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Forex Daily Outlook October 3 2013

In the US Unemployment Claims and Services PMI in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly indicator to value the individuals who filed for unemployment insurance for the first time, 315K is likely now from 305K on the previous report.

Later in the US,   The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI); Monthly Business Conditions Survey to rate the level of employment, new orders, supplier deliveries, and inventories, reduce down to 57.2 points from 58.6 point is forecasted now.

More in the US, Jerome Powell, Federal Reserve Governor is due to speak in St Louis.

Also in the US, Challenger Job Cuts, 56.5%, predicted with no change from the previous time.

Finally, in the US, Natural Gas Storage, rise up to 96B is due now from 87B on September.

In Europe, Retail Sales, consumer-spending primary gauge to measure the sales at the retail level, rise of 0.2% from September up to 0.3% now.

Later in Europe, German Producer Price Index (PPI), value the manufacturer’s price change of goods, rise up to 0.1% now is likely from -0.1% on the last month.

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

In Great Britain, Services Purchasing Managers’ Index (PMI), Monthly Survey to rate the level of production, prices, and inventories, 60.4 points are predicted from 60.5 points on September.

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

In Japan, Monetary Policy Statement, the BOJ primary tool the used to communicate with investors on monetary policy. In addition, projects the economic outlook of future rate decisions.

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

Trade well