Very interesting new on today’s outlook, CPI and Retail Sales in Canada and much more .Let’s see what awaits us today.
In the Canada, Consumer Price Index (CPI) goods and services purchased by consumers is about to droop down by 0.1%, Core CPI (excluding the 8 most volatile items) is about to droop down by 0.2%. Consumer prices account for a majority of overall inflation.
More in Canada, Retail Sales is about to droop down by 0.1%, while the Core Retail Sales is about to rise by 0.4%. Primary gauge of consumer spending, which accounts for the majority of overall economic activity.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, GfK German Consumer Climate, Survey of about 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation, is about to rise by 0.4 points.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, GfK Consumer Confidence, Survey of about 2,000 consumers to rate the relative level of past and future economic conditions. indicates pessimism with -21 points like on the previous month.
More in Great Britain, Public Sector Net Borrowing, spending and income for public corporations, the central government, and local governments during the previous month; is about to rise by 6.9B and indicates a budget deficit.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Trade Balance, imported and exported goods during the reported month is about to droop down by 0.22 B. Export demand and currency demand are directly linked.
In Australia, Monetary Policy Meeting Minutes, detailed record of the Reserve Bank of Australia (RBA)Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
More in Australia CB Leading Index, level of a composite index based on 7 economic indicators is due to by -0.1% similar to the previous one.
Finally in Australia, Melbourne Institute (MI) Leading Index, This index is designed to predict the direction of the economy. It measures the level of a composite index based on 9 economic indicators. Is about to be 0%.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Current Account, imported and exported goods, services, income flows, and unilateral transfers during the previous quarter; is about to reduce by 1.32B. directly linked to currency demand.
More in New Zealand, Credit Card Spending is about to be 4.6%, similar to the previous month. Correlated with consumer spending and confidence.
That’s it for today. Happy forex trading!Get the 5 most predictable currency pairs