Consumer Credit Change in the US and BRC Shop Price Index in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Consumer Credit Change, measuring the volume of money that individuals lent. Shows if consumers can afford large expenses, and encourage economic growth or overheating, a positive forecast for the USD is expected now with 5 billion.
Later in the US, Ben S. Bernanke, Chairman of the Board of Governors of the Federal Reserve System is about to deliver a speech.
More in the US, Dennis P. Lockhart, President of the Federal Reserve Bank of Atlanta is about to deliver a speech.
Finally in the US, The IBD / TIPP Economic Optimism Index, Survey of 1000 released by The Investor’s Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), for measuring the sentiment of buyers related to economic conditions, indicates pessimism with 42 points.
In Europe, Factory orders, measuring the long-lasting orders in the manufacturing level and affects the inflation is expected to reduce to 2%.
More in Europe, Retail Sales, report major indicator of consumer spending, rise to 0.3% is expected now.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, BRC Shop Price Index, British Retail Consortium report that measures the change in current retail price in UK. 2.4% is expected.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Consumer Price Index (CPI) measures the cost of living by comparing basket of goods and services including volatile components, is likely to reduce to -0.1%.
In Australia, RBA Interest Rate Decision announced by the Reserve Bank of Australia, it affects the exchange rate and it’s about to remain 4.75%.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Trade Balance measuring the difference between the value of import and export. Shows a trade deficit with -379 billion.
More in Japan, Current Account, net flow of current businesses, services, goods and interest costs in Japan266 billion is expected now.
Finally in Japan, Money Supply M2, measures the entire amount of currency circulating in the country an indicator of inflation. Is about to remain 2.7%
That’s it for today. Happy forex trading!
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