Forex Daily Outlook – August 31 2011

ADP Non-Farm Employment Change in the US and GDP  in Canada are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Automatic Data Processing, Inc. (ADP Non-Farm Employment Change, vale the employed people without government & farming business on the passing month, reduce of 7K is predicted to 103K.

Later in the US, Crude Oil Inventories, weekly measurement, -2.2M is predicted with no change from the last week.

More in the US, Factory Orders, main monthly measurement to value of new manufacturers’ orders, rise from -0.8% on July to 1.7% this time.

Finally in the US, Chicago PMI, Purchasing Managers’ Index (PMI), survey to rate the level of business conditions, 54.8 points are expected reduce of 0.4 points from July.

In Canada, Gross Domestic Product (GDP) primly monthly measurement for all goods and services made by the economy, rise from -0.3% to 0.2% is expected this time.

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

In Europe, Unemployment Rate, unemployed and actively seeking employment (by Percentage) on the passing month, 9.9% is expected similar to July. Meanwhile German Unemployment Change -10M is expected.

of the total work force that is during the previous month

More in Europe, Consumer Price Index (CPI) Flash Estimate, value of the consumer’s price of goods and services, 2.5% is expected like on July.

Finally in Europe, German Retail Sales, is about to reduce to -1.5% from 4.5% on July.

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

In Australia, Private Sector Credit, is about to rise from -0.1% on July to 2% this time.

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

In New Zealand, NBNZ Business Confidence, Survey (1,500 businesses) to rate the relative financial outlook on the last 12 month, 47.6 points is expected like on the last time.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Average Cash Earnings is about to rise from -0.7% on the last time to -0.4 this time.

Read more about the yen in the USD/JPY forecast.

Happy forex trading