Prelim UoM Consumer Sentiment in the US and MPC Member Tucker Speech are the major events this day. Here is an outlook on the market-movers awaiting us.
In the US, Consumer Price Index (CPI), monthly measurement to value the price of services and goods bought by customers, reduce to -0.1% this time is expected from 0.2% on June. And the core CPI (Ex Food and Energy) is expected to reduce to 0.2% from 0.3% on June.
Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, monthly Survey of around 500 customers to value the existing and upcoming level of economic conditions, is about to rise from 71.5 points in June to 72.5 points this time. Meanwhile the Prelim UoM Inflation Expectations is due to remain 3.8%.
More in the US, Empire State Manufacturing Index, monthly Survey of about 200 builders in New York State to value the level of general commercial conditions, a rise is expected from -7.8 points on June to 4.5 points this time.
Also in the US, Capacity Utilization Rate, monthly measurement to value of existing resources being used on percentage, small rise to 77% is expected this time.
Finally in the US, Industrial Production, report to measure the output production on the previous month, is expected to rise from 0.1% on June to 0.4% this month.
In Canada, Manufacturing Sales, leading report to measure the value of sales made by builders on the past month, reduce to -0.2% is forecasted this time from -1.3% on June.
For more on USD/CAD, read the Canadian dollar forecast.
in Europe, Bank Stress Test Results, 91 banks been participants to measure stress test, the result are about to be released with the desertions regarding which banks passed / failed and new capital requirements.
Also in Europe, Trade Balance is forecasted to be -3.2 billion this month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Paul Tucker, Bank of England (BOE) Deputy Governor id about to speech in Massachusetts.
Read more about the Pound in the GBP/USD forecast.
For more events later in the week, check out the Live Forex Calendar
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