CB Consumer Confidence in the US and Current Account in the UK are the main events lined up. Let’s see what awaits us today.
In the US, The Conference Board (CB) Consumer Confidence, Monthly Survey (around 5,000 homes) to rate the present and upcoming financial conditions and overall economic conditions, rise up to 46.2 points is expected from 45.4 points on September.
Later in the US, Standard & Poor’s (S&P) Case- Shiller (CS) Composite-20 House Price Index (HPI);
More in the US, monthly housing industry’s indicator to value the selling prices of households in 20 metropolitan arrears, due to rise from -4.1% on September up to -3.6% now.
In Canada, Bank of Canada (BOC) Rate Statement, BOC main tool to communicate with investors regarding economic policy. Discuss the decisions on interest rates, economic conditions and financial outlook.
More in Canada, Overnight Rate, value 8 times per year the key financial institutions interest rate for loans and funds, 1% is expected to remain like on the previous times.
Finally in Canada, Retail Sales, consumer spending major gauge, rise from -0.6% on September up to 0.5% this time is anticipated, while on the Core Retail Sales (without automobiles) 0.4% is expected this time.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, GfK German Consumer Climate, composite index that about to by 0.1 points down to 5.1 points this time.
More in Europe, Belgium NBB Business Climate, builders, services and trade-related companies monthly survey, is about to remain -9.4 points like on the previous time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Mervyn King, Bank of England (BOE) Governor is due to lecture in London.
More in Great Britain, Charles Bean Bank of England (BOE) Deputy Governor is due to speak in Geneva.
Later in Great Britain, Current Account, monthly value to measure between goods that were imported and exported, expects to further reduce from -9.4B down to -9.9B.
Finally in Britain, British Bankers’ Association (BBA) Mortgage Approvals, value the approved new mortgages for household purchase by BBA banks over the passing month, 36.3K is predicted from 35.2K last time.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, UBS Consumption Indicator, index based on 5 consumer indicators; is about to remain 0.79 points like on September.
Read more about the Swiss franc in the USD/CHF forecast.
Trade well