MPC Meeting Minutes in the UK and BOC Monetary Policy Report in Canada are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Crude Oil Inventories, value the commercial firms crude oil barrels that are held in inventory over the past week, reduce from 2.8M down to 1.6M is likely this time.
In Canada, Bank of Canada (BOC) Monetary Policy Report shows valuable insight on the economic conditions and inflation from the bank’s view and how it will shape the future monetary policy and interest rate decisions. It is preceded with BOC Press Conference
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Current Account, value the difference between imported and exported goods, services and unilateral transfers on the previous month, decrease of 0.4B is predicted down to 4.1B.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Claimant Count Change, value the people that are claiming for unemployment benefits on the last month, due to reduce from 7.2K on March down to 6.6K now.
More in Great Britain, Monetary Policy Committee (MPC ) Meeting Minutes, Bank of England (BOE) MPC members vote regarding the interest rates and monetary policy.
Moreover in Great Britain, Unemployment Rate, measures by percentage the unemployed that are actively seeking for jobs on the last 3 months, 8.4% is likely similar to the last report.
Later in Great Britain, Nationwide Consumer Confidence, Monthly consumer’s Survey to rate the existing and coming financial conditions; reduce of 2 points is expected down to 42 points.
Later on in Great Britain, Paul Tucker Bank of England (BOE) Deputy Governor, is due to speak in Liverpool.
Finally in Great Britain, Average Earnings Index due to be 1.3% similar to the last time month.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations, Survey to value Switzerland’s financial outlook for the last 6-month. No change is predicted this time.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Melbourne Institute (MI) Leading Index, value the level change of a composite index based on 9 financial gauges, 0.6% is likely with no change from the last month report.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Consumer Price Index (CPI), monthly consumer’s measurement for the price change of goods and services, due to rise up from -0.3% on March to 0.6%.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Trade Balance, measures the difference between imported and exported goods, is about to rise from -0.31T on March up to -0.43T this time.
More in Japan, Masaaki Shirakawa, Bank of Japan (BOJ) Governor is about to speak in New York
Read more about the yen in the USD/JPY forecast.
That’s it for today.
Happy forex trading!
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