Forex Daily Outlook September 6 2012

Unemployment Claims in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly report to value the number of individuals who filed for unemployment for the first time, 369K is calculated now from 374Bo on August.

More in the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, prices and inventories;52.6 points are due similar to the last month.

Also in the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, in the number of employed people (without the farming industry and government), reduce is likely from 163K on August down to 141K now.

Finally in the US, Crude Oil Inventories, weekly measurement to value the  commercial firms crude oil barrels that are held in inventory, 3.8M is likely similar to the last week.

In Europe, Minimum Bid Rate is due to reduce from 0.75% on August down to 0.50% now.

Later in Europe, European Central Bank (ECB) Press Conference with ECB President and Vice President as speakers.

More in Europe, French 10-y Bond Auction, bonds that the government sold at auction.

Finally in Europe, German Factory Orders, Value the total value of new manufacturers purchase orders, rise is likely from -1.7% on August up to 0.3% now.

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

In Great Britain, Monetary Policy Committee (MPC) Rate Statement, MPC primary tools to communicate with investors on monetary policy and it discusses the economic outlook. While on the Official Bank Rate 0.50% is predicted similar to the previous months.

Later in Great Britain, Asset Purchase Facility, Total value of money that the BOE will create and use for purchasing assets in the open market, 375B is due with no change from August.

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

In Australia, Trade Balance Value the difference between imported and exported goods, -0.30B is calculated now from 0.01B on August.

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

Trade well