Forex Daily Outlook December 5 2011



We start the week with some interesting events like ISM Non-Manufacturing PMI in the US and Services PMI in the UK as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI); Monthly Survey to value the business conditions such as new orders, employment etc., a rise is expected 52.9 points on November up to 53.6 points now.

More in the US, Factory Orders, production key indicator to value the manufacturer’s new orders placed, about to reduce by 0.5% compared to November down to -0.2%.

Finally in the US, Charles Evans, Federal Reserve Bank of Chicago President is due to speak in Muncie.

In Europe, Retail Sales, key consumer spending indicator for all retail sales, is likely to rise from -0.6% on November up to 0.2% now.

More in Europe, Sentix Investor Confidence, Survey to measure the Eurozone financial outlook over the last six-months, about to reduce by 0.2 points down to -21.4 points.

Finally in Europe, Final Services Purchasing Managers’ Index (PMI), due to remain 47.8 like on the last month.

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

In Great Britain, Services Purchasing Managers’ Index (PMI); Survey to value the business conditions such as prices etc., is likely to reduce from 51.3 points on November down to 50.7 points now.

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

In Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, value the jobs advertised on the capital cities, -0.7% is estimated, with no change November.

More in Australia, Australian Industry Group (AIG) Survey Monthly Services Index to value the business conditions changes, 48.8 points is likely similar to November.

Moreover in Australia, Company Operating Profits, corporations profits changes 3.2% I expected now compare to 6.7% on November.

Finally in Australia, Melbourne Institute (MI) Inflation Gauge is expected to remain 0.1% like on November.

That’s it for today.

For more events later in the week, check out the Live Forex Calendar


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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