Building Permits in Canada and Manufacturing Production in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Ben Bernanke, Federal Reserve Chairman, is about to speak in Washington DC.
Later in the US, Loan Officer Survey correlated with spending and confidence and value the banks’ lending terms and demand for loans, no change is likely from the last quarter.
Finally in the US, Consumer Credit, value all the unpaid consumer credit that needs installment payments, reduce is likely from 17.1B on July down to 12.0B now.
In Canada, Building Permits, important indicator of future construction activity, to value all the new construction permits issued on the past month, reduce is expected from 7.4% down to -3.5% this time.
Also in Canada, Ivey Purchasing Managers’ Index (PMI); value the business conditions such as employment, new orders, supplier deliveries and inventories, industry expansion is predicted from 49.0 points on July up to 51.7 now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Factory Orders, the manufacturers’ new purchase orders on the last month is likely to decrease down from 0.6% on July to -0.8%.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Manufacturing Production, measures the manufacturer’s output produced, reduce from 1.2% on July down to -3.9% is estimated.
Later in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate, predicts the value of all the economy production for goods and services on the last 3 months, -0.2% is calculated similar to the last report.
Finally in Great Britain, Industrial Production is about to decrease down to -3.2% from 1.0% on the last report.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Foreign Currency Reserves, the foreign currency reserves held by the Swiss National Bank (SNB); due to remain 364.9B like on the last month.
Also in Switzerland, Consumer Price Index (CPI), value the consumers’ price change in of goods and services; due to further reduce by 0.2% down to -0.5%.
Finally in Switzerland, Unemployment Rate, measures by percentage unemployed that are actively seeking for employment, 2.9% is likely with no change from the last time.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Reserve Bank of Australia (RBA) Rate Statement; the RBA Board uses it to communicate with investors regarding the monetary policy and discusses the financial outlook of future decisions. While the Cash Rate that value the Interest rate for overnight deposits, with no change from the last months and 3.50% is due to remain.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Current Account shows the difference in between imported and exported goods, services and unilateral transfers, rise is predicted from 0.28T on July up to 0.75T.
Also in Japan, Bank Lending, no change is likely from the last month and 0.7% is expected.
Read more about the yen in the USD/JPY forecast.
Trade well
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