Forex Daily Outlook September 28 2012

We end this week with GDP in Canada as the major event of the day. Here is an outlook on the market-movers awaiting us.

In the US, Core Personal Consumption Expenditures (PCE) Price Index, Value the consumers’ price change of goods and services (without food and energy); rise up to 0.1% is due from August

Later in the US, Personal Spending. Measures all the consumers’ expenditures rise of 0.1% is due from August up to 0.5% now.

More in the US, Chicago Purchasing Managers’ Index (PMI); Monthly Survey to rate the business conditions such as employment, new orders, prices and inventories, reduce of 0.1 points is expected down to 52.9 points.

Finally in the US, Revised University of Michigan (UoM) Consumer Sentiment, Monhtly Survey to rate the current and future financial conditions, 78.9 points is likely now from 79.2 points on August.

In Canada, Gross Domestic Product (GDP), value all the economy production change for goods and services, 0.2% is likely similar to the last report on August.

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

In Europe, German Retail Sales, value all the sales at the retail level (not including cars and gas stations), 0.5% is participated now from -0.1% on August.

 More in Europe, French Consumer Spending, measures all goods that were expenditures by consumers over the previous month, 0.1% is due with no change from the last report.

Later in Europe, Consumer Price Index (CPI) Flash Estimate; forecast the price change of goods and services that were purchased by consumers; 2.4% is due now from 2.6% on August.

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

In Switzerland, KOF Leading Indicators, Konjunkturbarometer Economic Barometer, composite index that is based on 12 financial indicators, reduce of 0.3 points is likely now down to 1.54 points.

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

In Australia, Private Sector Credit, value all the new credit that were issued to consumers and businesses, rise of 0.1% is estimated now up to 0.3%.

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

Trade well