Unemployment Claims in the US and Retail Sales in Canada are the major market-movers. Let see what awaits us today.
In the US, USD, Unemployment Claims, value the unemployment insurance that was filed for the first time on the last week, due to drop by 5K down to 381K
Later the US, Philly Fed Manufacturing Index, Month Survey of the manufacturers in the Philadelphia Federal Reserve district for measuring the general business conditions, is about to rise up from -5.8 points on May to 1.3 points now.
Also the US, Existing Home Sales, value the Annualized residential buildings that were sold on the past month (not including new construction), about to reduce from 4.62M on May down to 4.59M this time.
Finally the US, Flash Manufacturing Purchasing Managers’ Index (PMI); Level of a diffusion index that is based on manufacture’s monthly survey, due to decreases from 54.0 points on May down to 53.7 now.
In Canada, Retail Sales, value the total sales at the retail level, reduce of 0.1% is likely down to 0.3%. While on the Core Retail Sales (not including cars), rise of 0.1% is estimated up to 0.2% this month.
Later in Canada, Mark Carney, Bank of Canada (BOC) Governor, is due to Speaks in Halifax.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI); Monthly Survey to rate the business conditions such as employment, new orders and supplier deliveries, is due to reduce from 45.1 points on May down to 44.9 points now. While France reduce of 0.1 point is likely to 44.6 points. And in Germany rise of 0.2 point is forecasted up to 45.4 points.
Later in Europe, Flash Services Purchasing Managers’ Index (PMI); Monthly Survey to rate level of business conditions like production, prices and inventories; is likely to reduce from 46.7 points on May down to 46.5 points now. While in France rise of 0.1 points is expected to 45.2 points. And in Germany reduce of 0.2 points are predicted down to 51.6 points.
Also in Europe, Mario Draghi, European Central Bank (ECB) President, is about to speak in Frankfurt.
Finally in Europe, Current Account, measures the difference in between imported and exported goods and services along with income flows and unilateral transfers, is about to reduce from 9.1B on May down to 7.3B now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Retail Sales, value the total sales at the retail level from the last month, rise is forecasted from -2.3% up to 1.1% this time.
Later in Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, a Monthly Manufacturer’s Survey to measure the order volume expected on the next 3 months; further reduce is calculated from -17 points on May down to -19 points now.
Finally in Great Britain, Martin Weale, External Bank of England(BOE) Monetary Policy Committee (MPC) Member; is due to speak in Guildford.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Trade Balance, value the difference between imported and exported goods on the last month; rise is likely from 1.26B on May up to 1.97Bnow.
Later in Switzerland, Industrial Production, value the manufacturers, mines, and utilities’ output, due to drop down from 7.9% on the last quarter to -7.5% now.
Read more about the Swiss franc in the USD/CHF forecast.
Trade well
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