Search ForexCrunch

Existing Home Sales in the US and MPC Meeting Minutes in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Existing Home Sales, monthly report to value the inhabited houses that were sold on the last month (the previous month (not including new building), rise from 4.97M on November up to 5.04M is predicted now.

More in the US, Crude Oil Inventories, weekly report that can influence the inflation and measures the crude oil barrels in inventory, expects to remain -1.9M similar to the last time.

Finally in the US, Treasury Currency Report offers detailed analysis of worldwide exchange rate policies, financial conditions and government movements.  Also affects the currency manipulators.

In Canada, Retail Sales, consumer spending primary indicator to value the retail level sales, is expected to rise from 1.0% on November up to 0.4%. Meanwhile the Core Retail Sales (without cars) dropped down to 0.3% from 0.5% on the last report.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, Belgium National Bank of Belgium (NBB) Business Climate, Monthly Survey to rate the commercial conditions and expectations on the next 6-months, about to increase up to -11.8 points from -12.2 points on November.

More in Europe, Consumer Confidence is due to further reduce by  1 points from the last monthly survey doen to -21 points this month.

Finally in Europe, German Import Prices is due to increase up to 0.6% from -0.3% on the last month.

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

In Great Britain, Policy Committee (MPC) Meeting Minutes, full record of the Bank of England (BOE) MPC’s latest   meeting, to show the influences financial conditions regarding the interest rates and future votes outcome,  no change from the last months is forecasted.

More in Great Britain, Public Sector Net Borrowing, value the difference between public company’s and government’s income & spending on the last month, due to rise up from 3.4B on November up to 15.5B this time.

Finally in Great Britain GfK Consumer Confidence, is a Monthly Survey to value the major purchase of personal & overall monetary situations.

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

In New Zealand, Gross Domestic Product (GDP); quarterly measurement to value all goods and services produced by the budget, due to remain 0.1% similar to the previous report.

More in New Zealand, Credit Card Spending is about to remain 7.9% similar to November.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Monetary Policy Statement, BOJ use it to connect with investors about financial policy.  it is followed by the Bank of Japan (BOJ) Press Conference and no change is expected in the Overnight Call Rate 0.10%.

Read more about the yen in the USD/JPY forecast.

That’s it for today.

Happy forex trading!

Expert score


Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.