The end of this short forex week includes Swiss Retail Sales, Canada’s CPI and the Prelim UoM Consumer Sentiment. Also note some important speeches. Lets’ see what’s up today.
Just as the day starts, Federal Reserve Bank of San Francisco President Janet Yellen will speak. Audience questions can trigger interesting statements.
Australian Import Prices are expected to drop by 0.4%, after jumping by 10.8% last quarter.
Jean-Claude Trichet will speak in Japan, and might hint about the next interest rate cuts. Later in Europe, Trade Balance is estimated to show a deficit of 4.7B.
In Switzerland, Retail Sales are predicted to fall by 0.2% (annually adjusted). SNB Governing Board Chairman Jean-Pierre Roth will speak today and might shed some light on the central bank’s next moves.
It’s Canada’s turn to publish CPI figures: monthly CPI is expected to rise by 0.3%, and Core CPI by 0.2%. These are low figures, and also lower than last month.
In the US, Prelim UoM Consumer Sentiment is expected to keep on rising, from 57.3 to 58.4. The University of Michigan is published a good indicator to know where the wind is blowing. Also note the Prelim UoM Inflation Expectations.
Just before the week closes, at 16:30 GMT, Fed Chairman Ben Bernanke will speak about “Challenges Presented by Innovations in Financial Services for the Under served”. He can move the markets.
Happy Forex Trading!
Share
