Fundamental Analysis - October 4, 2011

European session

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ECOFIN Meetings - The meeting of finance ministers of the European Union countries in Brussels will be in focus. Decisions concerning the financial mechanism of the European countries will be expected, especially related to issues that hit members of the European Union lately.

15:30 pm - UK - Construction PMI - Optimism in the construction sector last month's 52.6. this month predicted 51.7. If released in the above figures, will benefit the GBP.

15:30 pm - UK - Speech David Miles, BOE MPC Member - Speech at the Said Business School Conference, Oxford. Optimistic statement will have a positive impact for the GBP.

American session

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20:00 pm - Europe - Testimonials Trichet - ECB President Jean-Claude Trichet will deliver testimony at the European Parliament's Economic and Monetary Affairs Committee, Brussels. An optimistic statement about Europe will benefit the Euro Zone.

20:00 - Speech Sarah Bloom Raskin - Fed Governor delivered a speech entitled "Opportunities and Policy Challenges in Crafting a Foreclosure Response" at the State Bar Association Advanced Real Property Institute, Columbia.

21:00 pm - United - Testimonial Ben Bernanke - Testimony economic outlook and monetary policy action before the Economic Committee in Washington DC. Optimistic statement will have a positive impact for the USD.

21:00 pm - America - Factory Orders - Changes in manufacturing new orders, 2.4% last month and released on the predictions, which provides support to the USD. If the data released over the 0.2% it will come back to give support to the USD.

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