Home Forex Daily Outlook October 3 2012
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Forex Daily Outlook October 3 2012

ADP Non-Farm Employment Change in the US and Trade Balance in Australia are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, the estimated number of employed over the previous month (not including the farming industry and government), reduce is likely from 201K on September down to 146K now.

Later in the Us, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey to rate the level of business conditions such as employment, new orders, supplier deliveries and inventories; 53.4 points are due now from 53.7 on September.

Finally in the US, Crude Oil Inventories, weekly indicator to estimate the number of commercial crude oil barrels that are held in inventory, -2.4M is expected similar to the last report.

In Europe, Retail Sales, Value all the sales at the retail level; rise of 0.2 is likely now from September.

More in Europe,   Final Services Purchasing Managers’ Index (PMI); Monthly Survey to rate the business conditions including production, prices, supplier deliveries and inventories, 46 points are due to remain with no change from the last time.

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

In Great Britain, Services Purchasing Managers’ Index (PMI), Survey that value business conditions such as new orders, prices, supplier deliveries and inventories, 53.1 points are forecasted now from 53.7 points on the last month.

Later in Great Britain, Halifax House Price Index (HPI), shows the price change in homes that are financed by Halifax Bank of Scotland (HBOS); rise up to 0.2% is participated from -0.4% on September.

Later on in Great Britain, Housing Equity Withdrawal, all the new home loans that are not used for home purchases or improvements; rise of 0.2B is due to -8.6B.

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

In Australia, Trade Balance, value the difference in between imported and exported goods and services, is about to further reduce down to -0.69B from -0.56B on the last month.

Later in Australia, HIA New Home Sales, value the number of newly constructed homes that were sold on the previous month, -5.6% is due similar to the last report.

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