We summarize this week with CPI in the US and Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Consumer Price Index (CPI), value the consumers’ price change of goods and services over the previous month, due to rise up to 0.3%. And on the Core CPI (not including food and energy) similar rise is expected from 0.1% on January up to 0.3% now
More in the US, The Conference Board (CB) Leading Index, is due to rise up by 0.2% to 0.6% this month.
In Canada, Consumer Price Index (CPI), measures the goods and services consumers’ price change on the passing month, rise is expected from -0.6% up to 0.3%. And on the Core CPI (without food and energy) also rise is predicted from -0.5%on January up to 0.1% on this month.
More in Canada, Leading Index, monthly composite index that is based on 10 financial indicators, reduce is expected by 0.2% down to 0.6% from January.
Finally in Canada, Bank of Canada (BOC), Review is due this quarter.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Current Account, measures the different value between imported and exported goods, services and more, is due to rise up from -1.8B on January up to 2.3B this time.
More in Europe, German Producer Price Index (PPI), rate the manufacturer’s goods price change, rise of 0.8% is forecasted this month up to 0.4%.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Retail Sales is due to decreases from 0.6% on January down to 0.3% this month.
Read more about the Pound in the GBP/USD forecast.
That’s it for today.
For more events later in the week, check out the Live Forex Calendar