Construction PMI in the UK and BOC Rate Statement in Canada are the main events lined up. Let’s see what awaits us today.
In the US, Daniel Tarullo, Federal Reserve Governor is due to deliver a speech in Washington DC.
In Canada, Bank of Canada (BOC) Rate Statement, very important BOC tool to communicate with investors regarding the financial policy and discusses the economic outlook of future decisions. While the Overnight Rate due to remain 1.00% with no change from the last time.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings, value the economic policies of the 27 member states regarding Eurozone’s economic health.
Later i Europe, Producer Price Index (PPI), value the producers’ price change of finished goods and services reduce of 0.2% is due now from October.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Services Purchasing Managers’ Index (PMI); Monthly Survey to calculate the business conditions such as production, prices, supplier deliveries and inventories, rise up to 51.1 points from 50.6 points is likely.
Late in Great Britain, Autumn Forecast Statement value the domestic government spending and borrowing levels.
Also in Great Britain, Halifax House Price Index (HPI), shows the price change of homes financed by Halifax Bank of Scotland (HBOS), rise up to 0.2% is calculated now from -0.7% on November.
Finlay in Great Britain, BRC Shop Price Index is likely to remain 1.5% similar to the last month.
Read more about the Pound in the GBP/USD forecast.
In Australia, Reserve Bank of Australia (RBA) Rate Statement, primary RBA too for communicating with investors regarding financial policy and discusses the economic outlook future decisions; while on the Cash Rate reduce is likely down to 3.00% now from 3.25% on November.
Later on in Australia, Building Approvals, measures the new building approvals issued over the past month, reduce down to -1.8% is expected now from 7.8% on the last time.
More in Australia, Current Account, quarterly indicator to value between imported and exported goods, services, and unilateral transfer; -14.7B is forecasted now from -11.8B on the last report.
Finally in Australia, AIG Services Index with 42.8 points like on November.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, ANZ Commodity Prices, value the Change in the global price change of exported commodities. 1.3% is likely with no change from November.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Average Cash Earnings, Monthly report to show the employment income collected by workers; rise up to 0.4% is predicted now from -0.5% on the last time.
Read more about the yen in the USD/JPY forecast.
Trade well
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