U.S. Consumer Price Index and Retail sales, US, Consumer Sentiment and Federal Reserve Bank of Kansas President Thomas Hoenig’s speech in Nebraska are the major events closing another trading week. Here is an outlook on today’s market moving events. In the US, Consumer Price Index, the main measure of inflation and U.S. Retail Sales, an important measure of consumer spending expected to increase by 0.2% from a reading of -0.1% in the previous month. The U.S. retail sales are also forecasted to pick up by 0.5% m/m in July from -0.5% in June. More in the US, Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and outlook of the economy forecasted to further improve could resume with a reading of 69.4, up from 67.8 in the previous month. Later in the US, Federal Reserve Bank of Kansas President Thomas Hoenig delivers a speech titled “Too Big to Fail or Too Big to Succeed? Wall Street, Main Street and America’s Security” at the Mary Riempa Ross Media Center, in Nebraska. Likely to affect interest rates and provide info regarding future monetary policy. Finally in the US, Business Inventories expected 0.3% rise following 0.1% rise in May could indicate increased future business spending and Preliminary UoM Inflation Expectations reached 2.9% in June and is likely to rise similarly in July. In Canada, New Motor Vehicle Sales, a sign of consumer confidence, expected to climb 2.1% following 0.2% rise in the previous month. For more on USD/CAD, read the Canadian dollar forecast. In Europe, Gross Domestic Product, the main measure of economic activity and growth is expected to confirm expectations that the Euro-zone grew faster by 0.7% in Q2 2010 compared with the first quarter growth of 0.2% and the Flash GDP predicted 0.7% rise from 0.2% rise in the previous quarter More in Europe, French Preliminary Non-Farm Payrolls measuring the change in the number of employed people, excluding the farming industry and government is foreseen a 0.3% rise, 0.1% more than in the previous quarter and French Preliminary GDP the broadest measure of economic activity and the primary gauge of the economy’s health predicted 0.4% rise following a mere rise of 0.1% in the previous quarter. Finally in Europe, Trade Balance deficit expected to decrease to 2.3B from 3.0B in May. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis. In Switzerland, Producer Price Index expected to increase by 0.2% following an unpredicted dip of 0.4% returning to positive values. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next 3 Reasons Why Impressing Growth Fails to Cheer EUR/USD Yohay Elam 11 years U.S. Consumer Price Index and Retail sales, US, Consumer Sentiment and Federal Reserve Bank of Kansas President Thomas Hoenig's speech in Nebraska are the major events closing another trading week. Here is an outlook on today's market moving events. In the US, Consumer Price Index, the main measure of inflation and U.S. Retail Sales, an important measure of consumer spending expected to increase by 0.2% from a reading of -0.1% in the previous month. The U.S. retail sales are also forecasted to pick up by 0.5% m/m in July from -0.5% in June. More in the US, Consumer Sentiment, the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.