Tuesday, March 6, 2012

7/3/ 2012 Daily Forex Outlook

Change in the ADP non-farm employment in the U.S. and Canada building permits is the most important events of today. Here is a picture of the engine compartment ahead of the market
 
In the U.S., Automatic Data Processing, Inc. (ADP) Change in non-agricultural employment, consumption is important for those who appreciate engaging last month (excluding state and theeconomy from agriculture) increased due 201K 170K in February.
 
To create more United States, revised non-farm productivity, the value of the change in labor productivity efficiency goods and services (excluding agriculture), an increase of 0.1% over the fourth quarter is expected.
 
Finally, crude oil inventories in the United States, measuring the number of barrels of crude oil commercial firms remaining inventories last week as expected 4.2K last week.
 
In Canada, Building Permits indicator of future construction activity outstanding view that the new building permits issued, should further reduce to 11.1% in February to -2.3%.
 
For more information on the USD / CAD, read forecasts the Canadian dollar.
 
In europe, German industrial new orders, an indicator of the monthly production of the value of the orders, are the manufacturer of the new term, increase by 1.7% to 0.6% this time.
 
For more information about the euro, forecasts of € read on a dollar.
 
In Switzerland, the foreign exchange reserves, the Swiss National Bank (SNB) The total value of foreign exchange reserves, 227.2B likely to be unchanged from last month’s report.
 
Learn more about Swiss Franc in the forecast for USD / CHF.
 
In Australia’s gross domestic product (GDP), the quarterly value of all goods and services produced by the economy, the decline at 1.0% to 0.7% this time is estimated.
 
For more information on the Australian, read the forecast AUD / USD.
 
Communicate in New Zealand, the Reserve Bank of New Zealand (RBNZ) primary tool with investors about the financial conditions, economic and future decisions under the chairmanship of the Bank of New Zealand conference. And because of the official cash remain similar to 2.5% in recent months.
 
More information about the New Zealand official cash rate, gives valuable insights into the economic conditions of the banks and their influence decisions on interest rates.
 
For more information about the Kiwi, that predictions NZD / USD.
 
In Japan, Final Gross Domestic Product (GDP) is the economic production of all goods and services, increase by $ 0.4 in the last quarter to -0.2%.
 
Learn more about the yen expected in USD / JPY.
 
That’s all for today.

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