Forex Daily Outlook July 6 2012
Daily Look

Forex Daily Outlook July 6 2012

We end this week with Non-Farm Employment Change in the US is the major event of the day. Here is an outlook on the market-movers awaiting us.

In the US, Non-Farm Employment Change, value the employed on the last month (not including the farming industry), rise Unemployment Rate is likely from 69K on June up to 92K now.

Later in the US, Unemployment Rate, monthly report to measure the total work force by percentage that is unemployed and actively looking for jobs, no change is expected from the last time and 8.2% is likely to remain.

Finally in theUS, Average Hourly Earnings, estimate the price change that businesses pay for labor (without the farming industry), rise of 0.1% is predicted up to 0/2% now.

In Canada, Building Permits, measures all the new building permits that were issued over the past month, decreases is likely down from -5.2% on June to -0.7% now.

More inCanada, Employment Change, monthly measure to value the employed people, is due to reduce from 7.7K on June down to 5.2K this time. Meanwhile the Unemployment Rate is due to remain similar to the last time 7.3%.

Finally in Canada, Ivey Purchasing Managers’ Index (PMI); Survey to rate the business conditions plus employment, new orders, supplier deliveries and inventories, is about to drop down from 60.5 on June to 55.1 on this month.

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

In on in Europe, German Industrial Production, the value of manufacturers, mines, and utilities output production, due to rise up from -2.2% on June up to 0.3%.

Later inEurope, French Gov Budget Balance, no change is likely from the last month and -59.9B is about to remain.

Finally in Europe, French Trade Balance, the difference between imported and exported goods, is due to reduce from -5.8B down to -5.4B now.

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

In Great Britain, Producer Price Index (PPI) Input, the manufacturer’s price change for goods and raw materials, about to rise from -2.5% to -2.1%, while on the PPI Output -0.2% is expected with no change from the last report.

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

In Switzerland, Foreign Currency Reserves, Total value of foreign currency reserves that are held by the Swiss National Bank (SNB); 303.8B similar to the previous month.

Later in Switzerland, Consumer Price Index (CPI); value the consumer’s price change for goods and services, is about to drop down to -0.3%.

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

In Japan, Leading Indicators is about to reduce by 0.3% to 95.3%,

Read more about the yen in the USD/JPY 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