A busy day is expecting us. The focus is still on the Greek crisis – the market will move by the voices heard at the EU Economic Summit. There are lots of other figures elsewhere. Let’s see what’s up for today.
Employment figures in Australia will rock the Aussie early in the day. Australian employment change is expected to show a gain of 15,100 jobs while the unemployment rate is predicted to edge up to 5.6%. Outstanding positive or negative figures can make the Aussie break technical levels.
For more on the Australian dollar, read the AUD/USD forecast.
Swiss CPI is expected to drop by 0.4%, double last month’s number. No rate hike is expected in Switzerland.
The ECB Monthly Bulletin is expected to shed some light on the way that the central bank sees the economy. This will be overshadowed by a bigger event – The EU Economic Summit. This summit is expected to decide about a rescue plan from Greece. High expectations already boosted the Euro in recent days. A positive outcome is essential for the Euro.
American Unemployment Claims are predicted to show less claims this time – 460K instead of 480. This is the first weekly report of claims since the recent confusing Non-Farm Payrolls. The Federal Budget Balance wasn’t published yesterday, and it’s due today.
In Canada, the NHPI is predicted to rise by 0.4%, exactly like last month. The Canadian dollar is getting away from the dangerous 1.0750 line.
For more USD/CAD, read the Canadian dollar forecast.
New Zealand closes the day with Retail Sales numbers. After a rise of 0.8% last month, they’re predicted to rise by 0.7% this time. Also note the core retail sales.
That’s it for today. Happy forex trading!
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