We end this week with PPI in the US as the major event of the day. Here is an outlook on the market-movers awaiting us.
In the US, Producer Price Index (PPI), the price change of finished goods and services that were sold by producers over the last month, drop down is likely from -1.0% down to -0.5%. While on the Core PPI (excluding food and energy), rise is estimated from 0.2% up to 0.3%
Later in the US, Prelim University of Michigan (UoM) Consumer Sentiment, Monthly Consumer’s Survey to value the present and future financial conditions, rise of 0.3 points is calculated up to 73.5 points. Meanwhile on the Prelim UoM Inflation Expectations 3.1% is likely with no change from the previous monthly report.
Finally in the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President; is about to speak in Jackson.
In Great Britain, The Conference Board (CB) Leading Index, no change is likely from June and 0.2% is forecasted.
Later inGreat Britain, The Conference Board (CB) Leading Index, no change is likely from June and 0.2% is forecasted.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Producer Price Index (PPI); the manufacturer’s price change of goods and raw materials, -0.2% is due to remain similar to the last month report.
Read more about the Swiss franc in the USD/CHF forecast.
In Japan, Revised Industrial Production, manufacturers, mines, and utilities total output production is due to remain -3.1% with no change from the last month.
Later in Japan, Bank of Japan (BOJ) Monthly Report value the monthly report of recent monetary and financial developments.
Read more about the yen in the USD/JPY forecast.
Trade well
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