Forex Daily Outlook November 27 2012


CB Consumer Confidence in the US and Revised GDP 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, Monthly Survey to rate the relative level of present and upcoming financial conditions, business conditions and overall economic situation, rise from 72.2 points on the last month up to 73.1 points now is predicted.

Later in the US, Durable Goods, value all the new manufacturers’ purchase orders for durable goods, -0.6% is likely now from 9.8% on the last month, and similar estimation likely for the Core Durable Goods (without transportation items) reduce down to -0.6% is estimated now from 2.0% on October

Later on in the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President, is expected to deliver a speech in Berlin.

More in the US, Ben Bernanke, Federal Reserve Chairman, is likely to deliver brief remarks in Washington DC.

Moreover in the US, House Price Index (HPI), value the price for the purchase homes with mortgages that are backed by Fannie Mae and Freddie Mac, 0.4% is likely now from 0.7% on October.

Finally in the US, Richmond Manufacturing Index, -2 points is likely now from .7 points on October.

In Europe, German Import Prices, value the price change of the domestically imported goods, -0.5% is due now from -0.7% on the last report.

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

In Great Britain, Revised Gross Domestic Product (GDP); quarterly indicator to measure all the goods and services that were produced by the economy, 1.0% is forecasted now with now change from the last time.

Later in Great Britain, Prelim Business Investment, quarterly indicator to show the value of capital investments that is made by businesses and the government, 1.3% is likely now from 0.9% on the last report.

Finally on in Great Britain, Index of Services is likely to reduce down to -1.0% from 0.2% on October.

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

In Switzerland, UBS Consumption Indicator that is based on a composite index of 5 financial indicators, 1.07 is calculated now with no change from the last October report.

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

In New Zealand, Inflation Expectations, 2.3% is due similar to the last quarterly report.

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

Trade well

Get the 5 most predictable currency pairs

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