We end this week with Prelim UoM Consumer Sentiment in the Us and CPI in Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Prelim University of Michigan (UoM) Consumer Sentiment, Economic Condition’s Monthly Survey, is about to rise up by 0.2 point from the last month to 72.5 points now.
Later in the Us, Prelim University of Michigan (UoM) Inflation Expectations, value by percentage the consumer’s expectation for goods and services price change on the next 12 months, 3.0% is likely.
Finally in the Us, CB Leading Index, that is based on 10 economic indicators, rise from -0.3% on July up to 0.2% now is forecasted.
In Canada, Consumer Price Index (CPI), value the price change of goods and services that are purchased by consumers on the past month, rise from -0.4% on July up to 0.2% now is likely also in the Core CPI (not including 8 most volatile items).
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Producer Price Index (PPI), manufacturer’s goods price change, due to rise from-0.4% on July up to -0.4% now.
Later in Europe, Current Account, shows the difference between imported and exported goods and services, is about to reduce from 10.9B on the last month down to 7.8B
Finally in Europe, Trade Balance is due to reduce from 6.3B on July down to 5.4B now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Retail Sales, value all the sales at the retail level, 0.1% is likely similar to July’s report.
Read more about the Pound in the GBP/USD forecast.
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