Home Forex Daily Outlook December 5 2012
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Forex Daily Outlook December 5 2012

ISM Non-Manufacturing PMI in the US and Services PMI in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, ADP Non-Farm Employment Change, Monthly Estimation for employed people (without the farming industry and government), 129K is due now from 158K on November.

Later in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI) to value the business conditions, 53.6 points are calculated now from 54.2 points on the last month.

More in the US, Revised Nonfarm Productivity, measures the labor efficiency when producing goods and services (not including the farming industry), rise up to 2.7% now is likely from 1.9% on the last report.

Moreover in the US, Factory Orders are due to reduce down to 0.1% from 4.8% on November.

Finally in the US, Crude Oil Inventories, weekly indicator to value the of commercial firms crude oil barrels that are held in inventory, -0.4M is likely, further reduce from -0.3M on the past week.

In Europe, Retail Sales, value all the sales at the retail level; -0.1% is due now from -0.2% on the last time.

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

In Great Britain, Services Purchasing Managers’ Index (PMI), diffusion index to value the business conditions, reduce of 0.5 points down to 51.1 points is calculated from the last month.

Later in Great Britain, Autumn Forecast Statement shows the government spending and borrowing levels.

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

In Australia, Gross Domestic Product (GDP), quarterly indicator to value the Change in all the economy’ production of goods and services, 0.6% is due now similar to the previous report.

Later in Australia, Philip Lowe, Reserve Bank of Australia (RBA) Deputy Governor is due to speak in Sydney.

Later on in Australia, Guy Debelle, Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets), is due to speak.

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

In New Zealand, RBNZ Monetary Policy and Rate Statement are due now, followed by RBNZ Press Conference and the Official Cash due to remain with no change 2.50% from the last months.

For more about the kiwi, see the NZD/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