Forex Daily Outlook June 4 2012
Daily Look

Forex Daily Outlook June 4 2012

We began the week with Factory Orders in the US as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Factory Orders, the manufacturer’s total value of new purchase orders that were placed over the last month, about to drop down from 1.9% to 0.3%.

In Europe, Sentix Investor Confidence, Survey to value the Eurozone 6-month monetary outlook, about to further reduces from -24.5 points down to -28.7 points.

More in Europe, Producer Price Index (PPI); the producers price change for finished goods and services, due to reduce from 0.5% on May down to 0.3% now.

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

In Australia, Australian Industry Group (AIG) Services Index, Monthly Survey to measure the business conditions such as production, prices, supplier deliveries and so on, 39.6 points are expected similar to the last report.

Later in Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, measure the major daily newspapers and websites jobs advertisement, no change is likely from May and -3.1% is due to remain.

More in Australia, Company Operating Profits, Monthly Survey to rate the Eurozone 6-month financial outlook, rise is forecasted from -6.5% on May up to -2.2% this month.

Finally In Australia, Melbourne Institute (MI) Inflation Gauge, is about to remain similar to the last month report 0.3%.

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

In Japan, Monetary Base, Value the total quantity change of domestic currency in the Bank of Japan (BOJ) deposits circulation and current account, rise is predicted rom -0.3% on May up to 0.2% now.

Read more about the yen in the USD/JPY forecast.

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

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