Forex Daily Outlook October 9 2012
Daily Look

Forex Daily Outlook October 9 2012

Manufacturing Production in the UK and Mario Draghi testify  in Brussels are the main events lined up.  Let’s see what awaits us today.

In the US, Investor’s Business Daily (IBD) / TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism, due to rise up to 52.3 points from 51.8 points on September.

In Canada, Housing Starts, measures the residential constructions that began building during the previous month, 201K is calculated now from 224K on September.

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

In Europe, Mario Draghi, European Central Bank (ECB) President is due to testify before the Committee on Economic  in Brussels.

Later in Europe,   The Economic and Financial Affairs Council (ECOFIN) Meetings, the Eurozone’s broadest financial decision making body, usually held in Brussels, attended by Finance Ministers from EU member states and discuss a variety of economic issues like the euro support mechanisms and government moneys.

Later on in Europe, French Gov Budget Balance, -85.5B is due to remain similar to the last report on September.

Finally in Europe, French Trade Balance, -4.9B is forecasted now from -4.3B on the last month.

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

In Great Britain, Manufacturing Production, value the manufacturers’ output production, is due to reduce down to -0.6% this time from 3.2% on September.

Later in Great Britain, Trade Balance, shows the difference between exported and imported goods on the last month, -8.3B is likely now from -7.1B on September.

Later on in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate, estimated the economy production for all goods and services over the last 3 months, 0.2% is due to remain similar to the last time.

Finally in Great Britain, Industrial Production, reduce down to -0.5% now from 2.9% on September is likely.

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

In Australia, Philip Lowe, Reserve Bank of Australia (RBA) Deputy Governor is due to speak in Hobart.

Later in Australia, National Australia Bank (NAB) Business Confidence, Monthly Survey to value the business conditions, -2 is estimated this time similar to the last report.

Finally in Australia, Westpac Consumer Sentiment, diffusion index based on surveyed consumers, 1.6% is likely now.

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

In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI) measures the selling price of all homes, 1.3% is likely now with no change from the last report.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Bank of Japan (BOJ) Monthly Report is due this time.

Later in Japan, Economy Watchers Sentiment, 44.2 points are likely on this index from 43.6 points on September.

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