Forex Daily Outlook September 4 2013

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Trade Balance on the US and Canada are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Trade Balance, value the monthly difference between imported and exported goods and services, -38.6B is likely now from -34.2B on the last time.

Later in the US, Beige Book used by the Federal Open Market Committee (FOMC) for the interest rates decisions.

Later on in the US, Total Vehicle Sales, 15.8B is forecasted from 15.7M on August.

Finally in the US, Challenger Job Cuts is likely to remain 2.3% with no change from the last month.

In Canada, Trade Balance, measures the difference in value between imported and exported goods, -0.4B is due now from -0.5B on August.

Later in Canada, BOC Rate Statement, Bank of Canada (BOC) primary tool that is uses to communicate with investors on monetary policy, and discusses the financial outlook. While on the Overnight Rate no change is expected and 1.00% is likely to remain.

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

In Europe, Retail Sales, rise up to 0.5% from -0.5% is predicted now.

Later in Europe, French 10-y Bond Auction, value the average yield on 10-year bonds that the government sold, compare to the bid-to-cover ratio of the auction, no change is due now and similar in the Spanish 10-y Bond Auction.

Finally in Europe, Revised Gross Domestic Product (GDP), 0.3% is expected similar to the last quarter.

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

In Great Britain, Services Purchasing Managers’ Index (PMI), Business Conditions Survey to value the employment, new orders, supplier deliveries, and inventories, reduce from 60.2 points on August to 59.8 points now is likely.

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

In Japan, Monetary Policy Statement, Bank of Japan (BOJ primary tool uses to communicate with investors regarding monetary policy, and projects the monetary outlook of future rate decisions. And it is usually followed by BOJ Press Conference.

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

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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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