In the US Fed Chairman Bernanke Speaks and ECB Monthly Bulletin in Europe are the major market-movers. Let see what awaits us today.
In the US, Ben Bernanke, Federal Reserve Chairman is due to speak in Arlington.
More in the US, Unemployment Claims, the weekly number of unemployment insurance that was filed, due to rise from 358K up to 364K now.
Moreover in the US, Producer Price Index (PPI), measures the producers’ price change of finished goods and services over the last month, rise is predicted from -0.1% on January up to 0.3% now. While on the Core PPI (without food and energy) reduce is due from 0.3% on January down to 0.1%.
Later in the US, Building Permits, outstanding gauge of future construction activity to value the new residential building permits from the last month, rise is expected from 0.67M on the last month up to 0.68M this time.
Later on in the US, Philly Fed Manufacturing Index, and Monthly Manufacturers’ Survey to rate the general business conditions, due to rise up from 7.3 points on January to 9.0 points.
Also in the US, Housing Starts, the new residential buildings that began building during the last month, about to rise up by 0.2M from January up to 0.68M now.
Finally in the US, Mortgage Delinquencies, value by Percentage the Mortgage Bankers Association (MBA) mortgages late payments on the previous quarter, 7.99% is predicted similar to the last report.
In Canada, Manufacturing Sales, measures the manufacturers’ change Value over the previous month, due to drop down from 2.0% on January to 1.0%.
More in Canada, Foreign Securities Purchases, it is a monthly measurement for foreigner’s purchase of domestic stocks and bonds, due to drop down from 14.99B to 7.98B this month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Central Bank (ECB) Monthly Bulletin, it is the ECB Governing Board evaluation regarding the interest rate decision and offers the bank’s viewpoint of current and future financial conditions.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Nationwide Consumer Confidence, monthly survey to rate the present and coming monetary conditions, due to rise by 2 points up to 40 points.
Read more about the Pound in the GBP/USD forecast.
In Australia, Employment Change, number of employed people on the last month, due to rise up from -29.3K on January to 10.5K now.
Later in Australia, Unemployment Rate, value by percentage the unemployed that are looking for jobs, rise on 0.1% is expected this month up to 5.3%.
Finally in Australia, Melbourne Institute (MI) Inflation Expectations, the consumers expected price change by percentage for the next 12 months, 2.8% is predicted with no change from the last repot.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard is due to speak in Auckland.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Monetary Policy Meeting Minutes, the Bank of Japan (BOJ) Policy Board’s meeting detailed record regarding the interest rates influencing decision and financial conditions.
Read more about the yen in the USD/JPY forecast.
That’s it for today.
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