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Forex Daily Outlook – September 2 2011

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

In the US, Unemployment Rate, value by Percentage the all seeking employment work force, 9.1% is forecasted with not change from the last month.

Later in the US, Non-Farm Employment Change, measuring the number of employed people, reduce of 27K from the last month, 90 is predicted.

Finally in the US, Average Hourly Earnings is due to reduce from 0.4% on July to 0.2% this month.

In Great Britain, Construction Purchasing Managers’ Index (PMI), Survey (170 managers) to measure the business conditions change on the last month, 53.1% is forecasted that is similar to the previous time.

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

In Switzerland, Employment Level, Number of employed people is due to remain 4.11M similar to the last month.

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

In Australia, Private Capital Expenditure, quarterly measurement that is about to rise to 4.1% from 3.4% on the last report.

Later in Australia, Retail Sales is about to remain 0.3% similar to the last report.

Also in Australia, Commodity Prices due to remain 27.6%.

In Japan, Capital Spending is about to remain 1.1% like on the last month.

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

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

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