Forex Daily Outlook – July 8 2011

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Unemployment Rate in the US and PPI Input in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Unemployment Rate, measurement to value the unemployed work force in percentage that is  all work force that is Percentage of the total work force that is unemployed and actively looking for jobs on the passing month, is about to remain 9.1% similar to the previous month.

Later in the US, Non-Farm Employment Change, monthly report to measure the number of employed people without the agricultural industry, a rise is expected from 54K on June to 88K this time.

More in the US, Average Hourly Earnings, to measure the labor price excluding the agricultural industry, a reduction is expected from 0.3% on June to 0.2% this month.

Also in the US, Wholesale Inventories, monthly report to value the inventory of goods, is about to reduce from 0.8% on June to 0.6% this month.

Finally in the US, Consumer Credit is about to reach 5.1 billion.

In Canada, Employment Change measuring the number of employed working people on the last month, about to reduce to 13.8k this month from 22.3K on the previous month.

More in Canada, Unemployment Rate measuring by percentage people that are  of the total work force that is unemployed and actively jobs on the passing month, is about to remain 7.4% similar to the previous month.

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

In Europe, German Trade Balance, is about to reach 12.8B

More in Europe, French Gov Budget Balance is about to remain -61.4 billion, like on the previous month.

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

In Great Britain, PPI Input monthly report to value the production of manufactures in goods and raw materials is due to rise from -2% on June to 0.1%. Meanwhile on the PPI Output 0.1% is expected this time.

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

In Switzerland, Unemployment Rate is expected to remain 3%.

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

In Australia, Dr. Guy Debelle, Reserve Bank of Australia (RBA) Assistant Governor is about to deliver a speech in Adelaide.

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

In Japan, Economy Watchers Sentiment is about to rise to 40.1 points.

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

For more events later in the week, check out the Live Forex Calendar

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About Author

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

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