Halifax HPI in the Uk and German Factory Orders in Europe are the main events lined up. Let’s see what awaits us today.
In the US, Daniel Tarullo, Federal Reserve Governor, is about to speak in Washington DC.
More in the US, Investor’s Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism, monthly survey to value the monetary conditions & outlook over the last 6 months, is predicted to rise from 40.6 on November up to 42.5 points now.
In Canada, Bank of Canada (BOC) Rate Statement, the key BOC tool for communicating with investors regarding monetary policy, and it’s affecting the present and upcoming decisions.
More in Canada, Building Permits, first-rate instrument to value the future building motion and measure the e of new building permits that were issued on the last month, forecasted to rise up from -4.9% up to 3.2%.
Later in Canada, Overnight Rate, value the Interest rate for financial institutions overnight loans, 1% is calculated similar to the last reports.
Finally in Canada, Ivey Purchasing Managers’ Index (PMI), monthly survey to rate the business conditions such as new orders, employment etc. rise of 0.7 points is expected from November up to 55.1 points now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Factory Orders, value the manufacturers’ new orders, forecast to rise from -4.3% on November up to 1.0% this time.
More in Europe, Revised Gross Domestic Product (GDP), is likely to remain 1% similar to the last quarter.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Halifax House Price Index (HPI), main housing industry’s indicator that measures the Bank of Scotland (HBOS) homes prices, 1.2% is forecasted similar to the previous time.
More in Great Britain, British Retail Consortium (BRC) Retail Sales Monitor, value the retail level sales from the same store, -0.6% is expected like on the last month.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Consumer Price Index (CPI); measure the change goods and services consumer’s prices, about to drop down to -0.1% from 0.1% on November.
More in Switzerland, Foreign Currency Reserves, the total value of global reserves and foreign cash flow, 242.7B is expected, similar to the last time.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, RBA Rate Statement, RBA’s key tool for communicating regarding monetary policy with investors about. And also effects the economic outlook future decisions.
More in Australia, Cash Rate no change is expected and 4.25% is due to remain like on the last months.
Later in Australia, Current Account, value the difference between exported and imported goods, services etc., due to rise from -7.4B on November up to -5.5B this time.
Finally in Australia, Australian Industry Group (AIG) Construction Index, is about to remain 34.7 points.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today.
Happy forex trading!
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