Unemployment Claims and PPI in the US are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, measures the unemployment insurance that was filed on the last month, predicted to rise by 8K up to 389K
More in the US, Treasury International Capital (TIC), Long-Term Purchases, value the difference between foreign & US citizens securities, likely to drop down by 15.2B from November down to 53.4B now.
Moreover in the US, Producer Price Index (PPI); consumer inflation indicator to value the finished goods prices, rise is expected from -0.3% on November up to 0.3% this time. And on the Core PPI (not including food and energy) similar rise is expected up to 0.2%.
Later in the US, Philly Fed Manufacturing Index, Monthly Survey to value the general business conditions, expected to rise from 3.6 points o November up to 5.1 points on the coming report
Later on in the US, Empire State Manufacturing Index, is expects to reduce down to 3.1 points this month.
Also in the US, Current Account, quarterly report to value the difference between imported and exported goods, services etc., due to rise from -118B to -108B now.
Additional in the US, Capacity Utilization Rate, measures in percentage the resources that are available by manufacturers, rise of 0.1% is predicted up to 77.9% this month.
Additional in the US, Industrial Production, is due to reduce from 0.7% on November down to 0.3%.
Finally in the US,
In Canada, Capacity Utilization Rate, consumer inflation primary gauge, is likely to rise up by 0.5% from the last monthly report up to 78.9%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Central Bank (ECB) Monthly Bulletin, discloses the ECB Governing Board evaluation regarding the statistical data that influence the interest rate decision.
More in Europe, Consumer Price Index (CPI), value the consumer’s price change of services & goods over the last month, no change is expected and 0.3% is due to remain. Meanwhile the Core CPI is expected to rise by 0.1% up to 1.7% this time.
Moreover in Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey to value the commercial conditions such as employment, new orders, Inventories etc. in the manufacturing business expects to drop down by 0.3 points to 46.1 points, in France 47.1 points is expected and in Germany 47.6 points is predicted.
Additional in Europe, Flash Services Purchasing Managers’ Index (PMI), Monthly Survey to value the commercial conditions such as employment, new orders, Inventories etc. in the services business expects to drop down by 0.4 points to 47.1 points, in France 49.1 points is expected and in Germany 50.1 points is predicted.
Finally in Europe, Mario Draghi, European Central Bank (ECB) President, is due to speak in Berlin.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Retail Sales, key indicator of consumer spending that measures the sale’s change on the last month, about to drop down from 0.6% last month to -0.3%.
More in Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, is expected to further reduce down to-20 points from -19 points on the last month.
Finally in Great Britain, Consumer Inflation Expectations, 4.2% is expected with no change from the previous time.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Swiss National Bank (SNB) Monetary Policy Assessment is expected to take place, followed by the SNB Press Conference and no change is expected in the Libor Rate, 0.25% is forecasted.
More in Switzerland, Industrial Production, decrease is expected from 3.6% down to -0.7%.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, New Motor Vehicle Sales, sign of consumer confidence that is expects to remain 1.1% similar to November.
More in Australia, Melbourne Institute (MI) Inflation Expectations due to remain 2.5% like on the last report.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today.
Happy forex trading!