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U.S. Federal Reserve Bank of Chicago President Charles Evans and Federal Reserve Governor Janet Yellen speeches are the main events today. Here is an outlook on the major market-movers ahead.

In the US, Federal Reserve Bank of Chicago President Charles Evans is due to speak at the Federal Reserve Bank’s “Risks & Resolutions – Creating a New Foundation for Risk Management” Conference, in Chicago. As a voting member at the FOMC his words may convey clues regarding future monetary Policy.

Later in the US, Federal Reserve Governor Janet Yellen is due to deliver a speech titled “Commodity Prices, the Economic Outlook, and Monetary Policy” at the Economic Club Luncheon, in New York. Since audience questions are expected clues regarding future monetary Policy may be revealed.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, French Industrial Production a leading indicator of economic health gained 1.0% in January above expectations for 0.6% increase. This followed a 0.2% rise in the previous month. Further rise of 0.5% is expected now.

Also in  Europe, Deutsche Bundesbank President Axel Weber is due to deliver a speech titled “The Role of Economic Policy after the Crisis,” in Bochum. As President and voting member of the ECB Governing Council his words may affect the market.

More in Europe, Italian Industrial Production plunged 1.5% in January contrary to predictions of 0.6% rise following 0.2% rise in the previous month. An increase of 1.4% is predicted.

For more on the Euro, read the  EUR/USD forecast

In Great Britain, British Retail Consortium Retail Sales Monitor; a leading government-released retail data dropped 0.4% in February following 2.3% gain in the prior month. A small increase is expected now.

Later in Great Britain, a leading indicator of housing inflation dropped more than expected by 26% after 31% plunge in January. Analysts expected 25% drop. Another decrease of 23% is expected now.

Read more about the Pound in the  GBP/USD forecast.

In Australia, NAB Business Confidence a leading indicator of economic health surged to 14 points in February following 4 in the previous month.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, REINZ House Price Index a leading indicator of the housing industry’s health gained 2.3% in February following2.6% drop in the previous month. Another increase is expected now.

In Japan, Monetary Policy Meeting Minutes a detailed record of the BOJ Policy Board’s meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. Its release may affect the market.

More in Japan, Core Machinery Orders a leading indicator of production surged 4.2% in January well above the 2.7% gain expected. A drop of 0.9% is predicted now.

That’s it for today. Happy forex trading!

Event data credit:  Forex Factory

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