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Forex Daily Outlook April 6 2012

We summarize this week Non-Farm Employment Change in the UK as the major event this day. Here is an outlook on the market-movers awaiting us.

In the US, Unemployment Rate, value by percentage the unemployed that are actively seeking for jobs on the last month, 8.3% is expected similar to march report.

More in the US, Non-Farm Employment Change, measure the number of employed on the last month (apart from the farming industry) reduce of 66K from March is forecasted down to 211K.

Later in the US, Average Hourly Earnings, consumer inflation indicator to value the price change in the businesses payments for labor (not including the farming industry), rise is predicted from 0.1% on March up to 0.2% this month.

Finally in the US Consumer Credit, value the unpaid consumer credit that needs payments, reduce of 4.9B from March is predicted down to 12.9B.

In Europe, French Trade Balance, value the difference between imported and exported goods, -5.1B is likely that is 0.2B growth from March.

More in Europe, French Gov Budget Balance is due to remain similar to last month report -12.5B.

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

In Japan, Leading Indicators, is about to rise from 94.4% on March up to 95.6% now.

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

That’s it for today.

For more events later in the week, check out the Live Forex Calendar

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