In the US, Consumer Price Index (CPI), value the price of various goods and services on the last month, due to drop down by 0.1% to 0.3%. Meanwhile the Core CPI is likely to stay 0.2% similar to September.

In Europe, Belgium National Bank of Belgium (NBB) Business Climate, Monthly Survey of around 6,000 businesses to value the level of present commercial conditions and forecast to the next 6 months, further reduce from -1.1 points on June to -2.2 points is expected this time.

In the US, Pending Home Sales, homes under contract to be sold but still awaiting the closing transaction, excluding new construction; is about to rise by 2.8%. Triggers a wide-reaching ripple effect.

The earthquake in Japan is also felt in Australia. Fears of weaker global growth have sent the Aussie down, but it managed to recover after the massive yen intervention. Which direction will it chose?

In the US, Philly Fed Manufacturing Index, survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions, measuring the level of a diffusion index based on surveyed manufacturers in Philadelphia, is about to rise up to 21.9 from 20.2. It’s a leading indicator of economic health and early signal of future economic activity such as spending, hiring, and investment.

In the US, unlike the decrease of PPI index yesterday the CPI is expected to rise from 0.1% to 0.2% as well as the Core CPI which is foreseen to increase by 0.1% from 0.0% last month.

In the US, Producer Price Index for Finished Goods is foreseen a decrease from 0.7% in April to 0.1% indicating low inflation rates while Core PPI excluding food and energy is expected to rise from 0.1% in April to 0.2% this month.

Treasury International Capital (TIC) Long-Term Purchases released monthly represents the balance of domestic and foreign investment is rising up to 50.5 Billion from 47.1 Billion.

AUD/USD graph with support and resistance lines on it. Click to enlarge:

In Australia, a speech by Malcolm Edey, RBA assistant governor, can move the markets very early in the week. This speech comes a day before the meeting minutes from the latest decision are released.