PPI in the US and CPI in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Producer Price Index (PPI), important consumer inflation sign that value the producer’s goods and services prices, about to reduce from 0.8% on October down to -0.1%, and the Core PPI (not including energy and food) is due to decrease from 0.2% down to 0.1%.
More in the US, Retail Sales, key measure of consumer spending, is about to reduce from 1.1% on October down to 0.3% now. And the Core Retail Sales (not including cars) is due to drop down from 0.6% to 0.2%.
Moreover in the US, Business Inventories, sing of future commercial spending that value the manufacturers good’s inventory, is about to reduce from 0.5% on the last month to 0.2% this time.
Later in the US, Empire State Manufacturing Index, monthly survey to rate the overall commercial conditions are due to rise up from -8.5 points to -2.0 this time.
Later on in the US, Charles Evans, Federal Reserve Bank of Chicago President is due to speak in New York.
Finally in the US, Richard Fisher, Federal Reserve Bank of Dallas President, is about to lecture in New York.
In Canada, Manufacturing Sales, monthly report to value the quick manufacturers market affected is due to reduce from 1.4% on October down to1.1%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Prelim Gross Domestic Product (GDP), quarterly key measure to value the financial activity and the economy’s health prime, in French is about to rise up to 0.3%, in Germany is about to rise from 0.1% to 0.5% and the Flash GDP due to remain 0.2%.
Later in Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, monthly survey to rate the financial outlook for the past 6-month, due to rise from -51.2 points on October up to -52.7 and in Germany is about to rise up to -51.8 points now.
Finally in Europe, French Prelim Non-Farm Payrolls, value the employed people (not including the farming and government business) is due to rise by 0.1% up to 0.3% from the last quarter.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Consumer Price Index (CPI), monthly measurement to value the consumer’s price for goods and services, is about to reduce by 0.1% down to 5.1% and the Retail Price Index (RPI), for consumption, is due to drop down to 5.5% this time.
Read more about the Pound in the GBP/USD forecast.
In Australia, Monetary Policy Meeting Minutes, full record of the RBA Reserve Bank Board’s latest meeting that offers insights regarding financial conditions that prejudiced on interest rates decisions.
More in Australia, New Motor Vehicle Sales, value the local sales of new cars and trucks, no change from the last month is expected and due to remain -1.5%.
Finally in Australia, Melbourne Institute (MI) Leading Index, composite index based on 9 financial indicators is about to remain 0.8%.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today.
Happy forex trading!
Share
