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Forex Daily Outlook – July 5 2011

Factory Orders in the US and Halifax HPI in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Factory Orders, important in leading sign of production, released monthly to value price of new manufacturers’ orders acquisition, is about to rise from-1.2% on June to 1.1% this time.

In Europe, Retail Sales, main monthly indicator of consumer costs, reduction is expected from 0.7% on June to -0.9% this time.

More in Europe, Final Services Purchasing Managers’ Index (PMI), monthly survey of about 600 acquiring managers to value the business conditions, 54.2 points is expected like on the previous month.

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

In Great Britain, Halifax House Price Index (HPI), monthly report to value the hoses price that are financed by the Halifax Bank of Scotland (HBOS), is about to remain 0.1% that is similar to the previous month.

More in Great Britain, Services Purchasing Managers’ Index (PMI) purchasing managers monthly Survey to value business conditions, a small chance from 53.8 points on June to 53.6 points this month is forecasted.

Finally in Britain, British Retail Consortium (BRC) Shop Price Index, released monthly and measures the value of goods bought by BRC members.

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

In Australia, Trade Balance, measurement to value the difference prices between imported and exported services and goods on the passing month, a rise from 1.60 billion on June to 1.91 billion this time.

More in Australia, Reserve Bank of Australia (RBA) Rate Statement one of the majeure and important measuring tools that RBA uses to Reserve Bank Board uses to connect with investors regarding monetary policy and interest rates.

Finally in Australia, Cash Rate monthly measurement to value the Interest rate for dramatic money market credits, 4.75% is expected like on the previous months.

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

In Japan, Average Cash Earningsm important report to measure employment income over the passing month, a rise of 1% to -0.4$ is expected this month.

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

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


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