Forex Daily Outlook

FOMC Meeting Minutes in the US and Manufacturing Production in the UK are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, FOMC’s most recent detailed record meeting that provides insights on the economic and financial and interest rates decisions.

Later in the US, Crude Oil Inventories, weekly indicator to value the commercial’s crude oil barrels held in inventory, 5.5M is due now.

Finally, in the US, Charles Evans, Federal Reserve Bank of Chicago President is likely to deliver a speech in Washington DC.

In Europe, Mario Draghi, ECB President is due to speak in Cambridge.

Later in Europe, French Industrial Production, value the total value of manufacturers, mines, and utilities output production, rise up to 0.7% is expected from -0.6% on September. In addition, on the German Industrial Production rise up to 1.1% from -1.7% on the last report.

In Great Britain, Manufacturing Production, the total value of manufacturer’s output production, rise of 0.1% is calculated now up to 0.3%.

Later in Great Britain, BOE Credit Conditions Survey, to value the credit conditions over the past and future 3 months, no change from the last Quarter is due.

More in Great Britain, Trade Balance, the difference between imported and exported goods; -8.9B is predicted now from -9.9B on September.

Finally, in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate, the estimated value of all goods and services over the past 3 months that were produced by the economy, 0.9% is calculated now similar the previous time.

In Australia, Unemployment Rate, value by percentage the total unemployed and actively seeking employment, 5.8% is likely to remain similar to the last month.

Later in Australia, Employment Change, value the employed people over the past month, 15.2K is due now from -10.8K on September.

Finally in Australia, Melbourne Institute (MI0 Inflation Expectations, measure by percentage the consumers expected price change for goods and services on the next 12 months, 1.5% with no change from the last time.

In New Zealand, Business NZ Manufacturing Index, Manufacturer’s Survey to rate the business conditions including employment, new orders, supplier deliveries, and inventories, 57.5 points are due similar to the last time.

In Japan, Tertiary Industry Activity, the total value of services purchased by businesses, rise up to 0.5% from -0.4% on September.

Later in Japan, Core Machinery Orders, the new private-sector purchase orders placed with manufacturers for machines (not including ships and utilities), rise up to 2.9% is forecasted now.