Unemployment Claims in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, value the people filed for unemployment insurance for the first, 361K is due now from 368K on the past week.
Later in the US, Jeremy Stein, Federal Reserve Governor is about to speak.
Later on in the US, Prelim Nonfarm Productivity, value the annual change in labor efficiency on goods and services production (without the farming industry), -1.3% is expected now from 2.9% on the past quarter.
Finally in the US, Prelim Unit Labor Costs, consumer inflation indicator to value the price change of businesses payment for labor (not including the farming industry), 3.1%is calculated now form -1.9% on the last quarter.
In Canada, Building Permits, indicator for future construction activity to value all the new building permits that were issued on the past month, 4.3%-17.9%,
Later in Canada, New Housing Price Index (NHPI) to measure the selling price of new homes, rise up to 0.2% is likely now from 0.1% on the last time.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Union (EU) Economic Summit (Day 1) is due now.
Later in Europe, ECB Press Conference, primary ECB tool to communicate with investors on financial policy, and it provides clues regarding future financial policy. Meanwhile in the While on the European Central Bank (ECB) Minimum Bid Rate, value of the 6 members of the ECB Executive Board and the 17 governors of the Euro area central banks regarding on where to set the rate, 0.75% is likely with no change from the last report.
Finally in Europe, German Industrial Production, manufacturers, mines, and utilities production for all the output, 0.2% is likely similar to the last time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, MPC Rate Statement is due now while the Official Bank Rate show no change from the previous time and 0.50% is expected.
Later in Great Britain, Mark Carney, Bank of England (BOE) Governor-Designate is due to testify in London.
Later on in Great Britain, Asset Purchase Facility, Total value of money that the Bank of England (BOE) will create and use to open market assets purchasing, 375B is calculated similar to January.
More in Great Britain, Manufacturing Production measures all the manufacturers’ output; rise up to 0.7% is expected now from -0.3% on January.
Finally in Great Britain, Trade Balance, value the difference between imported and exported goods, -8.9B is forecasted now from -9.2B on the past reported month.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Foreign Currency Reserves, value all the foreign currency reserves that is held by the Swiss National Bank (SNB), 427.2B is calculated with no change from the past report.
Later in Switzerland, SECO Consumer Climate 3 Months Household’s Survey to value the past and future financial conditions, -11 ponies are due now from -17 ponies on the last time.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Employment Change shows the employed people on the previous month, 5.8K is predicted now from -5.5K on January.
Later in Australia, Unemployment Rate value all the work force by percentage that is unemployed and actively looking for employment, reduces by 0.1% is expected now down to 5.4%.
Finally in Australia, National Australia Bank (NAB) Quarterly Business Confidence, a diffusion index that is based on surveyed businesses (not including the farming industry), -2 is due now with no change from the last quarter.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Current Account the difference between imported and exported goods, services, income flows and so on, 0.24T is likely from 0.23Ton January.
Read more about the yen in the USD/JPY forecast.
Trade well
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