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Forex Daily Outlook April 30 2013

CB Consumer Confidence in the US and GDP  in Canada are the main events lined up.  Let’s see what awaits us today.

In the US, The Conference Board (CB), Consumer Confidence survey to value the current and future financial conditions like labor availability and overall economic situation, rise up to 60.6 points from 59.7 points on the last month is due.

Later in the US, Employment Cost Index, value the price change in businesses and the government payment for civilian labor, rise of 0.1 is likely up to 0.5% now.

More in the US, Standard & Poor’s (S&P) Case-Shiller (CS) Composite-20 House Price Index (HPI), measures the selling price of homes in 20 metropolitan areas, 9.1% is calculated now from 8.1% on the last time.

Finally in the US, Chicago Purchasing Managers’ Index (PMI); diffusion index that is based purchasing managers in the Chicago area on survey, rise of 0.1 points is expected now up to 52.5 points.

In Canada, Gross Domestic Product (GDP), shoes the value of all goods and services that were produced by the economy over the past month, 0.2% is likely to remain similar to the last report.

Later in Canada, Raw Materials Price Index (RMPI), value the manufacturer’s price change of raw materials, drop down to 0.1% is likely from 2.2% on March.

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

In Europe, Unemployment Rate, value by percentage all the unemployed and actively seeking for jobs, 12.1% is forecasted from 12.0% on March.

Later in Europe, German Unemployment Change, value the unemployed people over the last month, 2K is predicted from 13K on the previous month.

More in Europe, Consumer Price Index (CPI) Flash Estimate, shows the consumers’ price change of goods and services, 1.6% is due now from 1.7% on March.

Moreover in Europe, German Retail Sales the total value of sales at the retail level (not including cars and gas stations), -0.2% is expected from -0.3% on the last time.

Also in Europe, GfK German Consumer Climate, Survey to rate the past and future monetary conditions, such as personal financial situation and overall economic situation, 5.9 points are due now with no change from the last time.

Finally in Europe, French Consumer Spending  It’s the primary gauge of consumer spending to value all goods expenditures by consumers; rise up to 0.2% from -0.2% on the last time is due

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

In Great Britain, Net Lending to Individuals, value all the new credit issued to consumers, 1.3B is due from 1.5B on the last time.

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

In Australia, Private Sector Credit, value all the new credit that were issued to consumers and businesses, rise up to 0.3% is due from 0.2% on the last time.

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

In New Zealand, ANZ Business Confidence, Survey to rate the relative 12 month financial outlook, 34.6 points are due now.

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

In Japan, Prelim Industrial Production, value of the output produced by manufacturers, mines, and utilities, 0.4% is predicted now from 0.6% on March.

Later in Japan, Retail Sales, the total value of sales at the retail level, 0.5% is likely now from -2.2 on the last report.

Finally in Japan, Household Spending, all expenditures by consumers, rise up to 1.7% is calculated now from 0.8% 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