Home Forex Daily Outlook October 16 2013
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Forex Daily Outlook October 16 2013

Unemployment Rate in the UK and Manufacturing Sales in Canada are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Esther George, Federal Reserve Bank of Kansas City President is due to speak at the Oklahoma History Center.

Later in the US,   Beige Book, analysis that is used by the Federal Open Market Committee (FOMC) to help make their next decision on interest rates.

More in the US, Crude Oil Inventories, weekly indicator to value the commercial  inventory, 6.8M is due now similar to the last report.

In Canada, Manufacturing Sales, total value of manufacturers’ sales, 0.3% is due from 1.7% on the last month.

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

In Europe, Mario Draghi, European Central Bank (ECB), President is likely to speak in Frankfurt.

Later in Europe, Consumer Price Index (CPI), the consumer’s price change of goods and services, 1.1% is likely to remain similar to September. While on the Core CPI (not including food, energy, alcohol, and tobacco) reduce by 0.1% is due to 1.0%.

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

In Great Britain, Unemployment Rate, value by percentage the  total s unemployed and actively seeking employment over the past 3 months, 7.7% is forecasted similar to the last month report.

Later in Great Britain, Claimant Count Change, the people claiming unemployment-related benefits this month, -24.3K predicted now from -32.6K on September.

More in Great Britain, Average Earnings Index, the price change of businesses and the government labor payment, 1.0% is due now/

Finally in Great Britain, Spencer Dale, Bank of England (BOE) Chief Economist; is about to speak in Warsaw.

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

In Switzerland, ZEW Economic Expectations, Survey to rate the economic outlook for Switzerland on the past 6 months, 16.3 points are due with no change from September.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, NAB Quarterly Business Confidence, Survey to rate the current and expected business conditions, -1 points is due now similar to the last Quarter.

For more on the Aussie, read the  AUD/USD 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