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, It’s an outstanding future construction activity indicator to measure the new residential building permits that were issued on the past month, 0.71M similar to March.
More in the US, Housing Starts, value the new residential constructions that began building, rise of 0.1M from the last month is forecasted up to 0.71M this time.
Later in the US, Capacity Utilization Rate, consumer inflation indicator that measures by percentage the manufacturers, mines, and utilities’ available resources, 78.6% is predicted, 0.1% less from the previous month.
Finally in the US, Industrial Production, the value of manufacturers, mines, and utilities’ output, due to rise up to 0.4% now.
In Canada, Bank of Canada (BOC) Rate Statement, the primary tool that BOC uses to communicate with investors regarding monetary policy and decision on interest rates, it also discusses the financial outlook for the future decisions. Meanwhile on no change on the Overnight Rate is likely and 1.00% is due to remain with no change from the previous months.
More in Canada, Manufacturing Sales, value of manufacturer’s sales, -0.1% is predicted, rise of 0.8% from March.
Finally in Canada, New Motor Vehicle Sales consumer confidence sign that is due to reduce from 15.4% on the last month down to -2.3% this time.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Survey to rate the financial outlook on the last 6-month, due to reduce down to 10.7 from 11.0 and similar reduce is predicted in Germany down to 20.2 from 22.3 on the past month.
More in Europe, Consumer Price Index (CPI), value the price change for consumers of goods and services, 2.6% is likely to remain and similar in the Core CPI (without food, energy, alcohol, and tobacco) is likely with 1.5% with no change from March.
Finally in Europe, Mario Draghi, European Central Bank (ECB) President is about to lecture in Frankfurt.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Consumer Price Index (CPI), Monthly measurement of the consumer’s price change for goods and services, rise of 0.1% is likely up to 3.5%. On the Core CPI 2.4% is predicted similar to the last month and the Retail Price Index (RPI) is expected to reduce by 0.1% down to 3.6% this time.
More in Great Britain, Adam Posen, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is due to speak in London.
Finally in Great Britain, Department for Communities and Local Government (DCLG) HPI is due to rise up to 0.4% from 0.2% on March.
Read more about the Pound in the GBP/USD forecast.
In Australia, Monetary Policy Meeting Minutes, Reserve Bank of Australia (RBA), the most detailed record of the recent meeting regarding the monetary conditions and interest rates decisions.
More in Australia, New Motor Vehicle Sales, consumer confidence sign to measure the new cars and trucks sold domestically, remain similar to the previous month.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Real Estate Institute of New Zealand (REINZ) House Price Index (HPI); value the all homes selling price, 0.8% is likely to remain similar to the previous month.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Household Confidence, rise from 39.5 points on the last month Survey up to 40.1 points this time is expected.
More in Japan, Revised Industrial Production is due to remain -1.2% with no change from March.
Read more about the yen in the USD/JPY forecast.
That’s it for today.
Happy forex trading!
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