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Forex Daily Outlook May 7 2013

RBA Rate Statement in Australia and Halifax HPI in the UKI are the main events lined up.  Let’s see what awaits us today.

In the US, Jack Lew, US Treasury Secretary, is due to speak in Cleveland.

In Europe, French Industrial Production, value all the output that was produced by manufacturers, mines, and utilities, -0.2% is expected now from 0.7% on April.

Later in Europe, German Factory Orders, value the entire new manufacturer’s purchase orders, -0.4% is likely now from 2.3% on the last time.

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

In Great Britain, Halifax House Price Index (HPI), measures the price change homes that are financed by Halifax Bank of Scotland (HBOS), 0.2% is due with no change from the last report.

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

In Switzerland, Foreign Currency Reserves, value all the foreign currency reserves that are held by the Swiss National Bank (SNB), 438.3B is likely similar to the last time.

Later in Switzerland,   State Secretariat for Economic Affairs (SECO) Consumer Climate, Survey that is Released every 3 months to value the of past and future financial conditions, -3 points is expected from -6 points on the previous index.

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

In Australia, Reserve Bank of Australia (RBA) Rate Statement, the RBA primary tools used to communicate with investors on monetary policy and discuss the financial outlook of future decisions. While on the Cash Rate, 3.00% is due with no change from the previous report.

Later in Australia, Trade Balance, value the difference between imported and exported goods and services, 0.20B is forecasted now from -0.18B on the reported month.

Finally in Australia, House Price Index (HPI), shows the selling price of homes in the nation’s 8 state capitals, rise up to 1.9% is due from 1.6% on the previous quarter.

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

In New Zealand, Reserve Bank of New Zealand (RBNZ) Financial Stability Report, provides insights into the bank’s view of inflation, growth, and more financial conditions regarding the interest rates.

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