Home Forex Daily Outlook February 3 2012
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Forex Daily Outlook February 3 2012

We summarize this week Unemployment Rate in the UK and Services PMI in the US are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Unemployment Rate, measures total work unemployed force (by percentage) that looking for jobs during the last month.

More in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), is due to rise up from 52.6 points on the last time up to 53.2 points.

Later in the US, Non-Farm Employment Change, the number of employed people over the last month (not including the farming industry), is about to drop down from 200K on December to 156K.

Later on in the UK, Average Hourly Earnings, the price change of labor (without excluding the farming industry) is due to remain similar to the last time 0.2%.

Finally in the US, Factory Orders, value of the manufacturers new purchase orders on the last month, reduce is predicted from 1.8% down to 1.5%.

In Canada, Employment Change, value the total employed people over the last month, due to rise up from 17.5K on December up to 23.5K.

More in Canada, Unemployment Rate, value the unemployed that are looking for jobs over the last month by percentage, no change is expected from December and 7.5% is predicted now.

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

In Europe, Retail Sales, value the total of inflation-adjusted retail level sales, is about to rise from -0.8% up to 0.4% now.

More in Europe, Final Services Purchasing Managers’ Index (PMI); due to remain 50.5 points this month,

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

In Great Britain, Services Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions such as new orders, prices, and supplier deliveries, due to reduce down to 54.0 points to 53.6 points.

More in Great Britain, Halifax House Price Index (HPI), value the price change of households that are financed by Halifax Bank of Scotland (HBOS), is due to rise up from -0.9% up to 0.1% now.

Read more about the Pound in the  GBP/USD 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