Unemployment Claims in US and Construction PMI in the UK are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, monthly indicator to value the unemployment insurance that was filed on the last week, is predicted to drop down from 377K to 373K this week.
More in the US, Ben Bernanke, Federal Reserve (Fed) Chairman is about to testifies in Washington DC
Later in the US, Prelim Nonfarm Productivity, value the labor efficiency for goods and services production (without the farming industry), focused to reduce by 1.3% down to 1% from the last month.
Later on in the US, Prelim Unit Labor Costs, important consumer inflation indicator, is due to rise up from -2.5% on December up to 0.9% now.
Also in the US, Challenger Job Cuts, measures the number of job cuts announced by employers, is due to remain 30.6%.
Finally in the US, Natural Gas Storage is about to remain -192B similar to the last week.
In Europe, Producer Price Index (PPI), value the producer’s price changes over finished goods and services, is due to reduce from 0.2% down to -0.1%.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Construction Purchasing Managers’ Index (PMI); Monthly Survey to rate the prices, supplier deliveries, and inventories over the last month, due to reduce from 53.2 points down to 52.8 points.
More in Great Britain, Adam Posen, External Bank of England (BOE) Monetary Policy Committee (MPC) Member is about to speak in London.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Trade Balance, value the difference between exported and imported goods on the reported month; reduce from 0.1K is expected down to 2.85B this month.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Trade Balance, value the difference between exported and imported goods on the reported month; drop down from 1.38B is expected down to 1.23B this month
More in Australia, Building Approvals, the number of new structure approvals issued over the last month, due to drop down from 8.4% to 2.3%.
Finally in Australia, Australian Industry Group (AIG) Services Index, Monthly Survey to rate the business conditions over the past month, due to remain 49 points that is similar to the previous month.
For more on the Aussie, read the AUD/USD forecast.
in New Zealand, Australia and New Zealand Banking Group (ANZ) Commodity Prices is due to remain -0.8% this month.
Later in New Zealand, Visitor Arrivals, is due to remain -11.6% similar to December.
For more about the kiwi, see the NZD/USD forecast.
That’s it for today.
Happy forex trading!
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