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Forex Daily Outlook May 4 2012

We end this week with Non-Farm Employment Change as the major event of the day. Here is an outlook on the market-movers awaiting us.

In the US, Unemployment Rate, value by percentage of all the unemployed work force that is looking for jobs on the last month, 8.2% is predicted similar to April.

Later in the US, Non-Farm Employment Change, important consumer spending indicator to value the number of employed people (not including the farming industry), rise is likely from 120K on April up to 173K.

Later on in the US, John Williams, Federal Reserve Bank of San Francisco President, is about to speak in Dana Point

Finally in the US, Average Hourly Earnings, measures the price change that businesses pay for labor (without the farming industry), 0.2% is expected with no change from the last month.

In Canada, Ivey Purchasing Managers’ Index (PMI), Survey to value the business conditions such as employment, new orders, supplier deliveries, inventories and so on, due to reduce 63.5 points  on April up to 62.6 points.

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

In Europe, Retail Sales, consumer spending main gauge, 0.1% is predicted from -0.1% on April.

Later in Europe, Final Services Purchasing Managers’ Index (PMI), 0.2% is likely with no change from April’s survey.

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

In Great Britain, Halifax House Price Index (HPI), value the price change in homes that are financed by the Bank of Scotland (HBOS), reduce is forecasted from 2.2% April down to -0.4%now.

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

In Switzerland, Retail Sales, the consumer spending primary gauge, 1.2% is estimated now, 0.4% rise from April.

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

In Australia, Reserve Bank of Australia (RBA) Monetary Policy Statement, provides dear insight regarding the bank’s view of economic conditions and inflation, and can shape the future of monetary policy and the interest rate decisions.

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

Trade well

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