Forex Daily Outlook March 9 2012

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We summarize this week Unemployment Rate in the US and Manufacturing Production in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, Unemployment Rate, measures in percentage the total work of unemployed that are actively seeking for jobs on the past month, 8.3% is predicted with no change from the last report.

More in the US, Non-Farm Employment Change, consumer spending important indicator to estimate the employed people on the previous month (without the farming industry), reduce of 26 is anticipated from February down to 208K now.

Later in the US, Trade Balance, value the difference in between imported and exported goods and services, no change from February is likely  and -48.8K id due to remain.

Finally in the US, Average Hourly Earnings

Change in the price businesses pay for labor, excluding the farming industry, consumer inflation important indicator to value the businesses’ price change for labor (apart from the farming industry), 0.2% is predicted with no change from the last month report.

In Canada, Employment Change, consumer spending monthly leading indicator to rate the number of employed people, rise from 2.3K on February up to 13.9K is likely now.

More in Canada, Unemployment Rate, that is monthly measurement of the total work force of unemployed that are looking for jobs over the last month by percentage, no change is predicted from February and 7.6% is due to remain.

Later in Canada, Trade Balance, value the difference between exported and imported goods, reduce of 0.7B is likely from the last month down to 2.0B,

Finally in Canada, Labor Productivity, quarterly valuations for the labor efficiency change when producing goods and services, rise of 0.3% is estimated this time up to 0.7%.

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

In Europe, French Industrial Production, Monthly measurement to rate the manufacturers, mines, and utilities output produced. Rise is likely from -1.4% on February up to 0.6% now.

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

In Great Britain, Producer Price Index (PPI), Input, consumer inflation indicator to rate the manufacturer’s price change of goods and raw materials, rise of 0.2% is forecasted from February up to 0.7%.

More in Great Britain, Manufacturing Production, the manufacturer’s output over the last month, is due to reduce from 1.0% on February down to 0.4% on this report.

Later in Great Britain, Consumer Inflation Expectations, consumers expected goods and services price change by percentage for the next 12 months, is due to remain 4.1%.

Finally in Great Britain, National Institute of Economic and Social Research (NIESR), Gross Domestic Product (GDP), the estimated change in all goods and services that are produced by the economy over the last 3  months,  is about to stay -0.2%.

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

In Australia, Trade Balance, in value the difference between exported and imported goods and services, rise from1.71B on the last month report up to 1.53B now is forecasted.

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

That’s it for today.

Happy forex trading!

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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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