Home Forex Daily Outlook July 3 2012
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Forex Daily Outlook July 3 2012

Building Approvals in the UK and Construction PMI in Canada are the main events lined up.  Let’s see what awaits us today.

In the US, Factory Orders, production important indicator to value all the     manufacture’s new acquisition over the last month, is due to rise up from -0.6% on June up to 0.1% now.

Later in the US, Total Vehicle Sales, measures the annualized number of cars and trucks that were domestically sold on the past month, rise is likely from 13.8M on the previous report up to 14.0M now.

In Europe, Producer Price Index (PPI), value the producer’s price change for finished goods and services, is about to drop down to -0.2% from the last month.

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

In Great Britain, Construction Purchasing Managers’ Index (PMI); Monthly Survey to measure the business conditions like production, prices, and inventories; is due to reduce by 1.3 points from June down to 53.1 points.

Later In Great Britain, Net Lending to Individuals, correlated with consumer spending and value all the   new credit that were issued to consumers on the previous month, due to decreases from 1.4B on June down to 1.1B now.

More in Great Britain, Halifax House Price Index (HPI), shows the price change of the homes that are financed by Halifax Bank of Scotland (HBOS); decreases is predicated down from 0.5% on June to -0.3% this time.

Also in Great Britain, M4 Money Supply, all the quantity of domestic currency that is circulation and deposited in banks, rise of 0.3% is likely from June up to 1.4% now.

More in Great Britain, British Retail Consortium (BRC) Shop Price index, is about to remain 1.5% similar to the previous month.

Finally in Great Britain, Mortgage Approvals, the new approved mortgages for home purchases on the last month, 51K is estimated this time from 52K on June.

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

In Australia, Building Approvals, future construction activity excellent indicator to value all the new building approvals that were issued on the past month, rise from -8.7% on June up to 5.1% this time is forecasted.

Later in Australia, Reserve Bank of Australia (RBA) Rate Statement, one of the primary tools the RBA Reserve Bank Board uses to communicate with investors regarding monetary policy and interest rates. Also discusses the economic outlook. While the Cash Rate remain similar to the last reports 3.50%.

Later on in Australia, Australian Industry Group (AIG) Services Index, Survey to value the   business conditions including employment, new orders, supplier deliveries and inventories, 43.5 points are about to remain similar to the last month report.

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

In New Zealand, ANZ Commodity Prices, the global price change for exported commodities, is due to remain -4.2% with no change from the last report.

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

In Japan, Average Cash Earnings shows the total value of employment income that is collected by workers on the last month, rise of 0.4% is predicted up to 0.6%.

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

Trade well

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