Forex Outlook for April 2, 2012

Forex Outlook for April 2, 2012

This is a list of the major events (News) for Monday – April 2, 2012 that will move the markets around the globe.

All times are given in GMT.

Monday – 04/02/2012

* AUD – Building Approvals m/m : at 2:30am
It’s an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect – for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.
Previous 0.9%, Forecast 0.6%

* GBP – Halifax HPI m/m : 2nd-7th
It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity.
Previous -0.5%, Forecast -0.3%

* CHF – Retail Sales y/y : at 8:15am
It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Previous 4.4%, Forecast 3.2%

* GBP – Manufacturing PMI : at 9:30am
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
Previous 51.2, Forecast 50.5

* USD – ISM Manufacturing PMI : at 3:00pm
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
Previous 52.4, Forecast 53.3