PPI in the US and Industrial Production in Europe are the major market-movers. Let see what awaits us today.
In the US, PPI (Producer Price Index) measures changes in prices of finished products a good indicator of consumer inflation. Rise of 1% is expected on the monthly report and of 1.5% on the yearly.. While the PPI excluded Food & Energy is about to reduce by 0.1% on the monthly report and rise by 0.2% on the yearly.
Later in the US, Retail Sales, A major indicator of consumer spending is expected to rise by 0.2% both in the monthly & yearly report.
More in the US, Unemployment Claims, a weekly report measuring the number of Americans filing new Unemployment Claims indicating the overall job market condition, 430 K is forecasted reduce of 44k from last report. Meanwhile while the Counting Unemployment Claims is expected to be 3.685 Million.
Also in the US, Business Inventories, monthly measurement of inventories changes in from manufacturers, sellers, and retailers, about to reduce by 0.4%.
Finally in the US, Charles I. Plosser, the Federal Reserve Bank of Philadelphia’s 10th president and chief executive officer, is due to deliver a speech.
In Canada, New Home Sales measuring the number of new houses sold including prices affecting mortgage rates, a major indicator of economic conditions. 0.3% is expected, diminution of 0.1%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, ECB Monthly Report (European Central Bank) issues the analysis of the central economic situation and the risks to stability value, and also offers wide range studies on the ECB.
More in Europe, Industrial Production, Measures changes of output in mining, manufacturing, construction and energy sectors in Europe, a strong indicator of industrial conditions. Is about to remain 0.4% on the monthly report and reduce to 6.3% on the yearly.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, NIESR GDP Estimate, (National Institute of Economic and Social Research). Measures the last 3 months value of all the goods and services produced within the UK. 0.7%, similar to the previous report, is expected.
More in Great Britain, Manufacturing Production, measuring the manufacturing productivity, and can affect the total GDP, rise to 0.3% is forecasted in the monthly report and reduction of 2.1% on the yearly.
Finally in Great Britain, Industrial Production, Measures changes of output in mining, manufacturing, construction and energy sectors in the UK a strong indicator of industrial conditions. 0.9% is expected on the monthly report and reduction of 1.3% in the yearly.
Read more about the Pound in the GBP/USD forecast.
In Australia, Unemployment Rate the percentage of people actively seeking employment and affects consumer spending an indicator of economic conditions is expected to remain 4.9% While the Employment Change that measure the number of working people in Australia is about to reduce by 20.4 K.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Retail Sales, Quarterly report, major indicator of consumer spending, is expected to remain -1.1% like on the previous time.
In Japan, Eco Watchers Survey (Cabinet Office), shows basic material for evaluating short-term financial trends in Japan.
That’s it for today. Happy forex trading!
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