Forex Daily Outlook October 18 2012
Daily Look

Forex Daily Outlook October 18 2012

Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly indicator to value the individuals that filed for unemployment insurance for the first time, 367K is due this week from 339K on the last report.

Later in the US, Philly Fed Manufacturing Index, Monthly Philadelphia Mmanufacturer’s Survey to rate the general business conditions, 1.3 is likely now from -1.9 on September.

More in the US, CB Leading Index, composite index  that is based on 10 financial indicators, rise up to 0.1% now is expected from -0.1% on the last time.

Finally in the US, Natural Gas Storage, measures the natural gas cubic feet that are held in storage, 35B is forecasted now from 72B on the past week.

In Canada, Wholesale Sales, value the sales at the wholesale level, rise up to 0.2% is due now from -0.6% on the last time.

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

In Europe, European Union (EU) Economic Summit is due in Brussels for a meeting with the Heads of state regarding plans for deeper financial integration.

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

In Great Britain, Retail Sales, show the change in all the sales at the retail level, 0.4% is calculated now from -0.2% on the last month.

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

In Switzerland, Trade Balance shows the difference between imported and exported goods, 2.42B is estimated now from 1.61B on the reported month.

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

In Australia, National Australia Bank (NAB) Quarterly Business Confidence, Survey to rate current business conditions and the expectations for the near future, -2 is calculated with no change from the last month.

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

In New Zealand, Visitor Arrivals, value the overseas visitors that arrived in the country, 5.4% is due similar to the last report.

For more about the kiwi, see the NZD/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