Manufacturing Production in the UK and BOC Rate Statement in Canada are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Beige Book, one of 3 books (Green, Blue & Beige) that the Federal Open Market Committee (FOMC) uses to decide on the next interest rates.
Later in the US, Charles Evans, Federal Reserve Bank of Chicago President, is due to deliver a speech in London.
In Canada, Bank of Canada (BOC) Rate Statement, key tool that the BOC uses regarding the monetary policy, economic conditions & outcome of future decisions.
More in Canada, Overnight Rate, 8 times per year valuation for the Short term interest rates, 1% is predicted this time with no change from the last one.
Finally in Canada, Ivey Purchasing Managers’ Index (PMI), monthly survey (175 selected managers) to value relative level of business conditions, rise of 1.3 points from the last time up to 46.7 points is forecasted.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Industrial Production, main valuation to the manufacturers output regarding mines & utilities; rise from -1.1% on August to 0.6% this time is expected.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Manufacturing Production, important and primary key to value the manufacturers output, a rise from -0.4% on August to 0.1% now is estimate.
More in Great Britain, National Institute of Economic and Social Research (NIESR), Gross Domestic Product (GDP) Estimate, due to remain 0.6% like on the August.
Finally in Britain, Industrial Production, with no change from August.
Read more about the Pound in the GBP/USD forecast.
In Australia, Gross Domestic Product (GDP), main quarterly measurement is about to rise from -1.2% on the last time to 1% now.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Manufacturing Sales, about to remain 2.9% like on the last quarter.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Core Machinery Orders, is about to reduce from 7.7% on August to -3.7% this month.
More in Japan, Leading Indicators, index that is based on 12 economic indicators is about to rise from 103.2% on August to 105.9% this time.
Later in Japan, Bank Lending is about to remain -0.5% similar to the previous report.
Finally in Japan, Current Account is about to slightly rise from 0.92T to 0.99T.
Read more about the yen in the USD/JPY forecast.
Happy forex trading