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We begin the week with GDP  in Canada and Personal Spending in the US as the main highlights on today’s outlook. Let’s see what awaits us today.

In the US, Personal Spending, value consumer’s expenditures, due to drop down from 0.8% on March to 0.5% now. Meanwhile rise of 0.1% is predicted on the Personal Income up to 0.3% this month.

Later in the US, Chicago Purchasing Managers’ Index (PMI), Monthly Survey in Chicago to vale the business conditions such as employment, new orders, supplier deliveries, and inventories, indicates expansion with 60.9 points, reduce from 62.2 points on March.

Finally in the US, Core Personal Consumption Expenditures (PCE) Price Index, measures the consumer’s price change of goods and services (without food and energy), rise from 0.1% on the last month up to 0.2% is likely.

In Canada, Gross Domestic Product (GDP); the biggest economic activity measurement and the main indicator of the economy’s health; is about to rise by 0.1% from March up to 0.2%.

Later in Canada, Timothy Lane, Bank of Canada (BOC) Deputy Governor, is due to speak  in Ottawa.

Later on in Canada, Raw Materials Price Index (RMPI), value the manufacturer’s price change for raw materials, due to rise up from -0.5% on March up to 0.5% this time.

Finally in Canada, Industrial Product Price Index (IPPI), the manufacturer’s price change for sold goods, about to rise by 0.1% from March up to 0.3%.

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

In Europe, German Retail Sales, it is the key consumer spending gauge to value the retail sales (not including   cars and gas stations), rise from -1.10% on March up to 0.70% now is predicted.

Later in Europe, M3 Money Supply, the domestic currency quantity that is circulation and deposited in banks, 2.80% is expected to remain as on March.

Later on in Europe, Consumer Price Index (CPI) Flash Estimate, value the price change goods and services purchased by consumers; reduce of 0.1% is likely from March down to 2.50%.

Finally in Europe, Private Loans, rise of 0.1% up to 0.80% from March is projected

For more on the Euro, read the  Euro to dollar forecast.

In Australia, Housing Industry Association (HIA) New Home Sales, value the newly constructed homes that were sold over the last month, 3.00% is likely to remain as in March.

Later in Australia, Private Sector Credit, value the new consumer’s credit issued on March, reduce is predicted by 0.1% down to 0.3% this time.

In Australia, Melbourne Institute (MI) Inflation Gauge, measures the consumer’s price change for goods and services, 0.50% is likely with no change from March.

Finally in Australia, AIG Manufacturing Index is due to remain 49.5 points similar to the last month survey.

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

In New Zealand, NBNZ Business Confidence, Survey to rate the 12-month financial outlook over the passing month, 33.8 is due to remain similar to the last time.

Later in New Zealand, Building Consents, future construction activity measurement to value the number of new building approvals that were issued on the last month, -6.70% is likely to remain similar to March report.

More in New Zealand,   Trade Balance, value the difference between imported and exported goods, more goods are expected to be exported than imported with 420M now, 259M more then on March.

Finally in New Zealand, Labor Cost Index, consumer inflation quarterly value to measure the price businesses pay for labor (not including overtime), drop of 0.1% from March is expected down to 0.6%.

For more about the kiwi, see the NZD/USD forecast.

Trade well