Forex Daily Outlook November 28 2011

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We start the week with some interesting events like New Home Sales in the US and Inflation Report Hearings in the UK as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, New Home Sales, monthly indicator to value the number sold households, 313K is likely with no change from the previous month.

In Europe, M3 Money Supply, monthly measurement for the entire quantity of local banks currency, about to rise by 0.3% from October up to 3.4%.

More in Europe, German Prelim Consumer Price Index (CPI), Consumer’s prices for ds and services, rise is expected up to 0.1%.

Later in Europe, GfK German Consumer Climate, Survey to rate historical and forthcoming financial conditions plus personal monetary situation, reduce is about to be from 5.3 points on October down to 5.2 points.

Finally in Europe, Private Loans, value of all new consumers and businesses credits on the past month, about to rise up to 2.6% now.

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

In Great Britain, Inflation Report Hearings, Bank of England (BOE) Monetary Policy Committee (MPC), vote regarding the nation’s key interest rates and clues about upcoming monetary policy.

More in Great Britain, Confederation of British Industry (CBI) Realized Sales, consumer spending survey, about to further reduce by 1 points down to -12 points this month.

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

In New Zealand, NBNZ Business Confidence, monthly survey to value the monetary outlook over the past 12 months, due to remain 13.2 points.

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

In Japan, Masaaki Shirakawa, Bank of Japan (BOJ) Governor, is about to speak.

More in Japan, Household Spending monthly Consumer spending indicator, is about to rise from -1.9% on October up to -1.4%.

Later in Japan, Retail Sales, is about to rise from -1.1% on October up to 0.8% now.

Finally in Japan, Unemployment Rate is due to rise up to 4.2% this month.

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

That’s it for today.

For more events later in the week, check out the Live Forex Calendar

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

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