Forex Daily Outlook August 30 2013

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We end this week with GDP in Canada and Personal Spending in the US as the major events of the day. Here is an outlook on the market-movers awaiting us.

In the US, Personal Spending, value all consumers’ expenditures; reduce of 0.2% down to 0.3% now is likely. While no change is due on the Personal Income and 0.3% is predicted this time.

Later in the US,  James Bullard, Federal Reserve Bank of St. Louis President is due to speak in Memphis.

More in the US, Revised University of Michigan (UoM) Consumer Sentiment, monthly Financial Conditions Survey, rise up to 81.2 points are expected now from 80 points on July. While on the Revised UoM Inflation Expectations no change is due on the consumer’s price expectation on percentages with 3.1% similar to the last month.

Also in the US, Chicago Purchasing Managers’ Index (PMI), Monthly Business Conditions Survey to rate the employment, new orders, supplier deliveries, and inventories, rise up to 53.2 points is dew from 52.3 on July.

Finally in the US, Core PCE Price Index, the consumers price change of goods and services purchased by (not including food and energy), 0.2% is likely similar to the last month.

In Canada, Gross Domestic Product (GDP), broadest indicator of economic activity, to value all goods and services produced by the economy, reduce down to -0.4% is forecasted now from 0.2% on July.

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

In Europe, Unemployment Rat, value by percentage the unemployed and actively seeking employment, no change from the last month with 12.1%.

Later in Europe, Consumer Price Index (CPI) Flash Estimate, the consumer’s price change for goods and services, reduce down to 1.4% is predicted on this month from 1.6% on the previous one.

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

In Great Britain, Net Lending to Individuals, value the new credit that was issued to consumers on the last month, 1.7B is due now from 1.5B on July.

Later in Great Britain, M4 Money Supply is due with 0.4% this month from 0.1% on the last time.

Finally in Great Britain, Mortgage Approvals is likely this time with 59K, rise of 1K from July.

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

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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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