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, value the individuals that filed for unemployment insurance for the first time, rise from 336K on the last week up to 340K now is due
Later in the US, Final Gross Domestic Product (GDP), the yearly value of all goods and services that are produced by the economy, rise from 0.1% on the last quarter up to 0.5% is forecasted now.
Finally in the US, Chicago Purchasing Managers’ Index (PMI), Monthly Survey of managers in Chicago to rate the business conditions such as employment, new orders, supplier deliveries and inventories, 56.5 points are due now from 56.8 points on the last time.
In Canada, Gross Domestic Product (GDP), broadest economic activity measurement to value all goods and services that were produced by the economy, rise up from -0.2% on the previous report to 0.1% now is likely.
Later in Canada, Raw Materials Price Index (RMPI), measures the price change of manufacturer’s raw materials 1.9% is due now from 3.8% on February.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, M3 Money Supply calculates the total quantity of domestic currency that is in circulation and deposited in banks, 3.2% is due now from 3.5% on February.
Later in Europe, German Unemployment Change shows the number of unemployed people over the last month, -2K is due now from -3K on February.
Finally in Europe, German Retail Sales, value all the sales at the retail level (without cars and gas stations), -0.5% is forecasted now from 3.0% on the previous report.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Bank of England (BOE) Credit Conditions Survey, bank survey to rate the credit conditions over the past and next 3 months.
Read more about the Pound in the GBP/USD forecast.
In Australia, Private Sector Credit, all the new consumers and businesses credit that were issued over the last month, rise of 0.1% from February is likely up to 0.3%.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Household Spending, value of all expenditures by consumers, rise of 0.2% is due now up to 0.4%.
Later in Japan, Tokyo Core Consumer Price Index (CPI), value the consumer’s price change of goods and services in Tokyo (not including fresh food), -0.6% is due with no change from the last time.
Finally in Japan, Prelim Industrial Production, value the manufacturers, mines, and utilities output production, 2.6% is expected now from 0.3% on the last report.
Read more about the yen in the USD/JPY forecast.
Trade well
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