Employment Cost Index in the US and Consumer Spending in Europe are the major events this day. Here is an outlook on the market-movers awaiting us.
In theUS, Revised University of Michigan (UoM) Consumer Sentiment, consumer’s survey to value the present and upcoming financial conditions over the last month, a rise from 57.5 points on September up to 58.2 points this time is likely. Meanwhile the Revised UoM Inflation Expectations is expected to remain 3.2% similar to the previous report.
Later in theUS, Personal Spending, value monthly the consumer’s expenses is due to rise from 0.2% on September up to 0.6%. And on the Personal Income rise of 0.5% is predicted up to 0.4% this time.
More in theUS, Employment Cost Index, businesses prices that the government pays resident labor; a drop of 0.1% is likely down to 0.6%.
Finally in theUS, Core PCE Price Index, consumers goods and services (without food and energy), is likely to remain 0.1% this month as well.
InEurope, French Consumer Spending, measures the change in all consumers goods, expected to drope down to 0.1%.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Housing Equity Withdrawal is expected to additional decrease down to -5.9B, from the last quarter.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, KOF Economic Barometer, index built on 12 financial indicators is about to reduce down to 1.01 points from 1.21 points on September.
Read more about the Swiss franc in the USD/CHF forecast.
For more events later in the week, check out the Live Forex Calendar
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