Building Permits in the US and CPI in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Building Permits, excellent indicator of upcoming construction activity that value the new residential building permits that were issued on the past month, rise of 1M from February is predicted up to 0.68M. Meanwhile the Housing Starts (buildings that begun construction) is due to remain 0.70M similar to the previous month report.
More in the US, Ben Bernanke, Federal Reserve Chairman is about to speak in Washington DC.
Finally in the US, Timothy Geithner, US Treasury Secretary Is expected to lecture in Washington DC.
In Europe, German Producer Price Index (PPI), monthly manufacturers’ report to value the price change in goods, reduce is predicted from 0.6% on February down to 0.5% now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Consumer Price Index (CPI); monthly indicator to rate the consumers’ price change of goods and services, reduce is estimated by 0.2% from February down to 3.4%, same reduce is predicted on the Core CPI from 2.6% to 2.4%, and Retail Price Index (RPI) for the purpose of consumption is about to decline by 0.5% to 3.4% now.
Later in Great Britain, CBI Industrial Order Expectations, and Monthly manufacturers’ Survey to rate the expected order volume on the upcoming 3 months; further reduce is predicted by 2 points down to -5 points.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Industrial Production, quarterly report to value the manufacturers and utilities output growth is expected from -1.5% up to 0.4% now.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Monetary Policy Meeting Minutes, Reserve Bank of Australia (RBA) most recent Board’s meeting that providing insights into the financial conditions and interest rates decision.
More in Australia, Malcolm Edey, Reserve Bank of Australia (RBA) Assistant Governor (Financial System) is due to speak in Sydney.
Finally in Australia, MI Leading Index, value the composite index that is based on 9 monetary indicators, is about to remain 0.5% similar to the last month report.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Current Account, value the difference between imported and exported goods, income flows and so on over the previous quarter, rise is forecasted from -4.60B to -2.78B.
More in New Zealand, Visitor Arrivals, no change is predicted and -2.3% is due to remain.
For more about the kiwi, see the NZD/USD forecast.
That’s it for today.
Happy forex trading!
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