We start the week with some interesting events such as Retail Sales and Mortgage Delinquencies in the US, Mortgage Delinquencies in the UK and much more. .Let’s see what awaits us today.
In the US, Retail Sales, the earliest and broadest look at vital consumer spending data is about to rise by 1% while the Core Retail Sales (excluding automobiles) remains 0.4% like on the previous month. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity
Later in the US, Empire State Manufacturing Index, Monthly Survey of about 200 manufacturers in New York State to rate the relative level of general business conditions will reduce by 1.8 points and still indicates improving conditions.
More in the US, Business Inventories, goods held in inventory by manufacturers, wholesalers, and retailers will remain 0.6% like on the previous month.
Finally in the US, Mortgage Delinquencies, Mortgage Bankers Association (MBA) mortgages which were at least one payment late during the previous quarter is 9.85% similar to the previous quarter.
In Canada, New Motor Vehicle Sales, new cars and trucks sold domestically is about to rise by 8% and consumers are confident in their future financial position and feel comfortable spending money.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Trade Balance, value between imported and exported goods and services during the reported month is about to rise by 2.7 B and indicates that more goods and services were exported than imported.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Great Britain, Rightmove House Price Index (HPI), UK’s earliest report on housing inflation is 3.1% like on the previous month. Rising house prices attract investors and spur industry activity.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Producer Price Index (PPI), price of goods and raw materials purchased by manufacturers is about to reduce by 0.1%.
In Australia, Monetary Policy Meeting Minutes, the Reserve Bank of Australia (RBA) Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
More in Australia, New Motor Vehicle Sales, new cars and trucks sold domestically is 0.9% similar to the previous month. Shows that consumers are confident in their future financial position.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Retail Sales, value of sales at the retail level is about to rise by 1.1% and the Core Retail Sales (excluding automobiles) is about to rise by 1.7%. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
In Japan, Prelim Gross Domestic Product (GDP) is about to rise by 0.2% and the Prelim GDP Price Index (all goods and services included in GDP) is about to rise 0.2%. It’s the broadest measure of economic activity and the primary gauge of the economy’s health.
Later in Japan, Tertiary Industry Activity, value of services purchased by businesses is about to reduce by 0.2% and can be an early signal of future economic activity
That’s it for today. Happy forex trading!
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