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Forex Daily Outlook October 1 2013

ISM Manufacturing PMI in the US and Manufacturing PMI in the UK are the main events lined up.  Let’s see what awaits us today.

In the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), Monthly Business Conditions Survey to rate the employment, new orders, prices, and inventories, 55.3 points are due now from 55.7 points on September. On the Final Manufacturing PMI 52.8 points are calculated with no change from the previous time. And on the ISM Manufacturing Prices rise up to 55.2 points from 54 points on September is predicted.

Later in the US, Total Vehicle Sales, 16.1M are forecasted now similar to September.

Finally in the US, Construction spending, reduce of 0.1% is likely down to 0.5% now.

In Canada, Tiff Macklem, Bank of Canada (BOC) Senior Deputy Governor is about to speak in Toronto.

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

In Europe, Unemployment Rate, the total of the total unemployed that are and actively seeking employment measured by percentage, 12.1% is expected now similar to the previous month.

Later in Europe, Spanish Unemployment Change, value the number of unemployed over the previous month, rise up to 12.3K is due now.

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

In Great Britain, Manufacturing Purchasing Managers’ Index (PMI), Survey to measure the business conditions like production, prices, and inventories, rise up to 57.5 points is calculated now from 57.2 on September.

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

In Australia, Trade Balance, value the difference between imported and exported goods, -0.45B is likely now from -0.77B on the past report.

Later in Australia, Building Approvals, value the new building approvals that were issued, -0.7% is expected now from 10.8% on September.

Finally in Australia, Housing Industry Association (HIA) New Home Sales, the newly constructed homes sold, -4.7% is due similar to the previous report.

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

In New Zealand, Australia and New Zealand Banking Group (ANZ) Commodity Prices, 0.7% is likely now.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Monetary Base, rise up to 45.3% is calculated from 42% on September.

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