Forex Daily Outlook – October 12 2010

Posted by anat on October 12, 2010
Daily Forex forecast filed | 1 comment

At the top of the u.s. event moving market, FOMC statements and United Kingdom inflation data. Is the activity that most influential today here are waiting for us in Outlook.

United States at the FOMC meeting minutes most likely event today speculation about another round of stimulus for us $ gave birth out expected. This statement provides details concerning monetary policy impact on the market.

In Europe, the European Central Bank President Jean Claude Trichet NYC in speaks at the Economic Club. On October 7, he Bloomberg excess volatility redemption rates posed first try to stabilize the economy risks the European Central Bank President Jean-Claude Trichet Thursday, warning euro is easier to 1.40 surpassed $ mark 8 months. You may help the euro profit Cap current speech.

One month is 3.1% continue to refuse to remove the data United Kingdom United Kingdom most important inflation considered. It was exerted upward pressure expected to contraries stronger at high rates rise in airfares, clothing, food core CPI 2.6% to 2.8% from the previous month and dropping, excluding volatile products.

UK, nationwide consumer confidence every month, leading indicator of consumer spending release 61 points from the previous month's reading is expected to better reach. Is expected to climb further 64 points to enhance pounds now.

Later in the United Kingdom, speak in external BOE MPC Member David miles of economic and Social Research Institute Conference, Dublin. Bristol Business Forum ago in previous speeches he he describes as a tool to view, an appropriate policy response control inflationary pressure demand and supply, affecting the economic balance active by using the interest rate. You might affect his speech rates.

8.7 B finally United Kingdom in the trade balance deficit unexpectedly 0.7 B deficit reduction is expected to reach through July.

Read more about the prediction of the L GBP / USD.

Australia in the NAB business confidence economic health leading indicator 11 points August hike by the expansion of the economy. You expect the rise of another.

Australia attitude, fall despite longer retention rates of January came suddenly by 5.1% in September, drop Westpac consumer retention, strong employment growth, higher Australia from $ strong stock prices in September. Now exist in small rise.

Australia for more information, read the AUD / USD prediction.

Leading indicators of the core machinery orders production 8.8% in Japan was led from the textile machinery, chemical, chemical products, food and beverages on powerful jumped increase from the previous month, in order. Is expected to 3.7% drop soaring of balance.

Finally in the Japan is today. Forex trading and happy!

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Tags: core CPI, core machinery orders, consumer price index (CPI), David miles, FOMC meeting minutes, Jean-Claude Trichet, NAB business confidence, nationwide consumer confidence, Thomas Hoenig, trade balance, Westpac consumer attitudes