Forex Daily Outlook January 4 2012

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Factory Orders in the US and Construction PMI in the UK are the main events today.  Here is an outlook on the market-movers awaiting us

In the US, Factory Orders, production leading indicator to value the new manufacturers’ orders over the past month, rise is expected from -0.4% up to 1.9%

More in the US, Total Vehicle Sales, monthly measurement of the cars and trucks sold, is due to reduce by 0.1M down to 13.5M similar to the last time.

In Europe, Consumer Price Index (CPI) Flash Estimate, monthly measurement to value the goods and services consumers price, decrease is expected from 3.0% on December down to 2.8% now

More in Europe, French Consumer Spending, leading indicator to show the value of all consumers’ expenditures goods, rise of 0.3% from the last month is predicted.

Finally in Europe, Final Services Purchasing Managers’ Index (PMI); 48.3 is predicted with no change from December survey.

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

In Great Britain, Construction Purchasing Managers’ Index (PMI, Monthly Survey to rate the employment, production, prices, inventories etc., is about to reduce from 52.3 on December down to 51.8 now.

More in Great Britain, Net Lending to Individuals, shows the number of new credit that were issued to consumers over the last month, is about to reduce by 0.3B down to 1.0B this time.

Later in Great Britain, Mortgage Approvals, 53K is foreseen with no change from the previous time.

Finally in Great Britain, M4 Money Supply, rise is forecasted from -0.3% on December up to 0.1% this month.

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

In Australia, Trade Balance, value the difference in between imported and exported goods, due to rise by 0.8B up to 1.68B.

More in Australia, Australian Industry Group (AIG) Services Index, Survey to rate the business conditions, due to remain 47.7 points like on the last month survey.

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

In Japan, Monetary Base, valu the quantity change in the current account deposits in the Bank of Japan (BOJ), rise of 0.8% up to 20.3% is expected this month.

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

That’s it for today.

Happy forex trading!

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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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