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Forex Daily Outlook April 2 2013

Factory Orders in the US and Manufacturing PMI in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, Charles Evans, Federal Reserve Bank of Chicago President is about to speak in Richmond.

Later in the US,   Factory Orders, production leading indicator to value al the new manufacturer’s purchase orders, 3.1% is likely now from -2.0% on March.

In Canada, John Murray, Bank of Canada (BOC) Deputy Governor is due to participate in a panel in Washington DC

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

In Europe, Unemployment Rate, measures by percentage the total work force that is actively looking for jobs on the last month, 12.0% is predicted now from 11.9% on the last report.

Later in Europe, German Prelim Consumer Price Index (CPI), value the consumer’s price change of goods and services, 0.4% is expected now from 0.6% in March.

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

In Great Britain, Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories, rise from 47.9 points on the last month up to 48.9 points now is forecasted.

Later in Great Britain,   Net Lending to Individuals correlated with consumer spending, to value the total of new credit that were issued to consumers, 0.9B are due now from 0.6B on the previous report.

Finally in Great Britain, Halifax House Price Index (HPI), calculates the price change homes that were financed by Halifax Bank of Scotland (HBOS), 0.2% is due now from 0.5% on the past month.

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

In Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI), survey to rate the business conditions like employment, new orders, supplier deliveries and inventories, 50.5 points are due now, 0.3 points les then on the past time.

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

In Australia, Reserve Bank of Australia (RBA) Rate Statement, the RBA Reserve Bank Board tool to communicate with investors on monetary policy, decision on interest rates and discusses the financial outlook. Menwhoile on the Cash Rate no change is likely and 3.00% is predicted now.

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

For more about the kiwi, see the NZD/USD forecast.

In Japan, Average Cash Earnings, measures the employment income that is collected by workers, -0.1% is predicted now from 0.1% on March.

Read more about the yen in the USD/JPY 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