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Building Permits in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Consumer Price Index (CPI), value the price of various goods and services on the last month, due to drop down by 0.1% to 0.3%. Meanwhile the Core CPI is likely to stay 0.2% similar to September.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-daily-outlook-%E2%80%93-october-19-2011/"]Forex Daily Outlook – October 19 2011[/URL][/I][/B]

The euro is trading lower and will likely to be heavy towards the upcoming summit. But the euro’s problems are not limited to the debt crisis.

In the interview below, David Song of DailyFx discusses the euro, the hopes for the US in averting recession, the weight on the pound and other current fundamental questions.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/euro-weakness-not-only-the-debt-crisis/"]Euro Weakness: Not Only the Debt Crisis[/URL][/I][/B]

Euro dollar continues losing ground as a lot of cold water is spilled on the high hopes and grand promises for a comprehensive solution. The pair managed to stabilize at the next support line A big bulk of events awaits us today. Will the fall continue?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-oct-18-weakness-continues/"]EUR/USD – Weakness Continues[/URL][/I][/B]

A lot of cold water has been spilled on the high hopes for a quick and comprehensive solution for the European debt crisis. With less expectations from the upcoming summit and from a Chinese rescue, EUR/USD loses the critical resistance line it struggled to conquer. 

What’s next? Update.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/when-promises-meets-reality-the-euro-falls/"]When Promises Meets Reality, EUR/USD Falls[/URL][/I][/B]