Many important events appear on our schedule today: US CB Consumer Confidence, Ben Bernanke’s speech, Canadian GDP, ECB President Trichet’s speech and many more. Here is an outlook on the market movers this day. In the US, CB Consumer Confidence rose more-than-expected in October to 50.2 after falling to a revised reading of 48.6 in September. A higher reading of 52.9 is predicted. Later in the US, Federal Reserve Chairman Ben Bernanke will deliver a speech titled “Conversation on the Economy” at the Fisher College of Business, in Columbus where he will continue defending the stimulus plan. His speeches have a strong impact on the market. More in the US, S&P/CS Composite-20 HPI measuring the change in the selling price of single-family homes in 20 metropolitan areas gained a disappointing 1.7% in the previous month when 2.4% rise was anticipated. A smaller increase of 1.2% is expected now. Further in the US, Chicago PMI a leading indicator of economic health released monthly reached a better than expected reading of 60.6 in October. A small drop to 60.1 is predicted now. In Canada, Gross domestic product increased by 0.3% in August, following 0.1% decline in July. This reading was in line with expectations. Growth of 0.2% is expected now. For more on USD/CAD, read the Canadian dollar forecast. In Europe, ECB President Trichet testifies before the European Parliament’s Committee on Economic and Monetary Affairs, in Brussels; The president of the ECB will testify in the European parliament and will definitely relate to the ongoing debt issues in the continent. Any tough questions will trigger answers that may rock the Euro. His second appearance is in a conference. Though less important, he may release interesting statements following the rate decision. Later in Europe, German Unemployment Change dropped by a mere 3.0% in September after predictions of 28K drop. Another decrease of 19K is expected now. More in Europe, CPI Flash Estimate released monthly gained 1.9% inflation rate in October following 1.8% increase in the previous month. The same inflation rate of 1.9% is predicted now. Finally in Europe, Unemployment Rate in the Euro-Zone grew by 10.1% in the last two months. The same increase is expected to continue this time. In Great Britain, GfK Consumer Confidence index based on a Survey of about 2,000 consumers on future economic conditions advanced to -19 in the previous month following -20 in the month before. The same reading is expected this time. Read more about the Pound in the GBP/USD forecast. In Switzerland, UBS Consumption Indicator index a combined reading of 5 economic indicators dropped to 1.70 in September following 1.95 in the prior month. The same reading is expected now. In Australia, Building Approvals plunged 6.6% in the previous month following 4.7% drop in the month before. This excellent gauge of future construction activity indicates a recession in the housing maeket although analysts predict 1.6% rise this month. Later in Australia, RBA Assistant Governor on Financial Markets Dr. Guy Debelle speaks at the Australian Securitisation Forum, in Sydney. As the advisor to the RBA board he is very influential interest rate ruling. More in Australia, Current Account reading in the second quarter showed the smallest deficit since 2002 reaching 5.6B indicating that the Australian economy is in real prosperity. A rise in deficit to 6.4B is expected now. Finally in Australia, Private Sector Credit measuring the value of new credit issued to consumers and businesses gained 0.1% in the previous month, a further climb of 0.2% is predicted now. In Japan, Average Cash Earnings showed 0.9% rise in September following 0.4% increase in the month before. Further increase of 0.7% is forecasted. For more on the Aussie, read the AUD/USD forecast. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. 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 Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next EUR/USD Nov. 30 – Stabilizing on Low Ground Yohay Elam 12 years Many important events appear on our schedule today: US CB Consumer Confidence, Ben Bernanke's speech, Canadian GDP, ECB President Trichet's speech and many more. Here is an outlook on the market movers this day. In the US, CB Consumer Confidence rose more-than-expected in October to 50.2 after falling to a revised reading of 48.6 in September. A higher reading of 52.9 is predicted. Later in the US, Federal Reserve Chairman Ben Bernanke will deliver a speech titled "Conversation on the Economy" at the Fisher College of Business, in Columbus where he will continue defending the stimulus plan. 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