Forex Daily Outlook – July 1 2011



We end this week with ISM Manufacturing PMI in the US and Manufacturing PMI in the UK. Here is an outlook on the market-movers awaiting us.

In the US, Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); monthly survey of 400 manufactures to measure business conditions, is about to reduce by 1.6 points but still indicated growth with 51.9 points. Meanwhile the ISM Manufacturing Prices that measures services and goods values is about to reduce to 72.3 points.

Later the US, Revised UoM Consumer Sentiment, monthly survey of 500 consumers to measure present and upcoming financial conditions; is about to rise by 0.3 point from 71.8 points on May to 72.1 this time.

More in the US, Revised UoM Inflation Expectations, monthly survey of 500 consumers to measure the amount of change in percentage for the price of services and goods on the next 12 months,

Also in the US, Construction Spending, Monthly report to measures the amount builders spent on for accommodation and public growth, is about to reduce to 0.1%.

Finally in the US, Total Vehicle sales, Monthly measurement to value the amount of cars and trucks sold in the U.S,

In Europe, Unemployment Rate, monthly measurement to value the work force in percentage of the unemployed that are looking for employment, is about to remain 9.9% that is similar to May.

More in Europe, Final Manufacturing Purchasing Managers’ Index (PMI), monthly survey of 600 manufactures to value the level of business conditions, about to remain 52 points that is similar to May.

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

In Great Britain, Manufacturing Purchasing Managers’ Index (PMI), survey that is published every month to value the level of business conditions, a small rise from 52.1 points on May to 52.3 is expected.

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

In Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI), monthly survey of 200 managers to value the level of business conditions, is likely to slightly reduce from 58.2 points to 57.9.

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

In Australia, Commodity Prices, monthly report to measure the change in the selling price of exported supplies, is likely to remain 29.4% that is similar to the passing month.

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

Happy forex trading




About

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

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