Fundamental Analysis - October 6, 2011

European session
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14:15 pm - Switzerland - CPI - This data will be an important indicator to measure the rate of inflation in Switzerland. Data released last month under predictions. Today's data is expected to stagnate. If released in the above predictions will benefit the CHF.
17:00 GMT - Europe - German Factory Orders-estimated, the demand for the industry in Europe will increase 0.2%, after declining 2.8% last month, which suppresses the Euro. If the data released over the prediction it gives a positive impact on the Euro.
18:00 pm - UK - Asset Purchase Facility - the Bank of England is predicted to continue to maintain the Asset Purchase at nominal rates EUR 200 billion.
18:00 pm - UK - Official Bank Rate - The interest rate the Bank of England are also expected to remain at the level of 0.5%. If there is an increase, it will be very beneficial GBP.
UK - MPC Rate Statement - BoE statements are optimistic about the state of the UK economy and the policies that are likely to be pursued at a later date will provide support for the GBP.
18:45 GMT - Europe - Minimum Bid Rate - The interest rate the European banking operations is expected to increase at 1.50% level. If released over the prediction it will be good for the Euro.
American Session
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19:30 pm - Canada - Building Permits - Number of residential building permits to predict at the level of 0.6%. This is the first step in construction activity in the future. If the data released this month on top of it will be a good predictor for CAD.
19:30 pm - Europe - ECB Press Conference - The ECB will provide views on the European economy and also about interest rates. Optimistic statements that will benefit the euro.
19:30 pm - America - Unemployment Claims - The number of people claiming unemployment insurance are at 411,000, higher than last month's data 391 000. Although it is an indicator of late but the amount of unemployment is one signal of overall economic health, because public consumption is highly correlated with labor market conditions. If the data was released under a prediction it will benefit the USD.
21.00 - Canada - Ivey PMI - a composite index based on the level of purchasing managers survey is at the level of 58.2. This indicates continued expansion of industrial sectors. The data was released above that level would be good for CAD.

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