Forex Daily Outlook – September 5 2011


We start the week with Services PMI in the UK and more. Let’s see what awaits us today.

In Europe, Retail Sales, key gauge for consumer spending and affected the overall economic activity; about to reduce from 0.7% on August to 0.1% now.

More in Europe, Final Services Purchasing Managers’ Index (PMI), due to remain 51.5 points similar to the survey on August.

Finally in Europe, Sentix Investor Confidence, about to further reduces from -13.5 points on August survey to -17.5 points this time.

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

In Great Britain, Services Purchasing Managers’ Index (PMI), monthly survey to value the business conditions in the services industry, 54.3 points is expected this month similar to last time 55.4 points.

More in Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, due to remain 0.6% similar to August report.

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

In Australia, AIG Services Index, measurement of the business conditions of service-based companies based on a monthly survey, 48.8 points are expected similar to the previous month.

More in Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, number of jobs advertised in the Media, 0.7% is expected similar to the August report.

Later in Australia, Company Operating Profits, quarterly report to that about to rise from -1% on the last time to 3.1% now.

Finally in Australia, Melbourne Institute (MI) Inflation Gauge due to remain 0.3% like on August.

For more on the Aussie, read the AUD/USD 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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