Home Forex Daily Outlook – September 29 2011
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Forex Daily Outlook – September 29 2011

Pending Home Sales in the US and Nationwide HPI in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly measurement of the persons that filed for unemployment cover, reduces from 423K on the last week to 420K this time.

Later in the US, Pending Home Sales, number of families (under contract) in the last transaction stage, additional decrease is foreseen from -1.3% on August to -1.6% this month.

More in the US, Final Gross Domestic Product (GDP), quarterly value of the production of all economy goods and services, rise from 1% to 1.2% is expected, and in the Final GDP Price Index due to remain 2.4%.

Finally in the Natural Gas Storage is about to remain 89b.

In Canada, Raw Materials Price Index (RMPI) is about to extra moderate from -1.2% on August to -1.6% this time. And the Industrial Product Price Index (IPPI) is due to reach -0.4%.

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

In Europe, German Unemployment Change, number of Joblessness peoples on the passing month is about to additional sinking from -8K to -9K.

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

In Great Britain, Nationwide House Price Index (HPI), monthly measurement to value the Change in the selling price of households (with Nationwide mortgages) that were sold, a rise from -0.6& on August to 0.2% this month is expected.

More in Great Britain, David Miles, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is about to speech in Luxembourg.

Also in Great Britain, Net Lending to Individuals, value of the new credit issued is about to decrease from 0.9B to 0.7K.

Later in Great Britain, Mortgage Approvals is about to reach 50K.

Finally in Britain, M4 Money Supply is about to reach 0.3%.

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

In New Zealand, Building Consents, leading monthly indicator to measure the number of new building approvals that were issued, 13% is expected this time.

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

In Japan, Tokyo Core Consumer Price Index (CPI), the consumer’s prices of goods and services not including fresh food, is about to rise to -0.1% from -0.2% on the last time, meanwhile on the National Core CPI 0.1% is expected with no change from the last month.

More in Japan, Household Spending, is about to further reduce from -2.1% on August to -2.6% this month.

Later in Japan, Prelim Industrial Production, the value of manufacturers output is about to raise from 0.4$ up to 1.5%.

Also in Japan, Manufacturing Purchasing Managers’ Index (PMI, is about to remain 51.9 points.

Finally on in Jape, Unemployment Rate is due to remain 4.7%.

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