Housing Starts in the US and Trade Balance in Europe are the main highlight on today’s outlook. Let’s see what awaits us today.
In Canada, Housing Starts, by the Canadian Mortgage and Housing Corporation that measures the amount of new buildings or homes that were built reduce of 5K is expected now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Industrial Confidence (Euro-zone) by Sentix GmbH, Measuring of industrial sector confidence in the Euro-zone based on a survey among industrial management asking about production expectations an indicator of economic conditions. A rise of 0.5% is expected now.
More in Europe, Trade Balance, measuring the difference between the value of import and export. A positive figure indicated a trade surplus while a negative one shows a trade deficit. Rise of 2.1 Billion is expected.
Also in Europe, Current Account, net flow of current businesses, services, goods and interest costs in Germany 8.9 Billion is expected like on the previous month.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, The RICS Housing Price Balance (Royal Institution of Chartered Surveyors), measuring the housing rates in presents. -0.22 is expected now.
More in Great Britain, BRC Retail Sales (British Retail Consortium), report of the major indicator of consumer spending, -3.5 is expected similar to the previous month.
Read more about the Pound in the GBP/USD forecast.
In Australia, ANZ Job Advertisements (Australia and New Zealand Banking Group), indicator for employment growth, measuring the major media job ads. 1.3% is expected, similar to the previous month.
.For more on the Aussie, read the AUD/USD forecast.
In Japan, Meeting Minutes releases the minutes from the last Monetary Policy Committee meeting where interest rate is set. The minutes provide the reasons leading to this decision
That’s it for today. Happy forex trading!
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