In the US Unemployment Claims and GfK Consumer Confidence in the UK are the major market-movers. Let see what awaits us today.
Jackson Hole Symposium – Day 1, Annually Economic Symposium that is held in Jackson Hole, Wyoming, for central bankers, finance ministers, academics, and financial market participants from around the world. It also can create significant market volatility.
In the US, Unemployment Claims, weekly report to value the individuals who filed for unemployment insurance for the first time, reduce of 2K is due from the last time.
Later in the US, Core Personal Consumption Expenditures (PCE) Price Index, value the consumer’s price change of goods and services (not including food and energy), 0.1% is expected now from 0.2% on July.
Finally in the US, Personal Spending, value of all expenditures by consumers, rise is forecasted up to 0.4% from July.
In Canada, Current Account, Value the difference between imported and exported goods, services and current transfers, further reduce is likely from -10.3B on the previous quarter down to -15.1B now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Unemployment Change, Shows the number of unemployed people on the last month; no change is likely and 7K is due to remain.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Net Lending to Individuals, the total value of new credit issued to consumers, rise is likely from 0.3B on July up to 1.1B now.
Later in Great Britain, GfK Consumer Confidence, Monthly Consumers’ Survey to rate the level of historical and future monetary conditions and overall economic situation, is due to rise by 3 points to -26.
Read more about the Pound in the GBP/USD forecast.
In Australia, Building Approvals, Value the number of new building approvals that were issued over the last month, further reduce is expected from -2.5% on July down to -4.7% now.
Later in Australia, Private Capital Expenditure, measures the new capital expenditures made by private businesses, due to drop down from 6.1% on the last quarter to 3.1%.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, NBNZ Business Confidence, Monthly Survey to rate the economic outlook on the next 12-month, 15.1 points are likely to remain similar to the last time.
For more about the kiwi, see the NZD/USD forecast.
In Japan, JPY, Household Spending, value all expenditures by consumers, due to reduce by 0.3% down to 1.3% from the last month.
Later in Japan, Tokyo Core Consumer Price Index (CPI); the consumers price change of goods and services in Tokyo (without fresh food), -0.6% is due to remain similar to the last report.
Finally in Japan, Prelim Industrial Production, value of the manufacturers mines, and utilities output, rise is due from 0.4% on July up to 1.8% now.
Read more about the yen in the USD/JPY forecast.
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