Australian CPI, NBNZ Business Confidence and US CB Consumer Confidence are the highlights. Let’s see what awaits us today.
In the US, Consumer Confidence Index, based on a survey of consumers inquiring about economic activity a major indicator of economic strength has declined to 63.4 in March below expectations for 66. A small rise is expected now.
Later in the US, Richmond Fed Manufacturing Index, a regional marker evaluates manufacturing conditions for the Richmond Fed District indicating industrial activity and inflation declined 5 points in March reaching 20. The same figure is expected now.
For more on USD/CAD, read the Canadian dollar forecast.
In Switzerland, UBS Consumption Indicator measuring consumer spending using five specific indicators and an indicator of economic strength decreased to 1.46 in February from 1.66 in the prior month. A similar figure is predicted.
More in Switzerland, Trade Balance, measuring the difference between the value of import and export. A positive figure indicated a trade surplus while a negative one shows a trade deficit. Trade Balance surplus widened to 2.486B in February. A small decrease is expected.
In Australia, CPI (Consumer price index) measures the cost of living by comparing basket of goods and services including volatile components, gained 0.4% in the first quarter while 0.8% increase was expected. On a Yearly base the index rose 2.7%. CPI is likely to increase to a higher figure.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Business Confidence a monthly marker of New Zealand business confidence based on a survey of businesses asking about their outlook for the next 12 months, a strong early indicator of future economic conditions plunged sharply to -8.7 from 34.5 in February. A further decline is expected.
In Japan, Retail Trade measuring the value of goods and services sold by manufacturers providing a major gauge of consumption and consumer confidence. Gained 0.8% in February above expectations for 0.5% increase and after 4.1% climb the month before. A decline is expected now.
That’s it for today. Happy forex trading!
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