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Retail Sales in the US and ZEW Economic Sentiment in Europe are the main events lined up.  Let’s see what awaits us today.

In the US, Retail Sales, key measurement for consumer spending, due to rise up by 0.1% to 0.6% this month, while the Core Retail Sales (not including cars) is predicted to decreased by 0.1% down to 0.5%.

More in the US, FOMC Statement, one of the key tools the FOMC use to connect with to stockholders regarding the monetary policy, and also affect the financial outlook. On the Federal Funds Rate no change is expected from the past months, 0.25% is about to remain.

Later in the US, Business Inventories, indicator of upcoming business spending that value manufacturer’s inventory of goods, rise up to 0.5% this month is forecasted.

Finally in the US, Investor’s Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) Economic Optimism, rise up to 42.5 points is expected this month.

In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Monthly Survey to rate the Eurozone financial view over the past 6-month, expect to drop down to -60.3 from -59.1 on November. And on the German ZEW Economic Sentiment reduce down to -55.7 from -55.2 on November.

Finally in Europe, French Consumer Price Index (CPI); is about to rise up by 0.1% from the last month to 0.3%.

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

In Great Britain, Consumer Price Index (CPI); main indicator for overall inflation that measures the goods and services prices, expect to reduce by 0.2% from November down to 4.8%, on the Core CPI 3.3% is expected similar to the previous time. And on the Retail Price Index (RPI), a drop of 0.3% is predicted down to 5.1%.

More in Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, top indicator of housing inflation, due to drop down by 1% to -25%.

Finally in Great Britain, Department for Communities and Local Government (DCLG) House Price Index (HPI), is expected to rise up to -0.9%.

Read more about the Pound in the  GBP/USD forecast.

In Switzerland, State Secretariat for Economic Affairs (SECO) Economic Forecasts, the government’s skill for core issues and financial policy.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, National Australia Bank (NAB) Business Confidence, Survey to value the present business conditions, 2 points are predicted with no change from the last month.

More in Australia, Westpac Consumer Sentiment, Survey to rate the previous and forthcoming financial conditions, due to remain 6.3% similar to the last report.

Finally in Australia, Housing starts due to rise up to -0.7%.

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

That’s it for today.

Happy forex trading!