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Forex Daily Outlook July 4 2012

Services PMI in the UK and Retail Sales in Australia are the main events today.   Here is an outlook on the market-movers awaiting us

In Europe, Final Services Purchasing Managers’ Index (PMI); Monthly Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories; 46.8 points are due to remain similar to June’s survey.

Later in Europe, Retail Sales shows the total value of the sales at the retail level; rise form -1.0% on June up to 0.2% now is likely.

Finally in Europe Final Gross Domestic Product (GDP), the largest economy production report to measures all goods and services, no change from the last quarter is likely.

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

In Great Britain, Services Purchasing Managers’ Index (PMI); leasing Monthly Survey to value the   level of business conditions like production, prices and inventories, 53.3 points are due reduce of 0.3 points from June.

Later in Great Britain Housing Equity Withdrawal, is due to rise from -8.5B on the last quarter to -7.9B now.

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

In Australia, Retail Sales, value the Change of all sales at the retail level, rise is likely from -0.2% on June up to 0.3% this time.

For more on the Aussie, read the  AUD/USD 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