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Forex Daily Outlook July 4 2013

MPC Rate Statement in the UK and Minimum Bid Rate on Europe are the major market-movers. Let see what awaits us today.

In Europe, European Central Bank (ECB) Press Conference, the ECB primary method uses to communicate with investors on monetary policy and to provide clues on future financial policy. While on the Minimum Bid Rate 0.50% is likely to remain with no change from the last months.

Later in Europe, French 10-y Bond Auction, value the average yield on 10-year bonds sold by the government at auction and measures the bid to cover ratio of the auction, no change is due from the last time.

Also in Europe, French Trade Balance, shows the difference between imported and exported goods, -4.5B is forecasted similar to June.

Finally in Europe, Final Gross Domestic Product (GDP) is due to remain -0.2% similar to the last quarter.

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

In Great Britain, MPC Rate Statement, the primary MPC tool uses to communicate with investors on monetary policy and discusses the economic outlook and future vote’s outcome. Anad on the Official Bank Rate no change is due 0.50% is likely to remain.

Later in Great Britain, Asset Purchase Facility, measure all the money that the Bank of England (BOE) will create and use to purchase open market’s assets, 375B with no change from June.

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

In Switzerland, Consumer Price Index (CPI), value the consumers` price change of goods and services, reduce down to -0.1% is calculated from 0.1% on the last month.

Later in Switzerland, Foreign Currency Reserves, the total value of foreign currency reserves that is held by the Swiss National Bank (SNB), 441.4B is due now.

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

In Australia, Australian Industry Group (AIG) Construction Index, 35.3 points are expected now similar to the last month Survey.

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

In Japan, Leading Indicators, a composite index that is based on 11 financial indicators, 96.3% is calculated now from 99.3% on the last report.

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