Search ForexCrunch

In the US Fed Chairman Bernanke Speaks and Minimum Bid Rate in Europe are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Ben Bernanke, Federal Reserve Chairman, is due to speak in St Louis.

Later in the US, Eric Rosengren, Federal Reserve Bank of Boston President, is about to speak in Burlington.

Also in the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, Estimation of the employed people on the past month (not including farming industry and government), 177K is due from 176K on the last time.

Finally in the US, Crude Oil Inventories, weekly index to value the commercial crude oil held in inventory, reduce of 0.2M is likely down to 2.4M from September.

In Europe, Minimum Bid Rate, value the Interest rate on the main banking system, likely to remain 0.50% with no change from the previous month. And followed by European Central Bank (ECB) Press Conference.

Later in Europe, Spanish Services Purchasing Managers’ Index (PMI), Monthly Survey to measure the business conditions such as production, prices, and supplier deliveries, rise of 0.5 points is predicted up to 50.9 points now. While on the Final Services PMI, 52.1 is likely to remain similar to the last month.

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

In Great Britain, Construction Purchasing Managers’ Index (PMI), monthly business conditions Survey to value the level of employment, new orders, supplier deliveries, and inventories, rise up to 60.1 points is forecasted now from 59.1 on September.

Later in Great Britain, Halifax House Price Index (HPI), the price change of homes financed by Halifax Bank of Scotland (HBOS), rise up to 0.6% from 0.4% on the last time is likely.

Finally in Great Britain, Housing Equity Withdrawal, -7.2B is calculated now from -8.8B on the past quarter.

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

In Australia, Australian Industry Group (AIG) Services Index is due to remain 39 points.

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

Trade well