upcoming financial conditions on the past month, rise of 1 point is likely up to 46 points.

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

In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, investors Survey to value Switzerland financial outlook for the last 6 months, is due to remain -54.4 points like in October.

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

In Japan, Bank of Japan (BOJ) Monthly Report, emphasize the BOJ Policy Board members appraised regarding up-to-date interest rate decision.

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

That’s it for today.

Happy forex trading!


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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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