Unemployment Claims in the US and GDP in Canada are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly measurement to value the individuals that filed for unemployment insurance for the first time, 362K is likely now from 330K on the previous week.
Later in the US, Employment Cost Index, quarterly consumer inflation report to value the price change that businesses and the government pay for civilian labor, rise of 0.2% from the last time is predicted up to 0.6% now.
Later on in the US, Personal Spending, value of all expenditures by consumers, 0.4% is due now with no change from the last month.
More in the US, Chicago Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment, new orders and inventories, 51.1 points are due now from 51.6 points from the time.
Finally in the US, Core Personal Consumption Expenditures (PCE) Price Index, the consumer’s price Change of goods and services (not including food and energy), 0.1% is calculated now.
In Canada, Gross Domestic Product (GDP), value of all goods and services produced by the economy, rise of 0.1% is likely up to 0.2%
Later in Canada, Raw Materials Price Index (RMPI) monthly consumer inflation indicator to value the price change of manufacturers’ raw materials, rise up to 0.9% is likely now from 1.9% on the previous month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Retail Sales, consumer spending monthly report to value all the Sales at the retail level (without cars and gas stations), 0.1% is predicted now from 1.2% on December.
Later in Europe, German Prelim Consumer Price Index (CPI), measures the consumer’s price change of goods and services, reduce down to -0.5% is likely from 0.9% on December.
Later on in Europe, German Unemployment Change expects to rise up to 9K from 3K on the past month.
Finally in Europe, French Consumer Spending, monthly consumer spending report to show all goods expenditures by consumers, rise of 0.1% is likely now up to 0.3%.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Nationwide House Price Index (HPI), value the selling price of homes with mortgages that is backed by Nationwide, rise up to 0.3% now from -0.1% on December is calculated.
Read more about the Pound in the GBP/USD forecast.
In Australia, Housing Industry Association (HIA) New Home Sales, value the newly built homes that were sold on the past month, 4.7% is likely to remain similar to the last time.
Later in Australia, Import Prices, the price change of goods that were purchased importers, rise up to 0.5% is likely now from -2.4% on the past quarter.
Finally in Australia, Private Sector Credit, value of new issued credit to consumers and businesses, rise up to 0.2% is due now.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Graeme Wheeler, Reserve Bank of New Zealand (RBNZ) Governor is about to speak in Aldington.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Average Cash Earnings, value the employment income collected by workers, is about to rise up to 1.1% from -0.8% on the last time.
Later in Japan, Household Spending, measures all the expenditures by consumers, is due to drop down to -0.1% from 0.2% on December.
Read more about the yen in the USD/JPY forecast.
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