Unemployment Claims in the US and SNB Monetary Policy Assessment in Switzerland are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly indicator to value the unemployment insurance that was filed for the first time, 370K is expected similar to the last time.
Later in the US, Producer Price Index (PPI), measures the producers price change of finished goods and services, -0.4% is calculated now from -0.2% on the last report on November. And on the Core PPI (without food and energy) 0.2% is due from -0.2% on the last time.
Later on in the US, Retail Sales, shows all the sales at the retail level, 0.4% is due now from -0.3% on November. While on the Core Retail Sales (not including cars) -0.1% is forecasted now.
Finally in the US, Business Inventories, measures all the manufacturers, wholesalers, and retailers goods that are held in inventory, 0.4% is likely now from 0.7% on the previous report.
In Canada, New Housing Price Index (NHPI), value the selling price change of new homes. Reduce of 0.1% is likely from the last month down to 0.1% now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Eurogroup Meetings, the economic policies of the 17 euro area member state when the decisions can affect the Eurozone’s monetary health.
Later in Europe, ECB Monthly Bulletin is due now.
Finally in Europe, EU Economic Summit (Day 1) is scheduled now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Confederation of British Industry (CBI), Industrial Order Expectations, Monthly Survey to rate the order volume expected on the next 3 months, -17 points are forecasted now from -21 points on November.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Swiss National Bank (SNB) Monetary Policy Assessment, SNB primary communication tool with investors on monetary policy and it projects the future rate decisions. It is followed by SNB Monetary Policy Assessment, SNB Press Conference. And no change is expected on the Libor Rate, 0.25%.
Later in Switzerland, State Secretariat for Economic Affairs (SECO) Economic Forecasts, Quarterly indicator that is due now with no change from the last report.
Finally in Switzerland, Producer Price Index (PPI); value the manufacturers’ price change of goods and raw materials, -0.3% is predicted now from -0.1% on November.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, MI Inflation Expectations, Monthly calculation by percentage for the consumers expect price for goods and services over the next 12 months, 2.2% is due similar to the last report.
Later in Australia, New Motor Vehicle Sales is due to remain -2.8% similar to November’s report.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Tankan Manufacturing Index, Survey to rate the general business conditions, -9 points are due now from -3 points on the last quarter. While on the Tankan Non-Manufacturing Index (excluding the manufacturing industry), 4 points are due now from 8 points on the last time.
Read more about the yen in the USD/JPY forecast.
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