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Forex Daily Outlook October 8 2013

In Canada Trade Balance and SNB Chairman Jordan Speaks in Switzerland are the main events lined up. Let’s see what awaits us today.

In the US, National Federation of Independent Business (NFIB) Small Business Index, due to rise up to 95.2 points from 94.1 points on the last month survey.

Later in the US, Investor’s Business Daily (IBD) / TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism, 46.2 is likely this time similar to September’s survey.

In Canada, Trade Balance, value the difference between imported and exported goods’ -0.7B is predicted now from -0.9B on September.

Later in Canada, Housing Starts, reduce of 5K is forecasted down to 175K.

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

In Europe, German Factory Orders, the total value of manufacturers new purchase order, rise up to 1.2% from -2.7% on September is calculated now.

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

In Great Britain, British Retail Consortium (BRC) Shop Price Index, with 0.5% similar to the last month.

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

In Switzerland, Thomas Jordan, Swiss National Bank (SNB) Governing Board Chairman is due to speak in Washington DC.

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

In Australia, Westpac Consumer Sentiment, Survey to rate the level economic conditions such as employment, and climate for major purchases, 4.7% is due similar to the last month.

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

In Japan, Monetary Policy Meeting Minutes, the BOJ Policy Board’s meeting detailed record that provides insights on the economic conditions and decisions regarding the interest rates.

Later in Japan, Prelim Machine Tool Orders is likely now.

Read more about the yen in the USD/JPY 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