US FOMC Statement, US New home sales and EU Flash PMI’s are the main events today. Here is an outlook on the market-movers awaiting us In the US, New Home Sales. The annualized number of new residential homes sold in August increased less than predicted, reaching 373,000, down 1,000 from the preceding month and lower than the 381,000 predicted. This time a rise to 386,000 is forecasted. Later in the US, The FOMC Statement will be released detailing interest rate data, economic outlook as well as other interesting information on the FOMC future monetary policy. Later on in the US, Crude Oil Inventories. The number of Crude Oil barrels in inventory grew more than predicted last week to 2.9 million from 1.7 million in the previous week, higher than the 1.4 million forecasted. A 2.0 million reading is predicted this time. More in theUS, Federal Funds Rate. The FOMC members decided to maintain rates at 0.25% in line with predictions. Rates are expected to remain unchanged. Moreover in the US, Flash Manufacturing PMI. The survey of US manufacturers conducted in September revealed the index remained above the 50 point line, reaching 51.5, as in the preceding month but lower than the 51.6 forecasted by analysts. A smack rise to 51.6 is anticipated this time. In Canada, BOC Monetary Policy Report and BOC Press Conference are released quarterly giving valuable information regarding future monetary policy, as well as the reason behind the latest BOC’s rate decision. For more on USD/CAD, read the Canadian dollar forecast. In Europe, Mario Draghi speaks. Mario Draghi president of the ECB is scheduled to speak at the Deutsche Bundestag, in Berlin. His words can cause volatility in the market, especially in these troubled times. Later in Europe, French Flash Manufacturing and Services PMI. The manufacturing sector in France contracted in September to 42.6 from46.0 in August, contrary to predictions of a rise to 46.5, as well as the Service sector declining to 46.1 after49.2 in August, lower than the 45.6 anticipated. The Manufacturing PMI is expected to rise to 43.9 while the Service PMI is predicted to reach45.6. Later on in Europe, German Flash Manufacturing and Services PMI. German manufacturing sector improved to47.3 in September from44.7 in the previous month. Meantime the Service sector crossed the 50 point lint to 50.6 from48.3 in August. Analysts predict a further improvement in the manufacturing sector to reach 48.1, while the service sector is expected to reach 50.1 still in expansion. More in Europe, Euro-Zone Flash Manufacturing and Service PMI. EU manufacturing PMI improved to46.0 in September from45.1 in the previous month, while the service sector further contracted to 46.0 from47.2 in August. Manufacturing sector is expected to climb to 46.6 while the service sector is predicted to reach 46.5. For more on the Euro, read the Euro to dollar forecast. In Great Britain, CBI Industrial Order Expectations.UK manufacturers outlook on future orders rebounded in September to minus 8 from minus21 in August, though still rather pessimistic. Economists forecast a further improvement to minus 6. Read more about the Pound in the GBP/USD forecast. In Australia, Consumer Price Index. Australian CPI increased in the second quarter by 0.5% from 0.1% in the first quarter. The reading was lower than the 0.6% climb predicted by analysts. A further rise of 0.9% is expected this time. Meanwhile Trimmed Mean CPI excluding volatile products also increased by 0.5% from 0.4% in the first quarter. Economists expect a rise of 0.6% this quarter. For more on the Aussie, read the AUD/USD forecast. In New Zealand, Rate Decision. The RBNZ maintained rates at 2.50% in their September meeting. Rates are expected to remain 2.50%. 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 Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next AUD/USD Gets Boost from CPI, Chinese Data Yohay Elam 11 years US FOMC Statement, US New home sales and EU Flash PMI's are the main events today. Here is an outlook on the market-movers awaiting us In the US, New Home Sales. The annualized number of new residential homes sold in August increased less than predicted, reaching 373,000, down 1,000 from the preceding month and lower than the 381,000 predicted. This time a rise to 386,000 is forecasted. Later in the US, The FOMC Statement will be released detailing interest rate data, economic outlook as well as other interesting information on the FOMC future monetary policy. 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