Forex Daily Outlook – October 12 2011

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FOMC Meeting Minutes in the US and Claimant Count Change in the UK are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, full record of the latest FOMC’s meeting, the visions into the financial and monetarist conditions that prejudiced on where to set the interest rates.

Later in the US, Charles Plosser, Federal Reserve Bank of Philadelphia President, is about to deliver a speech in Philadelphia;

Finally in the US, Richard Fisher Federal Reserve Bank of Dallas President is due to speak in Abilene

In Canada, New Housing Price Index (NHPI), important gauge for the change in new households selling price, 0.1% is expected like on the last time.

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

In Europe, Jean-Claude Trichetin, European Central Bank (ECB) President, is expected to lecture in London.

More in Europe, Industrial Production, measures the change in the all value of manufacturers output, is due to rise from 0.9% to -0.8%.

Also in Europe, French Consumer Price Index (CPI) is expected to stay 0.3% this month.

Finally in Europe, German Wholesale Price Index (WPI) is expected to drop down to -0.1% this month.

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

In Great Britain, Claimant Count Change, the people that are claiming for unemployment-related welfares, rise from 20.3K on September up to 24.7K is predicted now.

More in Great Britain, Average Earnings Index, value the price that government & businesses pay for employment, reduced from 2.8% down to 2.7% this month.

Also in Great Britain, Nationwide Consumer Confidence, monthly Survey to measure the current and future economic, 48 points are forecasted with no change from the last month.

Later in Great Britain, Unemployment Rate is about to remain 7.9%.

Finally in Britain, CB Leading Index, 0.3% is expected similar to the previous time.

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

In Australia, Home Loans important monthly valuation for the new loans that were granted for owner-occupied households, rise from 1% to 1.1% is estimated this time.

More in Australia, Dr. Guy Debelle, Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets) is due to lecture 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 due to remain 0.5% similar to September

More in New Zealand, Business NZ Manufacturing Index, is about to remain 52.9 with no change from September.

Finally in New Zealand, Food Price Index (FPI) -1.3% is expected like on the last month.

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

In Japan, Monetary Policy Meeting Minutes, the newest record of the BOJ Policy Board’s meeting, shows insights into the financial conditioner regarding where to set the interest rates.

More in Japan, Tertiary Industry Activity, value of businesses services due to further reduce from -0.1% down to -0.3%.

Later in Japan, Prelim Machine Tool Orders, is due to remain 15.3%

Finally in Japan, Bank Lending, -0.5% is expected with no change from the previous month.

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

Happy forex trading

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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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