Trade Balance in the US and ZEW Economic Sentiment In Europe are the main events lined up. Let’s see what awaits us today.
In the US, Trade Balance shows the difference between imported and exported goods and services, rise up -42.4B is likely now from -41.5B on the last month.
Later in the US, Investor’s Business Daily (IBD), TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism, monthly survey that is due to rise up to 51.6 points now from 48.6points on November.
Finally in the US, Wholesale Inventories is due to drop down to 0.5% from 1.1% on November.
In Canada, Trade Balance, monthly indicator to value the difference between imported and exported goods, rise up to -1.2B is forecasted now from -0.8B on the previous report.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Monthly Survey of institutional investors and analysts to rate the Eurozone’ economic outlook for the past 6 month, 0.1 points are calculated now from -2.6 points on November. And on German ZEW Economic Sentiment -11.4 points is likely now from -15.7 points on the previous report points
Later in Europe, French Final Non-Farm Payrolls is likely to remain -0.3% with no change from the late quarterly report.
More in Europe, Eurogroup Meetings is due now with the decisions that can effect the Eurozone’s economic health.
Finally in Europe, German Wholesale Price Index (WPI), 0.4% is due now from -0.6% on November.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, leading indicator of housing inflation based on monthly survey, -5% is due now from -7% on the last time.
Later in Great Britain the Conference Board (CB) Leading Index, 0.2% is calculated similar to the previous month.
Read more about the Pound in the GBP/USD forecast.
In Australia, National Australia Bank (NAB) Business Confidence, Survey to rate the business conditions, -1 is due now.
Also in Australia, Westpac Consumer Sentiment, Survey to rate former and future financial conditions such as employment and climate for major purchases; 5.2% is likely similar to November.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Core Machinery Orders, value all the new manufacturers purchase orders (without ships and utilities), 3.1% is likely now from -4.3% on the past month.
Late in Japan, Tertiary Industry Activity is likely to remain -0.3% this month as well.
Finally in Japan, Corporate Goods Price Index (CGPI), the price change of goods that were sold by corporations, -0.9% is expected now from -1.0% on November.
Read more about the yen in the USD/JPY forecast.
Trade well
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