Forex Daily Outlook January 3 2013



ISM Non-Manufacturing PMI in the US and Unemployment Rare in Canada are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, FOMC Meeting Minutes the detailed from FOMC’s recent meeting that provides information on the interest rates economic and financial conditions.

Later in the US, Unemployment Claims, the unemployment who filed for insurance for the first time, rise of 6K from the last week is due up to 356K now.

Later on in the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, Estimated the employed people over the previous month (without government and the farming industry), rise is likely up to 134K this month from 118K on December.

In Europe, Unemployment Change, value the unemployed on the last month, on the German Unemployment Change 11K is due from 5K on the last time. And on the Spanish Unemployment Change 50.3K is predicted from 74.3K on December.

Later in Europe, M3 Money Supply, all the domestic currency in circulation and deposited in banks, is about to reduce by 0.1% down to 3.8% now.

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

In Great Britain, Halifax House Price Index (HPI), shows the price change of homes that are financed by Halifax Bank of Scotland (HBOS); 0.2% is likely now from 1% on December. And similar rise is due on the Nationwide HPI up by 0.1% from the last report.

Later in Great Britain, Construction Purchasing Managers’ Index (PMI), 49.6 points are likely now from 49.3 points on the last month.

Finally in Great Britain, Bank of England (BOE) Credit Conditions Survey is due on this quarter.

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

In Switzerland, KOF Economic Barometer, Level of a composite index based on 12 financial indicators, 1.39 points are due now from 1.50 points on the last report.

Later in Switzerland,  Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME), Purchasing Managers’ Index (PMI); Survey to rate the relative level of business conditions, rise of 0.2 points up to 48.7 points now.

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

In Australia, AIG Services Index, 47.1 points are due now similar to the last month.

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

Trade well




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

1 Comment

  1. Rakesh Kumar says:

    Where is Audusd heading and what’s the top.

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