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Forex Daily Outlook May 29 2013

BOC Rate Statement in Canada and Unemployment Change in Europe are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Eric Rosengren, Federal Reserve Bank of Boston President, is about to speak in Minneapolis.

In Canada, BOC Rate Statement Bank of Canada (BOC) primary tool to communicate with investors on monetary policy and discusses the financial outlook of future decisions. Meanwhile the Overnight Rate no change is likely and 1.00% is due.

Later in Canada, M3 Money Supply, value the total quantity of domestic currency that is circulated and deposited in banks, 2.9% is due similar to the last month.

Later on in Canada, German Unemployment Change, value the unemployed people over the last month, 4K is forecasted with no change from the last time.

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

In Europe, German Prelim Consumer Price Index (CPI),

Later in Europe, Private Loans -0.4% -0.8%

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

In Great Britain, Charles Bean, Bank of England (BOE) Deputy Governor; is due to speak in London.

Later in Great Britain, Confederation of British Industry (CBI) Realized Sales, Survey to rate the current sales volume, rise up to 4 points is due from -1 points on April.

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

In Switzerland, UBS Consumption Indicator, 1.25 points are likely similar to the last index.

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

In Australia, Construction Work Done calculated all the construction projects completed, rise up to 1.1% is likely from -0.1% on the last quarter.

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

In New Zealand, Building Consents is due remain -9.1%.

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