Home Forex Daily Outlook December 8 2011
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Forex Daily Outlook December 8 2011

Rate decisions in the UK and in the euro-zone are the major market-movers as tension mounts towards the EU Summit. Let see what awaits us today.

In the US, Unemployment Claims, value the number the unemployed that asked for insurance on the past month, about to reduce down to 397K from 402K in November.

More in the US, Treasury Currency Report offers a review of worldwide conversation rate policies, financial conditions, and government movements to report Treasury currency.

In Canada, Housing Starts, measure the new domestic buildings that started construction on the last month, due to reduce from 208K on November down to 203K.

More in Canada, New Housing Price Index (NHPI); value the new homes trade prices, about to rise by 0.1% from November up to 0.3%.

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

In Europe, European Central Bank (ECB) Press Conference, key method that the ECB uses and affects the interest rate and additional policy decisions.

More in Europe, Minimum Bid Rate, Short term interest rates is due to remain 1.25% like on the previous months.

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

In Great Britain, Official Bank Rate with no changes from the previous time about to be 0.50% that is precedes by Monetary Policy Committee (MPC) Rate Statement.

More in Great Britain, Asset Purchase Facility, value the Bank of England (BOE) money that will be created and used to acquisition open market possessions, is about to remain 275B.

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

In Australia, Employment Change in the employs on the past month, due to rise up from 10.1K on November up to 10.3K now.

More in Australia, Unemployment Rate, value the (by percentage) the jobless that are looking for employment, about to remain 5.2% with no change from November.

Finally in Australia, Glenn Stevens Reserve Bank of Australia (RBA) Governor is due to speak in Sydney.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI); is about to remain -0.3%.

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

In Japan, Business Survey Index (BSI) Manufacturing Index, Monthly manufacturers Survey to rate the general business conditions, about to rise from 10.3 points on November up to 11.4 points.

More in Japan, Final Gross Domestic Product (GDP), value of all economy goods and services, is expected to reduce from 1.5% on November down to 1.2% now

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

That’s it for today.

Happy forex trading!

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