Forex Daily Outlook June 8 2012

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We end this week with Trade Balance in the US and PPI Input  in the UK as the major events of the day. Here is an outlook on the market-movers awaiting us.

In the US, Trade Balance, value the difference between imported and exported services and goods, rise is likely from -51.8B on May to -49.3B now.

Later in the US, Wholesale Inventories, signal of future business spending and rise of 0.2% is estimated from the last month up to 0.5%.

In Canada, Employment Change, Value the employed people on the last month, 58.2K is likely to remain similar to the previous month.

Also in Canada, Unemployment Rate, Monthly measurement to value in percentage all the unemployed work force that is looking for work, no change is estimated from May and 73% is due to remain

Moreover in Canada, Trade Balance, Measures the difference between imported and exported goods, about to remain 0.4b similar to the last monthly report.

Later on in Canada, Housing Starts, Measures the new residential structures that began building on the past month; about to reduce from 245K on May down to 249K this time.

Finally in Canada, Labor Productivity shows the efficiency of goods and services production, no change is likely from 0.7% on the last quarter.

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

In Europe, German Trade Balance, monthly measurement to value the difference between imported and exported goods, reduce from 13.7B is likely down to 13.1B, while on the French Trade Balance rise from -5.7B on May up to -5.6B is forecasted.

Later in Europe, French Gov Budget Balance, is about to remain -29.4B like on May.

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

In Great Britain, Producer Price Index (PPI), the manufacturer’s price change of goods and raw materials is likely to rise from -1.5% on the last month to -1.2%. While on the PPI Output reduce is predicted down to 0.2% from 0.7% on May.

Later in Great Britain, Consumer Inflation Expectation, no change is estimate from the last quarter and 3.5% is due to remain.

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

In Australia, Trade Balance, the monthly value between exported goods and services and imported, is about to rise up to -0.92B now from -1.59B on May.

Later in Australia, Home Loans, shows the demand in the housing market and value the new owner-occupied homes loans that were granted on the last month, reduce of 0.2% from May down to 0.1% now is likely.

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

In Japan, Economy Watchers Sentiment, Monthly Survey to rate the current financial conditions, rise is forecasted up to 51.2 points now from 50.9 points on May.

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

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

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About Author

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

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