We end this week with TIC Long-Term Purchases in the US and ECOFIN Meetings in Europe as the major events this day. Here is an outlook on the market-movers awaiting us.
In the US, Prelim University of Michigan (UoM) Consumer Sentiment, Survey (around 500 consumers) to value the present and upcoming financial conditions, expected to rise from 55.7 points on August to 56.4 points this time. Meanwhile the Prelim UoM Inflation Expectations is forecasted to remain 3.5%, similar to August report.
Later in the US, Treasury International Capital (TIC) Long-Term Purchases, the change in value from the Long-Term Purchases of the US citizens newcomers over the last month, rise from 3.7B on August to 27.3B this time is anticipated.
In Canada, Foreign Securities Purchases, All value of the local shares & bonds that are bought by immigrants on the passing month, about to remain with no change from August -3.46B.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings that affect the economic health as the largest economic decision making body.
More in Europe, Current Account, it’s linked directly to the Currency demand, monthly report to measure the change between imported and exported goods & one-sided transfers during the previous month, rise from -7.4B on August to -5.6B is likely.
Finally in Europe, Trade Balance is due to rise up to 1.7B.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, George Osborne, Chancellor of the Exchequer is expected to deliver a speech in Manchester.
Read more about the Pound in the GBP/USD forecast.
For more events later in the week, check out the Live Forex Calendar
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