US Unemployment claims, Ben Bernanke’s speech and US Philly Fed Manufacturing Index are the major market-movers. Let see what awaits us today. In theUS, Unemployment Claims measuring the number of Americans filing initial jobless claims dropped unexpectedly to 405,000 last week from427,000 inthe week before. This reading was below the 413,000 expected. A small increase to 408,000 is predicted now. Later in theUS, Ben Bernanke Federal Reserve Chairman is scheduled to speak inWashingtonDC. His words have great influence on the USD. Finally in theUS, Philly Fed Manufacturing Index measures businesses sentiment inPhiladelphia plunged to-7.7 inJune following 3.9 point in the previous month. An increase to 3.4 is expected now. In Europe, EU Economic Summit will consider the means of financing the second aid package toGreece. Their decision may affect the euro. More in Europe, French flash manufacturing PMI an economic conditions parameter based upon surveys of Manufacturing industries decreased by 2.4 points to52.5 inMay while again to 54.2 was predicted. A small increase to 52.6 is forecasted now. The same with the service sector dropping to 56.7 from 62.5 points in April. A small drop to 56.4 is expected. Also in Europe, German flash manufacturing PMI a gauge of economic condition in the Manufacturing industry dropped to 54.9 from57.7 inApril and is expected a further drop to 54.1 while the service sector has climbed to 58.3 from56.1 inApril but is expected to decrease to 56.1. Later inEurope, Euro-Zone Manufacturing sentiment dropped to 52.0 from54.6 inApril below expectations of 53.9 points and is predicted to plunge further to 51.6. The service sector also dived to 54.2 from56.0 inApril. Another decrease to 53.2 is forecasted now. Finally inEurope, Current Account deficit widened more than expected in the Euro-Zone reaching 5.1B in April after 3.0B deficit in the prior month/ Deficit is expected to narrow to 4.7B this time. For more on the Euro, read the Euro to dollar forecast. InGreat Britain, Public Sector Net Borrowing measuring the public sector spending and income widened its budget deficit to 15.2B from 7.7B in April however the current reading is lower than the 16.1B anticipated. A decrease of deficit to 11.7B is predicted. More inGreat Britain, Retail sales ca consumer spending indicator dropped 1.4% in May following 1.1% gain in the prior month. Analysts anticipated only a small drop of 0.5%. An increase of 0.5% is expected now. Read more about the Pound in the GBP/USD forecast. InSwitzerland, ZEW Economic Expectations measures investors’ sentiment on economic conditions plunged 12.8 points to-24.3 inJune following the Greek debt crisis. A small improvement is expected. Finally inSwitzerland, Trade Balance surplus has unexpectedly widened to 33.31B in May from 1.44 B in the previous month. A decrease to 2.87B is predicted. Read more about the Swiss franc in the USD/CHF forecast. In Australia, National Australia Bank Quarterly Business Confidence a business conditions gauge edged up to 11 points in the forst quarter of 2011 from5 in the previous quarter indicating improving economic helth. For more on the Aussie, read the AUD/USD forecast. Happy forex trading 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 Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next A potential life-raft for Greece FxPro - Forex Broker 12 years US Unemployment claims, Ben Bernanke's speech and US Philly Fed Manufacturing Index are the major market-movers. Let see what awaits us today. In theUS, Unemployment Claims measuring the number of Americans filing initial jobless claims dropped unexpectedly to 405,000 last week from427,000 inthe week before. This reading was below the 413,000 expected. A small increase to 408,000 is predicted now. Later in theUS, Ben Bernanke Federal Reserve Chairman is scheduled to speak inWashingtonDC. His words have great influence on the USD. 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