Home Forex Daily Outlook April 3 2013
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Forex Daily Outlook April 3 2013

ISM Non-Manufacturing PMI in the US and Construction PMI in the UK 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 people on the last month (not including the farming industry and government), rise up to 203K is likely now from 198K on the previous report.

Later in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), Survey to value the business conditions like production, prices, supplier deliveries and inventories, 55.9 points is likely now from 56.0 points on March

More in the US, Crude Oil Inventories, measures the commercial firms crude oil barrels that are held in inventory over the last week, 1.8M is estimated now from 3.3M on the past time.

Finally in the US, James Bullard, Federal Reserve Bank of St. Louis President is due to speak in St. Louis.

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

In Europe, Consumer Price Index (CPI) Flash Estimate, the consumers’ price change of goods and services,  1.6% is calculated now, 0.2% less than on the last month.

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

In Great Britain, Construction Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, supplier deliveries and inventories 47.7 points are due now from  46.8 points on March.

Later in Great Britain, Bank of England (BOE) Credit Conditions Survey, to measure the credit conditions in the past and next 3 months.

Finally in Great Britain, Housing Equity Withdrawal, -7.4B is predicted this time from -8.0B on the previous quarter.

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

In Australia, Trade Balance, value the difference between imported and exported goods and services, rise up to -1.00B is forecasted this month from -1.06B on the last report.

Later in Australia,   HIA New Home Sales, the number of newly constructed homes sold, 4.2% is likely to remain this month similar to the last time.

Finally in Australia, Australian Industry Group (AIG) Services Index, is likely to remain 48.5   points with no change from the last time.

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