We start the week with some interesting new in the USA, Core PCE Price Index; Personal Spending & Income are some of the main highlight on today’s outlook. Let’s see what awaits us today.
In the US, Personal Spending, important financial indicator that measures the amount of customer spending on the past month, further reduce from 0.4% on May to 0.2% this month is expected. Meanwhile the Personal Income is likely to 0.4%, similar to last month.
Later in the US, Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis is about to deliver a speech in Montana.
Finally in the US, Core Personal Consumption Expenditures (PCE) Price Index, measures the cost of services and goods (not including energy and food) that are paid by individual, is likely to remain 0.2% like on May.
In New Zealand, Trade Balance, measuring the price of export and. Import to determine trade surplus or deficit, is about to droop down by 113 million on May to 1000 million this time.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Retail Sales, measuring the price of Sales and a major indicator of consumer spending, a rise from -4.8% on May to -2.3% this time is expected.
Read more about the yen in the USD/JPY forecast.
Trade well
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