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Forex Daily Outlook February 6 2012

We start the week with some interesting events like Ivey PMI in Canada and Halifax HPI in the UK as the main highlight on today’s outlook. Let’s see what awaits us today.

In Canada, Ivey Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions including employment, production, new orders, prices, supplier deliveries, and inventories reduce to 58.6 from 63.5 on the last month and indicates industry expansion.

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

In Europe, Sentix Investor Confidence, Monthly Survey to rate the Eurozone economic outlook for the last 6 months, indicates pessimism with -14.8 up from -21.1 on January.

Survey of about 2,800 investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone

More in Europe, German Factory Orders, value the manufacturer’s purchase orders, about to rise up from -4.8% on January to 0.7%.

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

In Great Britain, Halifax House Price Index (HPI), value the price change homes financed by Halifax Bank of Scotland (HBOS), about to rise up from -0.9% from 0.1%.

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

In Switzerland, Foreign Currency Reserves, value of the foreign currency reserves held by the Swiss National Bank (SNB), is about to remain 254.2B similar to the previous report.

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

In Australia, Retail Sales, the retail level of sales, rise up to 0.2%.

Later in Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, number of jobs advertised in the media, is due to remain -0.9%.

Final in Australia, AIG Construction Index is about to remain 41 points.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, Labor Cost Index, businesses pay for labor price change (Excluding overtime), is due to remain 0.5%.

For more about the kiwi, see the NZD/USD forecast.

That’s it for today.

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