CPI in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Consumer Price Index (CPI), the consumer’s price change for goods and services0.2% is likely similar to the last time and on the Core CPI (not including food and energy) 0.2% is forecasted with no change from July.
Later in the US, Empire State Manufacturing Index, Monthly manufacturer’s Survey is due to value the level of general business conditions in New York State, reduce is likely from 7.4 points on July down to 6.7 points.
Also in the US, Treasury International Capital (TIC) Long-Term Purchases, value the difference between the long-term securities purchased by foreign and US citizens, is about to rise up from 55.0B on July to 63.5B now.
More in the US, Capacity Utilization Rate, value the manufacturers, mines, and utilities available resources that are being utilized by percentage. 79.3% is due from 78.9% on the last. And the Industrial Production is likely to rise up to 0.5% now from 0.4% on July.
Finally in the US, Crude Oil Inventories, weekly report to measure the number of crude oil barrels that are held in inventory by commercial firms, -3.7M is predicted now.
In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the Bank of England (BOE) MPC’s most recent meeting, that providing insights regarding the financial conditions and the interest rates.
Later in Great Britain, Claimant Count Change, the people that are claiming unemployment benefits on the previous month, rise up to 6.3K is likely from 6.1K on July.
Also in Great Britain, Unemployment Rate, measures by percentage the unemployed that are seeking employment on the last 3 months, is estimated to remain 8.1% similar to July.
Finally in Great Britain, Average Earnings Index, is about to rise up to 1.8% now from 1.5% on July.
Read more about the Pound in the GBP/USD forecast.
In Australia, Westpac Consumer Sentiment, Monthly consumers Survey to value the financial conditions such as employment, and climate for major purchases, 3.7% is likely with no change from the last month.
Also in Australia, Wage Price Index, leading indicator of consumer inflation, that value the price that businesses and government pay for labor (now including bonuses), 0.9% is likely, similar to the last quarter.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Business NZ Manufacturing Index, 50.2 points are expected now likle on July.
For more about the kiwi, see the NZD/USD forecast.
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