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Forex Daily Outlook – October 7 2011

Non-Farm Employment Change in the US and Halifax HPI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

 In the US, Unemployment Rate, important monthly measurement to rate the all work force by Percentage that are looking for employment, 9.1% is forecasted similar to the previous time.

Later in the US, Non-Farm Employment Change, important value of Job creation on the last month (without the farming industry), is expected to rise up to 51K.

More in the US, Average Hourly Earnings, value the businesses labor price (not including the farming industry), is about to rise from -0.1% on September up to 0.2% this month.

Also in the US, Wholesale Inventories is expected to drop down to 0.6% from 0.8% on September.

Finally in the US, Consumer Credit is forecasted to reduce to 8B from 12b on the last month.

In Canada, Employment Change, value of the employed people on the previous month is due to rise from -5.5K on September up to 19.6K this time.

More in Canada, Unemployment Rate, monthly indicator by percentage of the all unemployed force that is looking for a job, 7.3% is expected with no change from the previous time.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, German Industrial Production, value for the output of manufacturers produced, id due to drop down to -0.9% from 4$ on September.

More in Europe, French Gov Budget Balance, the change in value from the government’s income and government’s spending on the last year is due to remain -86.6B, while the French Trade Balance (imported and exported goods) is about to reach -6.3B this month.

For more on the Euro, read the  Euro to dollar forecast.                                                              

In Great Britain, Halifax House Price Index (HPI), difference in homes price that are financed by Halifax Bank of Scotland (HBOS), about to rise from -1.2% on September up to 0.3% now.

More in Great Britain, Producer Price Index (PPI) Input, goods and raw materials manufacturers price is due to rise from  -1.9% on September up to 1.4% this month. While the PPI Output (goods sold by manufacturers) is about to rise up to 0.3%.

Read more about the Pound in the  GBP/USD forecast.

In Switzerland, Unemployment Rate, monthly value be percentage of the total unemployed work force that is looking for a job, 3% is likely with no change from the last time.

Read more about the Swiss franc in the USD/CHF forecast.

In Japan, Leading Indicators, is about to drop from 104.6% down to 103.8%.

Read more about the yen in the USD/JPY forecast.

Happy forex trading

Anat Dror

Anat Dror

Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer