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Forex Daily Outlook December 2 2011

We summarize this week Non-Farm Employment Change in the US and Construction PMI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Unemployment Rate, monthly percentage indictor to value the jobless that are looking for jobs on the past month, about to remain 0.9%.

More in the US, Non-Farm Employment Change, value the number of employed people; rise is expected from 80K on November up to 120K now.

Later in the US, Treasury Currency Report, important report to show the f worldwide exchange rate policies, financial conditions, and government actions.

Later on in the US, Average Hourly Earnings, consumer inflation indicator that measures the labor prices in   businesses (not including farming commerce), due to remain 0.2%.

Also in the US, Richard Fisher, Federal Reserve Bank of Dallas President is due to speak in Dallas.

Finally in the US, Charles Plosser, Federal Reserve Bank of Philadelphia President is about to talk in Philadelphia.

In Canada, Employment Change, monthly report to value the number of employed persons, rise is expected from -54.0K on November up to 18.1K this month.

More in Canada, Unemployment Rate, measures in percentage the unemployed who are looking for jobs, about to remain 7.3 with no change from the last report.

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

In Europe, Producer Price Index (PPI), value the producers goods and services prices, is about to reduce 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 rate the business conditions, is due to decreases from 53.9 on the last report down to 52.1 now.

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

In Switzerland, Retail Sales, important measurement for consumer spending, is due to rise from -0.9% up to 1.2%.

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

That’s it for today.

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