Forex Daily Outlook September 6 2013

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We end this week with Unemployment Rate in the US and Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.

Group of Twenty (G20) Meetings (Day 2), attended by finance ministers and central bankers from 20 industrialized nations including the G7 nations with formal statement.

In the US, Non-Farm Employment Change, the employed people on the previous month (not including the farming industry), rise from 167K on August up to 181K now is due.

Later in the US, Unemployment Rate, value by percentage unemployed that are actively seeking employment, 7.4% is likely with no change from the previous month.

More in the US, Average Hourly Earnings calculates the price change of businesses payment for labor (apart from the farming industry), rise up to 0.2% is due now from -0.1% on August.

Also in the US, Esther George, Federal Reserve Bank of Kansas City President, is likely to speak in Omaha.

Finally in the US, Charles Evans, Federal Reserve Bank of Chicago President is due to speak in Greenville.

In Canada, Employment Change, number of employed people during the previous month, rise up from -39.4K on August up to 30.2K is due now.

Later in Canada, Unemployment Rate, shows by percentage the unemployed that are actively looking for employment, 7.2% is likely with no change from the last time.

More in Canada, Ivey Purchasing Managers’ Index (PMI), Monthly Business Conditions Survey to rate the employment, production, new orders, prices, supplier deliveries, and inventories, rise is due from 48.4 on August up to 55.1 points now.

Finally in Canada, Labor Productivity, shows the labor efficiency when producing goods and services, 0.3% is expected now from 0.2 on August.

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

In Europe, German Industrial Production, value all the manufacturers, mines, and utilities, -0.3% is due now from 2.4% on the last month.

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

In Great Britain, Manufacturing Production, manufacturers output, 0.4% is forecasted this month from 1.9% on August.

Later in Great Britain, Trade Balance, the difference between imported and exported goods; -8.2B is predicted now from -8.1B on the reported month.

Finally in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate, the estimated value of all goods and services produced by the economy on the past 3 months, 0.7% is likely now.

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

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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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