Today we have key events: FOMC Statement in the US and Construction PMI in the UK as the main highlights on today’s outlook. Let’s see what awaits us today.
In the US, FOMC Statement, the key tool that is used by the FOMC regarding monetary policy with investors, and regarding financial conditions for other policy measures. It also discusses the outcome of upcoming votes on monetary outlook.
More in the US, FOMC Press Conference discusses in detail the recent interest rate and other policy issues that are mostly affected.
More over in the US, Federal Funds Rate is due to remain 0.25% like on the previous months.
Later in the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change during the previous month is about to 102K from 91K on October.
Later on in the US, Crude Oil Inventories on the passing week is about to drop down from 4.7M to 1.4M now.
Finally in the US, Challenger Job Cuts, is due to remain 211.5% similar to October.
In Canada, Mark Carney, Bank of Canada (BOC) Governor is due to deliver a speech in Ottawa
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Unemployment Change, number of out of work people on the passing month, is due to rise from -26K on October up to -10K now.
Later in Europe, Final Manufacturing Purchasing Managers’ Index (PMI), monthly managers’ survey to value the business conditions such as employment, new orders, prices etc.is about to remain 47.3 points similar to October.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Construction Purchasing Managers’ Index (PMI), monthly managers’ survey to value the business conditions such as employment, prices, inventories etc. is predicted to remain 50.1 points like on the last month.
More in Great Britain, Paul Fisher, Bank of England (BOE) Executive Director, is expected to lecture in London.
Read more about the Pound in the GBP/USD forecast.
In Australia, Building Approvals, the number of approvals that were issued for new building on the last month is about to reduce down from 11.4% to -4.5% this time.
More in Australia, Australian Industry Group (AIG) Services Index that is based on monthly survey is due to remain 50.3 points like on October.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Unemployment Rate, value the total Percentage of unemployed that and actively looking for jobs on the last quarter, due to reduce by 0.1% down to 6.4 now. And the Employment Change is due to rise up to 0.6%.
For more about the kiwi, see the NZD/USD forecast.
That’s it for today.
Happy forex trading!
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