We began the week with FOMC Member Lockhart Speaks in the US and RICS House Price Balance in the UK as the main highlights on today’s outlook. Let’s see what awaits us today.
In the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President is due to speak in in Chicago
Later in the US, Sandra Pianalto, Federal Reserve Bank of Cleveland President is expected to speak in Cleveland.
In Europe, French Industrial Production is about to raise from -0.9% on May up to 0.2% now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, housing inflation important indicator, is about to rise up by 2% from May’s survey to -17%.
Read more about the Pound in the GBP/USD forecast.
In New Zealand, Manufacturing Sales is due to remain 1.2% similar to the last moth report.
For more about the kiwi, see the NZD/USD forecast.
In Japan, JPY, Business Survey Index (BSI), Manufacturing Index, Manufacturer’s Survey to rate the general business condition’s relative level, rise is likely from -7.3 points on the last quarter up to -2.4 now.
Later in Japan, Tertiary Industry Activity, value the total change in the last month businesses purchasing, rise from -0.6% on May up to 0.4$ this time is anticipated.
Later on in Japan, M2 Money Stock, shows the total quantity change of local currency regarding the bank’s circulation and deposited, drop down is forecasted by 0.1% from the last month report to 2.5%
Also in Japan, Household Confidence is estimated to remain similar to May’s report with 39.9 points.
More in Japan, Prelim Machine Tool Orders no change is likely from the last month report and 0.4% is due to remain.
Finally in Japan, Corporate Goods Price Index (CGPI); Measures the corporation’s price change for of goods, about to reduce from -0.2% to -0.3% this month.
Read more about the yen in the USD/JPY forecast.
Trade well
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