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Forex Daily Outlook September 3 2013

ISM Manufacturing PMI in the US Construction PMI in the UK and 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), Survey to rate the business conditions including employment, new orders, supplier deliveries, and inventories, 54.2 points are due now from 55.4 on August. While on the Final Manufacturing PMI 53.9 points are likely with no change from the last time. And on the ISM Manufacturing Prices 51.6 points are due now.

Later in the US, Construction spending, rise up to 0.3% is expected from -0.6% on August.

Finally in the US, Investor’s Business Daily (IBD) / TechnoMetrica Institute of Policy and Politics (TIPP); Economic Optimism, 46.2 points is forecasted now from 45.1 points on the last month Survey.

In Europe, Spanish Services Purchasing Managers’ Index (PMI), Survey to calculate the business conditions like production, prices, and inventories, rise up to 19.3 points is due from 48.5 on August.

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

In Great Britain, Construction Purchasing Managers’ Index (PMI), Survey to measure the business conditions like employment, prices, supplier deliveries, and inventories, 58.4 are likely now from 57 points on August.

Later in Great Britain, Halifax House Price Index (HPI), the price change of homes that were financed by Halifax Bank of Scotland (HBOS), 0.9% is due now.

More in Great Britain, British Retail Consortium (BRC) Shop Price Index, -0.5% is forecasted with no change from the last time.

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

In Australia, Gross Domestic Product (GDP), value all the change in of goods and services produced by the economy, no change is due from the last quarter and 0.6% is likely now.

Later in Australia, Australian Industry Group (AIG) Services Index, Survey to value the business conditions, 39.4 points are likely now.

For more on the Aussie, read the  AUD/USD 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