Forex Daily Outlook August 10 2012
Daily Look

Forex Daily Outlook August 10 2012

We end this week with Employment Change and Unemployment Rate in Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.

In the US, Import Prices, price change of domestically imported goods and services, rise from -2.7% on July up to 0.1% is calculated.

Later in the US, Federal Budget Balance, shows the difference between federal government’s incomes and spending, is due to further decrease from-59.7B on the last month down to -103.0B this time.

In Canada, Employment Change, value the monthly number of employed people, rise of 2.9K is predicted from July up to 10.2K.

Also in Canada, Unemployment Rate, measures by percentage all the unemployed that are seeking for jobs over the last month, rise of 0.1% is due up to 7.3%.

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

In Europe, German Final Consumer Price Index (CPI), value the price change of consumer’s goods and services, no change is likely and 0.4% is estimate.

More in Europe, French Industrial Production, value the manufacturers, mines, and utilities output production, rise from -1.9% on July up to 0.4% is calculated.

Finally in Europe, French Gov Budget Balance value the difference between the central government’s income and spending, no change is calculated and -69.6B is due to remain.

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

In Great Britain, Producer Price Index (PPI) Input, measurs the price change of manufacturers goods and raw materials, due to rise from -2.2% on July up to 1.3% now.

More in Great Britain, Producer Price Index (PPI) Output, the manufacturer’s price change of sold goods. Rise of 0.5% is forecasted up to 0.1% now.

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

In Australia, AUD, Reserve Bank of Australia (RBA Monetary Policy Statement, shows the bank’s view into the economic conditions and inflation the interest rate decisions.

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

In Japan, Revised Industrial Production, 0.1% is predicted with no change form the last month.

Later in Japan, Bank of Japan (BOJ) Monthly Report the BOJ Policy Board statistical data when making the latest interest rate decision, and show the detailed analysis for the bank’s viewpoint of economic conditions.

Read more about the yen in the USD/JPY 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