We start the week with FOMC Member Plosser Speaks in Santiago and Nationwide Consumer Confidence in the UK. Let’s see what awaits us today.
In the US, Federal Reserve Bank of Philadelphia President Charles Plosser, Due to deliver a speech titled “Thoughts on the Scope of Monetary Policy” at the Global Interdependence Center Conference, in Santiago. Audience questions expected and often used to drop subtle clues regarding future monetary policy.
Later 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, Foreign Securities Purchases, value of domestic stocks, bonds, and money-market assets purchased by foreigners during the reported month; is about to rise by 0.91 B and it is directly linked because foreigners must buy the domestic currency to purchase the nation’s securities.
For more on USD/CAD, read the Canadian dollar forecast.
In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, index based on surveyed property surveyors; is about to rise by 0/1%. surveyors have access to the most recent price data by virtue of their job.
More in Great Britain, Nationwide Consumer Confidence, Survey of about 1,000 consumers which asks respondents to rate the relative level of current and future economic conditions, is about to rise by 4 points and accounts for a majority of overall economic activity.
Later in Great Britain, Rightmove House Price Index (HPI) is about to remain -3%, similar to the previous month.
Read more about the Pound in the GBP/USD forecast.
In Australia, New Motor Vehicle Sales, number of new cars and trucks sold domestically; is about to remain 0.2%. It’s a sign of consumer confidence – rising demand for expensive durable goods shows that consumers are confident in their future financial position and feel comfortable spending money.
More In Australia, Melbourne Institute (MI) Inflation Gauge, price of goods and services purchased by consumers is about to remain 0.4%, similar to the previous month.
For more on the Aussie, read the AUD/USD forecast.
In Japan, New Motor Vehicle Sales, number of new cars and trucks sold domestically; is about to remain 0.2%. Rising demand for expensive durable goods shows that consumers are confident in their future financial position and feel comfortable spending money
More in Japan, Household Confidence, Survey of about 5,000 households which asks respondents to rate the relative level of economic conditions including overall livelihood, income growth, employment, and climate for major purchases is about to rise 1.3 points.
That’s it for today. Happy forex trading!
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