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Forex Daily Outlook July 3 2013

Unemployment Claims in the US and Services PMI in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Trade Balance, linked with currency demand and value the difference between imported and exported goods -40.3B is likely to remain similar to the last time.

Later in the US, Unemployment Claims, calumet the weekly individuals that applied for unemployment insurance for the first time, 345K is due from 346K on the last report.

Later on in the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, Estimates the   employed people on the previous month (not including the farming industry and government), rise up to 161K is due now from 135K on June.

More in the US,   ISM Non-Manufacturing PMI, Monthly Business Conditions Survey to rate the employment, new orders, supplier deliveries and inventories 54.3 points are calculated now from 53.7 on the previous month.

Also in the US, Jack Lew, US Treasury Secretary is due to speak in Washington DC.

Finally in the US, Crude Oil Inventories, measures the commercial firms barrels of crude oil that are held in inventory, due to remain similar to the last week report.

In Canada, Trade Balance, shows the difference between imported and exported goods, -0.7B is likely now from -0.6B during the reported month.

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

In Europe, Retail Sales, Value all the sales at the retail level, rise up to 0.4% is expected this month from -0.5% on the last time.

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

In Great Britain, Services Purchasing Managers’ Index (PMI), Monthly Business Conditions Survey to value the production, new orders and supplier deliveries, reduce of 0.3 points are forecasted this time down to 54.6 points.

Later in Great Britain, Bank of England (BOE) Credit Conditions Survey, Released quarterly to value credit conditions over the past and next 3 months.

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

In Australia, Building Approvals future construction activity indicator to show the new building approvals issued, -0.9% is likely now from 9.1% on June.

Later in Australia, Philip Lowe, Reserve Bank of Australia (RBA) Deputy Governor is about to speak in Sydney.

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

In Japan, Haruhiko Kuroda Bank of Japan (BOJ) Governor is due to speak in Tokyo.

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