We start the week with several interesting speeches in the US and Producer Price Index in Europe the main highlight on today’s outlook. Let’s see what awaits us today.
In the US, we anticipate some interesting speeches: Timothy Geithner, Secretary of the US Department of Treasury, Charles I. Plosser, President & Chief Executive Officer and also Richard W. Fisher, President of the Federal Reserve Bank of Dallas.
In Canada, Ivey Purchasing Managers Index comparing purchases of companies on a monthly base through a survey of 175 executives an indicator of economic growth and future trends. A positive growth with 60 points is now expected.
More in Canada, Building Permits, measuring the number of licenses for new building projects indicating future trends in the construction sector, is about to reduced significant with 24.2%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Producer Price Index (PPI) issued by the Eurostat measures changes in prices of finished products a good indicator of consumer inflation. Is expected to rise by 0.1% to 0.8% on the monthly report and reduce by0.1% to 6.6% on the yearly index..
More in Europe, Sentix Investor Confidence survey of 1600 monetary experts which shows the market view about the current financial situation and expectations, positive sign for the Euro with 8.6 points is expected now.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, BRC Retail Sales Monitor (British Retail Consortium), report of the major indicator of consumer spending, positive sign for the GBP with 2% is expected.
Read more about the Pound in the GBP/USD forecast.
In Australia, TD Securities Inflation by The University of Melbourne measuring the approximations inflation in the Australian economy. 0.3% is now expected.
More in Australia, The National Australia Bank’s Business Conditions (NAB ´s) measuring the trading, success and employ conditions in Australia. It serves as an indicator of overall financial situation in the short term. 7 points is expected now.
Later in Australia, AiG Performance of Construction Index, monthly survey of 120 manufacturers to measures the conditions on the short and medium term in the construction market, the Australian Industry Group 37.9 points are expected now.
Finally in Australia, ANZ Job Advertisements (Australia and New Zealand Banking Group), indicator for employment growth and measuring the major media job ads. 1% is now forecasted.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today. Happy forex trading!
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