Forex Daily Outlook – September 10 2010

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Canada‘s employment change and Unemployment Rate are the main events on the last day of this trading week. Here is an outlook on today’s market-moving events.

In Canada, employment change showed an unexpected decrease of 9300 jobs in July after excellent figures in the previous months an addition of 23.9K new jobs is predicted now to help the loonie and Unemployment Rate is expected to remain 8.0%.

In the US, Wholesale Inventories measuring change in the total value of goods held in inventory by wholesalers expected 0.4% rise following 0.1% rise in July.

In Canada, employment change showed an unexpected decrease of 9300 jobs in July after excellent figures in the previous months an addition of 23.9K new jobs is predicted now to help the loonie and Unemployment Rate is expected to remain 8.0%.

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

In Europe, French Industrial Production a leading indicator of economic health released monthly, predicted to rise 0.8% following a drop of 1.8% in June

Also in Europe, Italian Industrial Production forecasted 0.4% rise which is 0.2% less than in June.

For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.

In Great Britain, Producer Price Index Input measuring Change in the price of goods and raw materials purchased by manufacturers expected 0.2% rise after three months of drops resulting in 0.1% decrease in the previous month may signal inflation trend and PPI Output is also predicted to rise by 1.0% as in July.

More in Great Britain, CB Leading Index an index designed to predict the direction of the economy reached 0.5% rise in June a similar rise is expected now.

Read more about the Pound in the GBP/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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