Weekly Outlook for Forex

Yesterday in euro zone official data on unemployment rate was published while United Kingdom reported its data on country’s manufacturing activity. In United States, Institute of Supply Management reported manufacturing activity index which fell to 50.9 against analysts’ projections of 55.

On Tuesday August 2nd, 2011, United States reported its official data on personal consumption expenditures and personal spending. In euro zone, Switzerland published its data on retail sales and manufacturing activity, while United Kingdom released its data on construction activity.

New Zealand also reported the its official data on labor costs while in Australia, official data on building approvals was released along with data on house price inflation and commodity prices. Moreover, Reserve Bank of Australia also released its benchmark interest rate today. In Japan, official data on average cash earnings was reported.

On Wednesday August 3rd, 2011, United States will publish its data on non-farm payrolls, factory orders and oil inventories. Moreover, report on service sector growth will also be released by US Institute of Supply Management. In United Kingdom, official data on service sector activity will be published while in euro zone, official data on retail sales will be reported.

Official data on retail sales will be published in Australia along with data on country’s trade balance.

On Thursday August 4th, 2011, German will report its data on factory orders while European Central Bank will release its benchmark interest rate. In United Kingdom, Bank of England will also announce its benchmark interest rate while United States will report its initial jobless claims.

On Friday August 5th, 2011, United States will report several reports including data non-farm payrolls, average hourly earnings and unemployment rate. In Canada, official unemployment rate and data on building permits. In euro zone, Germany will report its official data on industrial production while in United Kingdom official report on producer price inflation.

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