Forex Daily Outlook September 17 2012

We began the week with ­ ­ ­ ­ Empire State Manufacturing Index in the US and Current Account in Europe as the main highlights on today’s outlook. Let’s see what awaits us today.

In the US, Empire State Manufacturing Index, Monthly Survey to rate the manufacturers general business conditions in New York state, rise from -5.9 points on August is likely but still indicates worsening conditions with -1.8 points this time.

In Canada, Foreign Securities Purchases value all the foreigners’ domestic stocks, bonds, and money-market assets raise from -7.89B on August up to 11.3B now is due.

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

In Europe, Current Account, measures the difference between imported and exported goods and services, reduce from 12.7B on the last month down to 10.9B now is calculated.

Later in Europe, Trade Balance, rise of 1.8B from August is likely up to 12.3B.

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

In Great Britain, Rightmove House Price Index (HPI), value the asking price of homes for sale, -2.4% is due similar to the last month report.

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

In Australia, New Motor Vehicle Sales, consumer confidence sign to value the number of new cars and trucks that were sold domestically on the last month, -0.8% is calculated now.

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

In New Zealand, Westpac Consumer Sentiment, Level of a diffusion index that is based on consumers monthly, 99.9 points are due this time with no change from August.

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

For more events later in the week, check out the Live Forex Calendar