Core Durable oods Orders and German Ifo Business Climate are the main events today. Here is an outlook on the market-movers awaiting us.
In the US, Durable Goods Orders, monthly report to value the new manufacturer’s orders for durable goods, a rise to 2.1% from 19% on July is expected. Meanwhile on the Core Durable Goods Orders (not including transportation items) reduce from 0.4% on July to -0.2% is likely.
Later in the US, Crude Oil Inventories, weekly measurement for the crude oil barrels in inventory, no change from the last week is expected and 4.2M is forecasted.
Finally in the US, Office of Federal Housing Enterprise Oversight (OFHEO) House Price Index (HPI) reduce to 0.2% is expected.
In Canada, Tiff Macklem, Bank of Canada (BOCS) senior Deputy Governor is due to speech in Mumbai.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Information and Forschung (Ifo), Survey (around 7,000 businesses) to rate present business conditions and for the next 6 months, reduce to 111.3 points is predicted this time.
More in Europe, Industrial New Orders, new manufacturers’ orders on the past month, reduce of 3% from July to 0.6% now.
Finally in Europe, Belgium National Bank of Belgium (NBB) Business Climate, the total value of new manufacturers’ orders, further
reduce to -3.1 points is estimated.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Nationwide Consumer Confidence, Survey (1,000 consumers) to measure the relative level of present and upcoming financial conditions, reduce of 5 points from the last month and 46 points is forecasted.
Read more about the Pound in the GBP/USD forecast.
In Australia, Construction Work Done, expected to rise from 0.7% to 1.1% this month.
More in Australia, The Conference Board (CB) Leading Index, merged index based on 7 financial indicators, -0.1% is expected with no change from the previous time.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Retail Sales is expected to drop down from 0.9% to 0.6% this month and on the Core Reatail Sales (without automobiles and gas station) we forecast 0.7% with no change from the last time.
More in New Zealand, Food Price Index (FPI) 1.4% is expected this month.
For more about the kiwi, see the NZD/USD forecast.
Happy forex trading
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