Employment Change in New Zealand and Foreign Currency Reserves in Switzerland are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Crude Oil Inventories, value the of commercial crude oil barrels that are held in inventory over the last week, -2.0M is likely to remain this week.
Later in the US, Consumer Credit is likely to reduce down to 10.1B from 18.1B on October.
In Europe, Retail Sales value all the monthly sales at the retail level, is due to drop down by 0.1% now.
Later in Europe, German Industrial Production, meatuses the manufacturers, mines, and utilities of output production, -0.4% is likely now from -0.5% on the last time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, British Retail Consortium (BRC) Shop Price Index, show the price change of retail stores goods that are purchased at BRC, 1.0% is predicted now similar to the last report.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Foreign Currency Reserves, value all the foreign currency reserves that is held by the Swiss National Bank (SNB), 429.5B is calculated this month with no change from the last time.
Later in Switzerland, Consumer Price Index (CPI), the consumer’s price change of goods and services, 0.3% is likely with no change from October.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Employment Change, value the number of employed people over the last quarter, due to rise up to 0.3% from -0.1% on the last report.
Later in New Zealand, Unemployment Rate, measures by percentage all the unemployed that are actively seeking employment, reduce of 0.1% is likely now with 6.7% from the last quarter.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Core Machinery Orders, the total value of new manufacturers’ purchase orders placed for machines (not including ships and utilities), -1.9% is predicted now from -3.3% on the last month.
Later in Japan, Current Account, value the difference between imported and exported goods and services that were transfers on the last month, 0.21T is likely now from 0.72T on October.
Later on in Japan, Bank Lending is due to remain 1.0% similar to the last time.
Read more about the yen in the USD/JPY forecast.
Trade well