Home Forex Daily Outlook August 22 2013
Daily Look

Forex Daily Outlook August 22 2013

Unemployment Claims in the US and Retail Sales in Canada are the major market-movers. Let see what awaits us today.

Jackson Hole Symposium (Day 1), The Economic Symposium that is held in Jackson Hole, Wyoming. Central bankers & finance ministers from around the world are due to attend it.

In the US, Unemployment Claims, weekly indicator to value the individuals that filed for unemployment insurance for the first time, 322K is due now from 320K on the last time.

Later in the US, Jack Lew, US Treasury Secretary is due to speak in Mountain View.

Later on in the US, Flash Manufacturing Purchasing Managers’ Index (PMI), Business Conditions Survey to rate the employment, new orders, supplier deliveries, and inventories, 54.1 points are due now from 53.7 on July.

More in the US, House Price Index (HPI), drop down of 0.1% is likely now to 0.6%.

Also in the US, The Conference Board (CB Leading Index, a composite index that is based on 10 financial indicators, rise up to 0.5% is due now.

Finally in the US, Natural Gas Storage, is likely to remain 65B similar to the last week report.

In Canada, Retail Sales, the consumer spending primary gauges to value all the sales at the retail level, -0.3% is predicted now from 1.9% on July. While on the Core Retail Sales (not including cars), 0.1% is forecasted now from 1.2% on July.

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

In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI); Monthly Survey to value the business conditions like employment, new orders, supplier deliveries, and inventories, rise of 0.6 points is due up to 50.9 points from the last month. And on the Flash Services PMI rise up to 50.2 points is due from 49.8 points

Later in Europe, German Final Gross Domestic Product (GDP), 0.7% is likely to remain with no change from the last quarter.

For more on the Euro, read the  Euro to dollar 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