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Forex Daily Outlook May 9 2013

Unemployment Claims in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims. Value the individuals that filed for unemployment insurance on the last week for the first time, 333K is likely from 324K on the last report.

In Canada, New Housing Price Index (NHPI), measures the selling price change of new homes, 0.1% is forecasted now from 0.2% on April.

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

In Europe, European Central Bank (ECB) Monthly Bulletin, the ECB Governing Board statistical evaluation for the latest interest rate decision, the bank’s viewpoint of the current and future financial conditions.

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

In Great Britain, Monetary Policy Committee (MPC) Rate Statement, MPC primary tool uses to communicate with investors on financial policy, discusses the monetary outlook of future votes. While the Official Bank Rate is due to remain similar to the previous months with 0.50%.

Later in Great Britain, Manufacturing Production shows all the value of output produced by manufacturers, 0.4% is calculated now from 0.8% on April.

Also in Great Britain, Asset Purchase Facility, Bank of England (BOE) use to purchase assets in the open market, 375B is due with no change from the last months.

Finally in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate ,the estimated value of all goods and services that were produced the by the economy on the past 3 months, 0.1% is due similar to the last report.

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

In Australia, Employment Change, monthly report to calculate the employed people, rise up to 11.5K is expected from -36.1K on the last time.

Later in Australia, Unemployment Rate, value by percentage all the unemployed work force that is seeking employment,  5.6% is likely similar to the previous report.

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