Unemployment Claims & Building Permits in the US are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly report to value the unemployed that filed for insurance, due to reduce by 10K from the last month down to 389K.
More in the US, Building Permits, It’s an outstanding monthly measure of forthcoming construction activity that value the new construction permits issued, 0.68M is predicted similar to the last month report.
Moreover in the US, Consumer Price Index (CPI); key inflation indicator that rate the monthly consumer’s price change for goods and services, is about to rise up to 0.2% this time, while on the Core CPI (without food and energy) decrease is predicted down to 0.1% from 0.2% on December.
Later in the US, Philly Fed Manufacturing Index, Monthly manufacturers Survey to rate the general business conditions, rise of 1 point is expected from December up to 11.3.
Also in the US, Crude Oil Inventories, weekly measurement that affects the inflation and value the amount barrels held in inventory, 5.0M is predicted similar to the last week report.
Finally in the US, Natural Gas Storage is due to remain -95B like on the last week.
In Canada, Manufacturing Sales, value the total manufacturer’s sales from December, about to rise up from -0.8% to 0.9% this month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Central Bank (ECB) Monthly Bulletin, the ECB Governing Board statistical data regarding the latest interest rate decision and shows the present and coming monetary conditions from the bank’s viewpoint.
Later in Europe, Current Account, value the difference between exported & imported goods, unilateral transfers etc., is about to rise from -7.5B up to 0.5B.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Nationwide Consumer Confidence, Monthly Consumer’s Survey to rate the existing and forthcoming financial conditions, is predicted to rise up to 41 points, 1 point higher then on December.
Read more about the Pound in the GBP/USD forecast.
In Australia, Unemployment Rate, value (by Percentage) the unemployed that are looking for jobs on the last month, 5.3% is predicted with no change from December.
More in Australia, Employment Change, measures the number of employed on the past month, due to rise from -6.3K on December up to 10.2K on this report.
Finally in Australia, Melbourne Institute (MI) Inflation Expectations, value the consumer’s expected prices (by percentage) on the next 12 months, due to remain 2.4%.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today.
Happy forex trading!
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