Advance GDP in the US and RBNZ Rate Statement in New Zealand are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, the estimated number of employed people on the last month (without the farming industry and government), 164K is likely now from 215K on December.
Later in the US, Advance Gross Domestic Product (GDP), quarterly report to value the annualized value of all goods and services that were produced by the economy, 1.1% is due now from 3.1% on the last time. And on the Advance GDP Price Index, 1.5% is likely now from 2.7% on the last quarter
Later on in the US, Federal Open Market Committee (FOMC) Statement, the FOMC primary tool that is used to communicate with investors regarding the financial policy and discusses the economic outlook of future votes. And on the Federal Funds Rate no change is due from the past months and 0.25% is forecasted.
Finally in the US, Crude Oil Inventories, weekly calculator to value the commercial firm’s crude oil barrels that are held in inventory, rise of 0.1M is due up to 2.9M now.
In Europe, Jens Weidmann, Deutsche Bundesbank (Buba) President, is due to speak in Berlin.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Net Lending to Individuals, value all the new credit that were issued to consumers on the past month, rise up to 0.9B is estimated now from -0.1B on December.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, KOF Economic Barometer, composite index that is based on 12 financial indicators, 1.21 points is due now from 1.28 on the previous time.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Reserve Bank of New Zealand (RBNZ) Rate Statement, primary tools to communicate with investors on financial policy and discusses the economic outlook. And on the Official Cash Rate 2.50% is likely with no change from the last months.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Prelim Industrial Production, measurs all the manufacturers’ mines, and utilities output production, rise up to 4.2% is predicted from -1.4% on December.
Read more about the yen in the USD/JPY forecast.
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