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Forex Daily Outlook July 2 2013

In the UK Construction PMI and RBA Rate Statement in Australia are the main events lined up.  Let’s see what awaits us today.

In the US, Factory Orders important production indicator to value all the manufacturers’ new purchase orders’ rise up to 2.1% is calculated now from 1.0% on June.

Later in the US, William Dudley, Federal Reserve Bank of New York President is due to speak in Stamford.

Finally in the US, Jerome Powell, Federal Reserve Governor is about to speak in New York.

In Europe, Spanish Services Purchasing Managers’ Index (PMI); Monthly business conditions Survey to value the employment, new orders, supplier deliveries and inventories, 47.8 points are due now from 47.3 on the last time.

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

In Great Britain, Construction Purchasing Managers’ Index (PMI), Business Conditions Survey to rate the production, prices, supplier deliveries and inventories, rise up to 51.3 points is likely now from 50.8 on June.

Later in Great Britain, Paul Tucker, Bank of England (BOE) Deputy Governor is due to speak in London.

Finally in Great Britain, Halifax House Price Index (HPI), value the price change of homes that are financed by Halifax Bank of Scotland (HBOS), 0.4% is likely similar to the last month.

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

In Australia, Trade Balance, measures the difference between imported and exported goods and services, 0.05B is likely now from 0.03B on the last report.

Later in Australia, Retail Sales, rise of 0.2% is due on the total value of retail sales up to 0.4%.

Later on in Australia, Glenn Stevens, Reserve Bank of Australia (RBA) Governor is due to speak in Brisbane.

Finally in Australia, Housing Industry Association (HIA) New Home Sales the newly constructed homes sold, 3.9% is predicted now 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