CPI in the UK and ZEW Economic Sentiment in Europe are the main events lined up. Let’s see what awaits us today.
In the US, Empire State Manufacturing Index, monthly survey to value the general business conditions, rise is predicted from 9.5 points on December up to 10.7 now.
In Canada, Bank of Canada (BOC) Rate Statement that is scheduled 8 times per year and is the main Bank of Canada (BOC) tool used to communicate with investors regarding monetary policy & financial conditions that influence on the interest rates.
Later in Canada, Overnight Rate, Interest rate that is used in key monetary institutions for borrowing and lending, no change is expected and 1.00% is due to remain like on the previous reports.
Finally in Canada, Foreign Securities Purchases, all the foreigners purchasing of domestic frameworks, bonds, and money-market possessions on the last month, rise is forecasted from 2.03B up to 6.97B this month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Monthly Survey to value the financial outlook for the past 6 months, due to rise from -54.1 point to -48.7 points and in Germany a similar rise is expected from -53.8 points to -49.5.
Later in Europe, Consumer Price Index (CPI), value the consumer’s goods and services price change on the past month, due to remain 2.8% like the last monthly report. And also in the Core CPI (not including, energy, food, tobacco & alcohol) no change is expected and 1.6% is due to remain,
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Consumer Price Index (CPI); value the consumer’s goods and services price change on the last month, is about to drop down by 0.6% to 4.2%, while ton the Core CPI (not including, energy, food, tobacco & alcohol) reduce of 0.2% is predicted to 3.0%. And on the Retail Price Index (RPI) that measures the goods and services only for consumption is due to drop down by 0.5% to 4.7% this time.
More in Great Britain, Mervyn King, Bank of England (BOE) Governor is due to speak in London.
Later in Great Britain, Department for Communities and Local Government (DCLG) House Price Index (HPI), is predicted to rise up to 0.2% from December.
Finally in Great Britain, The Conference Board (CB) Leading Index is expected to remain -0.4% similar to December.
Read more about the Pound in the GBP/USD forecast.
In Australia, Westpac Consumer Sentiment, Monthly Consumer’s Survey to rate the historical and forthcoming financial conditions, no change from the last report is expected and -8.3% is about to remain.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI); value the homes selling change, expects to remain 1.1% similar to December.
For more about the kiwi, see the NZD/USD forecast.
That’s it for today.
Happy forex trading!
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