Forex Daily Outlook June 6 2013

Unemployment Claims in the US and Asset Purchase Facility in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly indicator to value the individuals who filed for the first time for unemployment insurance, 345K is likely similar to the last time.

In Canada, Stephen Poloz, Bank of Canada (BOC) Governor, is about to speak in Ottawa.

Later in Canada,  Ivey Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, supplier deliveries and inventories, 52.2 points is due now from 55.3 points on the last time.

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

In Europe, German Factory Orders, important indicator to value all the manufacturer`s new purchase orders -1.0% is forecasted now from 2.2% on May.

Later in Europe, European Central Bank (ECB) Press Conference, primary method to communicate with investors regarding monetary policy. While on the Minimum Bid Rate 0.50% is likely with no change from the previous reports.

Finally in Europe, German Trade Balance, value the difference between imported and exported goods, 16.5B is due now from 17.6B on May.

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

In Great Britain, Asset Purchase Facility, the Total value of money the Bank of England (BOE) is likely to create and use for purchasing open market assets, 375B is due with no change from the last report.

Later in Great Britain Monetary Policy Committee (MPC) Rate Statement, MPC primary tool uses to communicate with investors on monetary policy and discusses the economic outlook of future votes. While on the Official Bank Rate 0.50% is due with no change from the last time.

Finally in Great Britain, Halifax House Price Index (HPI), value the price change of homes that were financed by Halifax Bank of Scotland (HBOS), rise up to 0.2% is due now from 1.1% on May.

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

In Switzerland, Consumer Price Index (CPI), measures the consumer`s price change of goods and services, rise up to 0.1% is calculated this month.

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