US Building Permits and the Euro-Zone German ZEW Economic Sentiment are the most important events today. Here are the main events lined up.
In the US, Building Permits, excellent indicator for the upcoming construction activity, measures monthly permits issued for the new residential houses, stabilize on 0.60M. Meanwhile on the Housing Starts (new housing that began building) a small reduce is expected from 0.60M on August to 0.59M.
In Canada, Mark Carney, Bank of Canada (BOC) Governor, is due to deliver a speech inSaint John.
More in Canada, Wholesale Sales, important indicator of buyer spending, is about to rise from 0.2% on August to 0.6% this month.
Finally in Canada, Leading Index, based on 10 monetary indicators, and is expected to remain similar to the last index on August.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW), monthly survey to value the relative 6-month financial view for the Eurozon, further reduces is expected from -40.0 points on the last month to -42.3. Also in the German ZEW Economic Sentiment droop down is expected from -37.6 points to -43.9 points.
More in Europe, German Producer Price Index (PPI) reduce from 0.7% to 0.2% is predictable this month.
For more on the Euro, read the Euro to dollar forecast.
In Switzerland, SECO Economic Forecasts is released by a group of specialists consulting the Swiss government on major GDP indicators. The previous release was in June 14.
More in Switzerland, Trade Balance surplus has grown to 2.83B in July following 1.77B in the previous month. Surplus is expected to narrow to 1.97B.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Monetary Policy Meeting Minutes is the RBA’s notes from their recent rate decision meeting held two weeks ago. This notes contain valuable information upon which the rate decision was taken.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Current Account, NZ narrowed its current account deficit in the first quarter to -0.10B from -3.63B in the preceding quarter. A small increase of deficit to -0.69B is predicted.
More in New Zealand, Visitor Arrivals, An increase of 2.0% in the number of short term visitors occurred in July following 4.4% decrease in the previous month. Another rise is expected now.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Trade Balance. Trade balance deficit in July decreased to 0.13T from 0.20T in the previous month. A further decrease to -0.01T is expected now.
Read more about the yen in the USD/JPY forecast.
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