Forex Daily Outlook February 5 2013


ISM Non-Manufacturing PMI in the US and Services PMI in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories, reduce is likely down to 55.2 points now from 56.1points on January.

In Europe, Retail Sales, consumer spending gauge that value the ales at the retail level, -0.5% is due now from 0.1% on the last month.

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

In Great Britain, Services Purchasing Managers’ Index (PMI), Survey of to value the business conditions like production, prices and inventories, drop of 0.1 point is likely down to 49.8 points this time.

Later in Great Britain, Halifax House Price Index (HPI), measures the price change of homes that are financed by Halifax Bank of Scotland (HBOS), -0.2% is due now from 1.3% on January.

Finally in Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, shows the value of same-store sales at the retail level, 0.3% is predicted now with no change from the last time.

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

In Switzerland, Trade Balance, value the difference between imported and exported goods over the reported month, 2.74B is due now from 2.90B on January.

Later in Switzerland, Fritz Zurbrugg, Swiss National Bank (SNB) Governing Board Member, is due to speak in Zurich.

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

In Australia, Reserve Bank of Australia (RBA) Rate Statement, tool that the RBA Reserve Bank Board uses to communicate with investors on financial policy and offers clues on the outcome of future decisions. While on the Cash Rate 3.00% is calculated similar to the previous time.

Later in Australia, Trade Balance, value between the imported and exported goods and services, -0.81B is likely now from -2.64B during the reported month.

Finally in Australia, House Price Index (HPI), shows the selling price of homes in the nation’s 8 state capitals, 0.3% is expected similar to the past quarter.

For more on the Aussie, read the AUD/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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