Unemployment Claims in the US and Europe are the main highlight on today’s outlook. Let’s see what awaits us today.
In the US, GDP Price Index, Measures the monetary value of all the goods, services and structures produced within a country. Gross Domestic Product (GDP) delivers the broadest measure of economic production and key interest, is expected to rise by 2%, while the Annualized GDP is expected to reduce by 1.3%.
Later in the US, Pending Home Sales, measures the existing active domestic housing agreement, is about to reduce by 0.6%.
Later on in the US, Unemployment Claims, a weekly report measuring the number of Americans filing new Unemployment Claims indicating the overall job market condition, 3.695 million is forecasted, similar to the previous week. While the Initial Jobless Claims is about to gain Initial Jobless Claims 403 K
403K
More in the US, Real Personal Consumption Expenditure, measures the average amount of money spent by consumers on durable goods, consumer products, and services. Is expected to remain around 1.7%.
Finally in the US, Willian C, Dudle president and chief executive officer of the Federal Reserve Bank of New York, president and chief executive officer of the Federal Reserve Bank of New York is about to deliver a speech.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Unemployment Rate percentage of actively seeking employment and affects the consumer spending is expected to reduce by 1% and the Unemployment Change due to rise by 18K.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, GfK Consumer Confidence Consumer, based on a survey of consumers inquiring about economic activity a good indicator of economic strength is expected to rise by 1 point to -27.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, KOF Swiss Leading Indicators, a composite index aimed to predict future trends in Switzerland economy, is expected now to remain 2.2 points, similar to the previous index.
In Japan, Construction Orders, housing key indicator that housing measures the orders received by construction companies is about to rise to 19.5%. Meanwhile the Housing Starts is about to reduce to Housing Starts-1.7%.
That’s it for today. Happy forex trading!
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