Forex Daily Outlook January 3 2012

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

In the US, Federal Open Market Committee (FOMC) Meeting Minutes, Planned 8 times per year, full record of the latest FOMC’s meeting and shows the influential financial conditions on the interest rates.

More in the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); Monthly Survey to rate the employment, new orders, prices, inventories etc., rise is predicted up to 53.3 this time from 52.7 on December. And also in the ISM Manufacturing Prices similar rise is due up to 47.7 points from 45.0 points on the last month.

Finally in the US, Construction Spending value the whole amount manufacturers spent on building projects, reduce by 0.2% is predicted from December down to 0.6%.

In Europe, German Unemployment Change, value the unemployed people during the previous month, due to rise from -20K on December up to -9K.

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

In Great Britain, Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey to rate the employment, new orders, prices, inventories, is about to reduce from  47.6 points down to 47.4 points.

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

In Switzerland, Schweizerischer Verband fur Materialwirtschaft und Einkauf (SVME) Purchasing Managers’ Index (PMI); monthly diffusion index, is due to rise up to 44.9 points.

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

In Australia, Commodity Prices, value the exported commodities selling price, is due to remain 18.1% similar to the previous month.

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

That’s it for today.

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