After an exciting day and before another busy one, today’s calendar is rather light. British employment figures will stand out. Let’s see what’s up for today.
The Euro received good figures and managed to stabilize despite Greek troubles. No data is due today from Europe, but Greek news can always appear.
Australia’s MI Leading Index is expected to edge up once again, similar to last month’s 0.2% rise. At the time of writing, AUD/USD is bound by the 0.9327 resistance line.
For more on the Aussie, read the AUD/USD forecast.
In Britain,Claimant Count Change, which represents the number of unemployed people, is predicted to drop by 5,700, less than last month’s impressing drop of 32,300. This is a fresh figure – from March.
The unemployment rate for February, is the last report before the British elections. It’s predicted to remain at 7.8% for a fourth month in a row. Another related figure is the Average Earnings Index which will probably rise by 2.5%, stronger than last month’s 0.9% rise.
At the same time, 8:30 GMT, the British MPC Meeting Minutes will be released. This time, at the last release before the elections, no surprise is expected from the protocols.
For more on the Pound, read the GBP/USD forecast.
The Canadian dollar, which got a boost from the rate decision, will receive the Wholesale Sales figure today. After a rise of 3% last month, it’s predicted to rise by 1%.
For more on USD/CAD, read the Canadian dollar forecast.
Ben Bernanke will make another public appearance. He’ll speak at the event that will show the new $100 bill. Also in the US – Crude Oil Inventories are expected to rise by 0.1 million barrels.
Japan closes the day with its Trade Balance. A rise from 0.47 trillion to 0.66 trillion yen is expected in the deficit.
That’s it for today. Happy forex trading!
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