Pending Home Sales in the US and French Consumer Spending in Europe are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Pending Home Sales, value the homes under contract to be sold and still awaiting the closing transaction (not including new building), -0.3% is likely now from 5.2% on the last repot.
Later in the US, Chicago Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, supplier deliveries and inventories, rise up to 51.2 points is predicted now form 50.4 points on November.
Later on in the US, Crude Oil Inventories, the number commercial of crude oil barrels in inventory, due to remain similar to the last week -1.0M.
Finally in the US, Natural Gas Storage , the weekly amount of natural gas by cubic feet held in underground storage, -82B is calculated similar to the last time
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, French Consumer Spending value all goods expenditures by consumers, rise of 0.2% is likely now.
Later in Europe, Retail Raw Materials Price Index (RMPI), no change is due from the last month and 45.8 points are estimated this time.
For more on the Euro, read the Euro to dollar forecast.
In Japan, Average Cash Earnings, the value of employment income collected by workers, no change is due and -0.4% is about to remain.
Read more about the yen in the USD/JPY forecast.
For more events later in the week, check out the Live Forex Calendar
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