Thursday, June 30, 2011

Forex Daily Outlook – June 30 2011


Unemployment Claims within the US and Nationwide HPI within the UK are the principal market-movers. Let see what awaits ourselves today.


In the US, Unemployment Claims, weekly measurement towards inform the number of Americans filing novel Unemployment Claims and importance the overall role market mood, approximately towards dampen via 5K from 429K last week towards 424K onto the arriving week.

Later within the US, Chicago Purchasing Managers Index (PMI), Monthly measurement of corporation moods of shopping executives from Illinois, Indiana and Michigan. An morning index of ISM, low dampen from 56.6 points onto May towards 54.1 points is expected and still indicated growth.

Finally within the US, Natural Gas Storage, weekly measurement of natural gas inventory, allowance of cubic feet stocked underground, is due towards remain 98 billion, allied towards the previous week.

In Canada, Gross Domestic Product (GDP), meaningful measurement towards importance everybody facilities and commodities manufactured via the economy, is approximately towards slouch down from 0.3% onto May towards -0.1% this time.

For many onto USD/CAD, read the Canadian dollar forecast.

In Europe, Jean-Claude Trichet President of the European Central Bank, is approximately towards supply a speech within Brussels.

More within Europe, German Retail Sales monthly inform and principal index of consumer spending without cars and gas stations, is approximately towards escalate from 0.3% onto May towards 0.7 this month.

Also in Europe, German Unemployment Change, monthly inform towards importance the allowance of jobless again the last month within Germany, perpetuate towards dampen from -8K onto May towards -17K this time.

Later within Europe, Consumer Price Index (CPI) Flash Estimate, inform that release monthly towards quantity the price of facilities and commodities bought via costumers, a escalate of 0.1% is predicted from 2.7% onto May towards 2.8% this time.

Later onto within Europe, French Consumer Spending, inform towards importance the likelihood within commodities price again the ratifying month, a escalate is expected from -1.6% onto May towards 1%.

Moreover within Europe, M3 Money Supply, monthly measurement towards importance the allowance of domestic cash and Bank flow, escalate towards 2.2% is expected

Finally within Europe, Private Loans, inform towards importance the novel Change within the gross importance of novel confidential loans geared towards clients and industries again the ratifying month, reduction towards 2.8% is expected.

For many onto the Euro, read the Euro towards dollar forecast.

In Great Britain, Nationwide House Price Index (HPI), monthly inform towards importance the hoses with mortgages marketing price that are backed via Nationwide, is expected towards descent from 0.3% onto May towards 0.1% this time.

More In Great Britain, Bank of England (BOE) Credit Conditions Survey towards importance the grade of credit moods again the previous and next three months.

Read many approximately the Pound within the GBP/USD forecast.

In Australia, Private Sector Credit, monthly inform towards quantity the importance of novel credit geared towards clients and industries, a escalate towards 0.4% is expected this month.

More within Australia, AIG Manufacturing Index, monthly poll of 200 manufactures towards importance the comparative grade of corporation moods, is approximately towards remain 47.7 points, that is allied towards the previous month.

For many onto the Aussie, read the AUD/USD forecast.

In New Zealand, NBNZ Business Confidence, leading poll of 1,500 corporations towards quantity the Level of a diffusion index, 38.3% is already expected allied towards the previous survey.

For many approximately the kiwi, see the NZD/USD forecast.

In Japan, Tankan Manufacturing Index, leading poll of 1,200 manufacturers towards importance the grade of general ad moods, is approximately towards dampen towards -7 points this moment from six points onto May. And the Tankan Non-Manufacturing Index is approximately towards dampen as well towards -3 points from three points onto May.

More within Japan, Household Spending, monthly inform quantity the distort importance expenses inflation of consumers, a escalate is expected from -3% last month towards -1.7% this month.

Finally within Japan, Tokyo Core Consumer Price Index (CPI), inform freed monthly towards importance the price of facilities and commodities Change within the price of commodities and facilities bought via clients within Tokyo, whiteout recent food, a escalate towards 2% from 1% onto the last inform is expected. Meanwhile the National Core CPI is expected towards descent towards 0.5%.

Read many approximately the yen within the USD/JPY forecast.