We summarize this week Advance GDP in the US and M3 Money Supply in Europe are the major events this day. Here is an outlook on the market-movers awaiting us.
World Economic Forum (WEF) Annual Meetings – Day 3, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries. Can influent market volatility.
In the US, Advance Gross Domestic Product (GDP), the broadest monetary activity measure to value the all economy goods and services production, is about to rise from 1.8% on the last quarter up to 3.1% now. Meanwhile on the Advance GDP Price Index we predicted decrease of 0.6% down to 2.0% this time.
More in the US, Revised University of Michigan (UoM) Consumer Sentiment, value the monetary conditions based on a monthly consumer’s survey, rise of 0.2 points is predicted up to 74.2 this month. While on the Revised UoM Inflation Expectations, that measures the consumers price expectation for goods and services (by Percentage) for the next 12 months, is about to remain 3.2% similar to December.
In Europe, M3 Money Supply, monthly measurement to value the quantity change of total bank deposit’s for domestic currency, about to rise up by 0.3% from December and 2.0% is estimated now.
More in Europe, Private Loans, is about to rise up to 2.1% from 1.7% on the last month report.
Finally in Europe, German Import Prices is predicted to reduce by 0.1% down to 0.3% now.
For more on the Euro, read the Euro to dollar forecast.
In Switzerland, KOF Economic Barometer, index based that is composite on 12 financial indicators, reduce is estimated from 0.01 on December down to -0.06 this time.
Read more about the Swiss franc in the USD/CHF forecast.
That’s it for today.
For more events later in the week, check out the Live Forex Calendar
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