Home Forex Daily Outlook May 1 2013
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Forex Daily Outlook May 1 2013

ADP Non-Farm Employment Change in the US and Manufacturing PMI in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, VALUE THE employed people (not including the farming industry and government) over the last month, 154K is due from 158K on April.

Later in the US,   The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), Survey to measures the business conditions like employment, new orders, supplier deliveries and inventories, 51.0 points are due now from 51.3 points on the last month.

More in the US, Federal Open Market Committee (FOMC) Statement, FOMC tool that is been uses to communicate with investors on monetary policy   and  discusses the economic outlook. While on th Federal Funds Rate no change is predicted now and 0.25% is likely to remain.

Finally in the US, Crude Oil Inventories, weekly indicator to predict the commercial barrels of crude oil that are  held in inventory, 0.8M id expected now from 0.9M on the last time.

In Canada, Mark Carney, Bank of Canada (BOC) Governor is due to speaks in in Edmonton

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

In Great Britain, Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories, 48.6 points are forecasted now from 48.3 points on the last time.

Later in Great Britain,   Ben Broadbent, External Bank of England (BOE) Monetary Policy Committee (MPC) Member, is due to speak at the University of London.

Later on in Great Britain, Nationwide House Price Index (HPI), rise up to 0.3% is due now.

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

In Australia, Malcolm Edey, Reserve Bank of Australia (RBA) Assistant Governor (Financial System), is about to speaks in Sydney.

Later in Australia, Housing Industry Association (HIA) New Home Sales, value the newly constructed homes sold, -5.3% is likely to remain similar to the last month report.

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

In Japan, Average Cash Earnings, value all the employment income collected by workers, is calculated now -1.0% from -0.8% on April.

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