American Unemployment Claims and British Nationwide HPI are the main dishes for today, and there are more interesting releases. Let’s see what’s up for today:
Australian Building Approvals start the day. After plunging by 12.5% last month, they’re expected to bounce back and rise by 7.2%.
In Britian, Nationwide HPI is an important release for the whole British economy. After rising by 0.9% last time, it’s predicted to rise by 0.3%. Near the end of the day, British GfK Consumer Confidence is expected to show that British consumers are still pessimistic, but a little bit less. A rise from -25 to -23 is predicted.
For more on GBP/USD, read the British Pound Outlook.
In Europe, German Unemployment Change is expected to rise yet again, this time by 44K. Employment is important in this election year.
Canadian RMPI (Raw Materials Price Index) is expected to rise by 3.1% after showing a gain of 2.2% last time. For more on USD/CAD, check out the Canadian Dollar Outlook.
American Unemployment Claims have settled nicely below 600K, but they’re expected to lift their head from 554K to 578K.
Japanese Household Spending is published late in the day and isn’t predicted to move. The more worrying figure in Japan is Tokyo Core CPI which is predicted to show an annually adjusted fall of 1.7% in prices. Deflation is big in Japan…
Japanese Unemployment Rate will probably remain under control, edging up from 5.2% to 5.3%.
Happy forex trading!
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