Forex Daily Outlook – September 28 2011


In the US Chairman Bernanke Speaks and BOE Credit Conditions Survey in the UK are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Durable Goods Orders, an important indicator to value the manufacturers’ durable goods orders on the passing month, significant reduce from 4.1% on August to -0.4% this time. And on the Core Durable Goods Orders (without transportation items) we see the same direction reduce from 0.8% to 0.2% this month.

Later in the US, Ben Bernanke, Federal Reserve Chairman will speak in Cleveland.

Finally in the US, Crude Oil Inventories, weekly measurement, -7.3M is expected with no change expected from the last time.

In Europe, German Prelim Consumer Price Index (CPI), about to reduce to -0.1%, as in the German Import Prices reduce is expected from 0.8% on August to -0.3%.

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

In Great Britain, BOE Credit Conditions Survey of bank and non-bank lenders to value the credit circumstances on the past and upcoming 3 months.

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

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

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

In Japan, Retail Sales, is an important monthly indicator that is about to reduce from 0.6% on August to -0.6% this time.

Read more about the yen in the USD/JPY forecast.

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

Get the 5 most predictable currency pairs

About Author

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


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