We start the week with a very busy and interesting day. Treasury Currency Report in the US, Unemployment in Europe and much more. Let’s see what awaits us today.
In the US, Treasury Currency Report, It provides a detailed review of global exchange rate policies, economic conditions, and central bank and government actions around the world. Most importantly, the report outlines counties that the Treasury deems currency manipulators.
In Canada, Raw Materials Price Index (RMPI); price of raw materials purchased by manufacturers is about to rise by 0.6%.Consumer inflation indicator of, while the Industrial Product Price Index (IPPI); price of goods sold by manufacturers is about to be 0.2% like on the previous month.
More in Canada, Current Account, imported and exported goods, services, investment income, and current transfers during the previous quarter is about to reduce by 3.9 points. It’s directly linked to currency demand
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Central Bank (ECB) President Jean-Claude Trichet due to testify before the European Parliament’s Committee on Economic and Monetary Affairs, in Brussels and to drop subtle clues regarding future monetary policy.
Also in Europe, Unemployment Rate of unemployed and actively seeking employment during the previous month is about to be 10.1% like on the previous month. Tends to have a muted impact because there are several earlier indicators related to Eurozone labor conditions. And the German Unemployment Change is about to reduce by 16K.
Later in Europe, Consumer Price Index (CPI), price of goods and services purchased by consumers is about to be 1.9% similar to the previous month. account for overall inflation and valuation.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Great Britain, Annual Pre-Budget Release, Domestic government spending and borrowing levels can have a significant impact on the economy – increased spending generates work for contractors and creates jobs. Borrowing levels provide insight into the nation’s underlying fiscal position and can impact the country’s credit rating.
More in Great Britain, GfK Consumer Confidence, index based on surveyed consumers will remain -19 points similar to the previous month. Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.
Later in Great Britain, Net Lending to Individuals, total value of new credit issued to consumers is about to rise by 0.4 points. It’s correlated with consumer spending and confidence.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, UBS Consumption Indicator, index based on 5 consumer-based economic indicators is about to remain 1.70 points similar to the previous month.
In Australia, Building Approvals, new building approvals issued is about to rise by 7%. excellent gauge of future construction activity.
More in Australia, Reserve Bank of Australia (RBA) Governor Glenn Stevens due to deliver a speech titled “The Challenge of Prosperity” at the Committee for Economic Development of Australia (CEDA) Dinner, in Melbourne.
Later in Australia, Reserve Bank of Australia (RBA) due to speak at the Australian Securitisation Forum, in Sydney.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, NBNZ Business Confidence, Survey of about 1,500 businesses which asks respondents to rate the relative 12-month economic outlook, indicates optimism with 23.7 points.
Later in New Zealand, Trade Balance, value between imported and exported goods during the reported month. Export demand also impacts production and prices at domestic manufacturers.
In Japan, Bank of Japan (BOJ) Governor Masaaki Shirakawa Due to speak at the Economic Forum, in Nagoya and drop subtle clues regarding future monetary policy and interest rate shifts.
Later in Japan, Household Spending expenditures by consumers is about to rise by 0.4%.
That’s it for today. Happy forex trading!
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