American CB Consumer Confidence, US S&P/CS Composite-20 HPI and British Preliminary GDP are the major events today. Here is an outlook on the most influential activities awaiting us in the next 24 hours. In the US, American CB Consumer Confidence fell to a reading of 48.5 in September from 53.2 in August due to less favorable business and labor market conditions. A small rise to 49.3 is expected now. More in the US, S&P/CS Composite-20 HPI measuring Change in the selling price of single-family homes in 20 metropolitan areas rose by 3.2% in the previous month a smaller rise of 2.4% is expected now. Later in the US, Federal Reserve Bank of Kansas President Thomas Hoenig delivers a speech titled “The Economic Outlook and Challenges Facing Monetary Policymakers” at the University of Kansas, in Lawrence. Mr. Thomas Hoenig voted against the FOMC’s 8-1 decision to keep the federal funds rate near zero. He wants the target for the federal funds rate to rise to 1%. His words may influence the market. In Canada, BOC Governor Mark Carney testifies with Senior Deputy Governor Tiff Macklem, before the Standing Committee on Finance, in Ottawa. In a recent speech Mark Carney said Canada is in trouble and spending cuts are inevitable. This speech can shad more light on his views providing clues on future monetary policy. His words will have a direct impact on the loonie. For more on USD/CAD, read the Canadian dollar forecast. In Europe, GfK German Consumer Climate The economic recovery together with falling unemployment figures led to improvement in consumer sentiment in September reaching 4.9. A further increase to 5.2 is expected. More in Europe, Deutsche Bundesbank President Axel Weber speaks about the financial markets at the Commerzbank’s Blessing Podium, in Berlin. As one of the most influential members of the council his speech can provide information on future monetary policy and affect the currency. In Great Britain, Preliminary GDP in the second quarter was surprisingly strong and well above market expectations showing that the UK recovery is gathering momentum. A smaller rise of 0.4% is expected now. More in Great Britain, External BOE MPC Member Adam Posen speaks at the Economic and Financial Institutions Research Group, in Belfast. Mr. Adam claims that monetary policy should continue to be aggressive about promoting recovery and that further easing should be undertaken. In this speech he may elaborate further on his intentions regarding future monetary policy and can have major effect on the market. Read more about the Pound in the GBP/USD forecast. In Switzerland, UBS Consumption Indicator index based on a combined reading of 5 economic indicators surged higher than expected to 1.95. A similar rise is expected this time. In Australia, NAB Quarterly Business Confidence fell 14 points in the second quarter businesses became much less optimistic in May, as Euro-centric financial market troubles sparked reductions in equity and commodity markets and were associated with a sharp decline in the dollar. A small increase is expected now. For more on the Aussie, read the AUD/USD forecast. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. 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 EUR/USD Oct. 26 – Still Range Bound Yohay Elam 12 years American CB Consumer Confidence, US S&P/CS Composite-20 HPI and British Preliminary GDP are the major events today. Here is an outlook on the most influential activities awaiting us in the next 24 hours. In the US, American CB Consumer Confidence fell to a reading of 48.5 in September from 53.2 in August due to less favorable business and labor market conditions. A small rise to 49.3 is expected now. 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