Forex Daily Outlook – September 6 2010

We start the week with some interesting updates on ANZ Job Advertisements in Australia, ECB President Jean-Claude Trichet specks in Europe and more. Let’s see what’s awaiting us today

In Europe, President of the European Central Bank Jean-Claude Trichet speaks at the National Bank of Romania Gala Concert, in Bucharest. The Euro may be affected and info provided on future monetary policy.

Also in  Europe, Sentix Investor Confidence index released monthly, based on a survey of about 2,800 investors expected to rise above July’s 8.2 points reaching 8.7 points. As a leading indicator of economic health it is a promising sign for the Euro-Zone economy.

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

In Great Britain, BRC Retail Sales Monitor measuring the change in the value of same-store sales at the retail level released monthly showed 0.5% increase in July. A similar rise is expected now.

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

In Australia, ANZ Job Advertisements measuring the change in the number of jobs advertised in the major daily newspapers and websites covering the capital cities showed another rise in July which is 36% above the same month last year it rose 1.3% in July after the upwardly revised 2.8% rise in June. Another rise is expected now.

More in Australia, MI Inflation Gauge measuring the change in the price of goods and services purchased by consumers, released monthly rose 0.1% in July after 0.3% in June a similar rise is expected now.

Finally in Australia, AIG Construction Index measuring the level of a diffusion index based on surveyed construction companies reached 43.3 points in July 3.1 less than in June. A small rise is expected now.

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

That’s it for today. Happy forex trading!

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