Forex Daily Outlook – October 11 2011
Daily Look

Forex Daily Outlook – October 11 2011

ECB President Trichet Speaks in Europe and Manufacturing Production in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Investor’s Business Daily (IBD) Techno Metrica Institute of Policy and Politics (TIPP), Economic Optimism, Survey  (900 consumers) to rate the financial conditions economic outlook for the 6-month, a rise from 39.9 points on September to 43.2 points now is forecasted.

In Canada, Housing Starts, value of the new residential structures under construction over the last month, a rise of 2K is expected du to 187K.

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

In Europe, Jean-Claude Trichet; European Central Bank (EC) President is due to speech in Brussels

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

In Great Britain, Manufacturing Production, value of manufacturers output is due to reduce from 1% on September to -0.1% this month.

More in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP), measures the assessed value of the total goods and services over the last 3 months,0.2% is due, similar to the last time.

Later in Great Britain,), Department for Communities and Local Government (DCLG) House Price Index (HPI) is about to rise up to 2.3%.

Finally in Britain, Industrial Production, stabilized with -0.2% like on September.

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

In Australia, NAB Business Confidence, Survey (350 businesses) to measure the present business conditions, indicates failing conditions of -8 points similar to September.

More in Australia, Westpac Consumer Sentiment, Survey (1,200 consumers) to value the former and upcoming economic conditions, 8.1% is expected like on the previous month.

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

In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI), value of the selling price of all households, 0.5% is expected like on September.

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

In Japan, Bank of Japan (BOJ) Monthly Report contains the data of the latest interest rate decision by the BOJ Policy Board members, and offers detailed of the present and upcoming bank’s financial conditions.

More in Japan, Core Machinery Orders, new private-sector manufacturers purchase orders, is about to rise from -8.2% on September to 4.5% now.

Later in Japan, Economy Watchers Sentiment is due to reach 46.9 points.

Finally in Japan, Household Confidence is about to rise to 37.4 points.

Read more about the yen in the USD/JPY 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