Forex Daily Outlook November 22 2012
Daily Look

Forex Daily Outlook November 22 2012

Flash Manufacturing PMI in Europe and Retail Sales in Canada are the major market-movers. Let see what awaits us today.

In Canada, Retail Sales, show the value of all the sales at the retail level, rise of 0.2% from Octobers is likely up to 0.5% now, and similar is calculated in the Core Retail Sales (not including vehicles) 0.5% now from 0.4% the last month..

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

In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to calculate the business conditions such as employment, new orders, supplier deliveries and inventories, rise of 0.2 points are due up to 45.6 points. While on the French Flash Manufacturing PMI 44.1 is estimated now from 43.7 points on October and on the German Flash Manufacturing PMI reduce of 0.1 points is due down to 45.9 points now.

Later in Europe, Flash Services Purchasing Managers’ Index (PMI); monthly survey to measure the business conditions like production, prices and inventories, rise of 0.1 points is due up to 46.1 points now. While on the French Flash Services PMI 45.3 points is calculated now from 44.6 on October. And on the German Flash Services PMI, rise of 0.1 points is due up to 48.5 points.

More in Europe, European Union (EU) Economic Summit (Day I), a meeting of heads of state to discuss Spain, Greece, and economic plans for monetary integration in Brussels.

Finally in Europe, Consumer Confidence, -26 points are predicted similar to the last month report.

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

In Great Britain, Martin Weale, External Bank of England (BOE) Monetary Policy Committee (MPC) Member, is due to speak at the Manchester Economic Seminar.

Later in Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, -19 points is likely from -23 points on the last monthly survey.

Read more about the Pound in the  GBP/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