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British employment data, European industrial production and US retail sales are the highlights of a very busy day. Let’s see what’s awaiting us today.

Later in the US, Beige Book, times per year, 2 weeks before each FOMC meeting and used by the FOMC to help make their next decision on interest rates.

Later on in the US, Business Inventories, total value of goods held in inventory by manufacturers, wholesalers, and retailers is about to reduce by 0.1% and It’s a signal of future business spending.

Finally in the US, Crude Oil Inventories, number of barrels of crude oil held in inventory by commercial firms during the past due to remain 2M like on the previous time. It influences the price of petroleum products which affects inflation,.

In Canada, Bank of Canada (BOC) Monetary Policy Report, It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions.

More in Canada, BOC Press Conference, It’s among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, Deutsche Bundesbank President Axel Weber, due to deliver a speech titled “Challenges for Monetary Policy in the European Union” at the Federal Reserve Bank, in St. Louis.

Also in  Europe, Industrial Production, output produced by manufacturers, mines, and utilities; is about to rise by 0.6%. Business cycle and is correlated with consumer conditions such as employment levels and earnings.

For more on the Euro, read the  EUR/USD forecast.

In Great Britain, Claimant Count Change, number of people claiming unemployment-related benefits during the previous month; is about to rise by 6.6K.

More in Great Britain, Average Earnings Index, price businesses and the government pay for labor, including bonuses is about to rise by 0.3%.

Read more about the Pound in the  GBP/USD forecast.

In Switzerland, Producer Price Index (PPI) price of goods and raw materials purchased by manufacturers; is about to rise by 0.2%. leading indicator of consumer inflation.

In Australia, RBA Governor Glenn Stevens, due to speak about America, Australia, Asia, and the World Economy at the American Australian Association 2011 Annual Spring Lecture Lunch, in New York. Audience questions expected.

More in Australia Westpac Consumer Sentiment, Survey of about 1,200 consumers which asks respondents to rate the relative level of past and future economic conditions, employment, and climate for major purchases is due to be -2.4%.

For more on the Aussie, read the  AUD/USD forecast.

That’s it for today. Happy forex trading!

Event data credit:  Forex Factory

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