Total Vehicle sales in the US and PMI manufacturing in the UK are the main events today. Here is an outlook on the market-movers lined up.
In the US, Factory orders, measuring the long-lasting orders in the manufacturing level, is expected to rise by 1.4%, and affects the inflation.
Later in the US, Total Vehicle sales, measuring the total amount of vehicle sales in the U.S, 13 million is expected.
In Europe, PPI (Producer Price Index) issued by the Bureau of Statistics measures changes in prices of finished products a good indicator of consumer inflation. A small rise of 0.1% is expected in the monthly index and no change in the yearly.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, Purchasing Managers Index (PMI) Manufacturing shows positive growth for the GBP with 57.7 point.
Read more about the Pound in the GBP/USD forecast.
In Australia, RBA Interest Rate announced by the Federal Reserve Board of Governors, it affects the exchange rate and it’s about to remain 4.75%.positive for the Australia.
Also in Australia, Housing Industry Association (HIV) New Home Sales measuring the number of new houses sold including prices affecting mortgage rates. A major indicator of economic conditions is due to remain 0.6%.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today. Happy forex trading!
Share
