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Public Sector Net Borrowing in the UK and Retail Sales in Canada are the main events lined up.  Let’s see what awaits us today.

In Canada, Retail Sales, key gauge of consumer spending is about to reduce from 0.3% down to -0.2%,. Meanwhile the Core Retail Sales (excluding automobiles) is due to remain 0.3% similar to the last month report.

More in Canada, Wholesale Sales, consumer spending important indicator due to rise from -0.4% on January up to 0.6% this time.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, Consumer Confidence, monthly index based on consumers’ survey due to rise by 1 point but still indicates pessimism with -20 points this time.

For more on the Euro, read the  Euro to dollar forecast.                                                                              

In Great Britain, Public Sector Net Borrowing, value the difference between public corporations, central and local government spending and income over the prior month, due to indicates a surplus with a reduce from 10.8B on January down to -8.9B.

Read more about the Pound in the  GBP/USD forecast.

In Switzerland, Trade Balance, measures the difference in between imported and exported goods on the last month, is due to drop down from 2.07B on January to 1.95B this time.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, Monetary Policy Meeting Minutes, full record of the Reserve Bank of Australia (RBA) Reserve Bank Board’s last meeting, provides visions into the financial conditions and decision regarding the interest rates.

More in Australia, Glenn Stevens, Reserve Bank of Australia (RBA) Governor is due to lecture in Sydney.

Later in Australia, The Conference Board (CB)Leading Index, composite index based on 7 monetary indicators, is due to remain -0.3% similar to the last month report.

Finally in Australia, Melbourne Institute (MI) Leading Index, composite index based on 9 financial indicators, -0.2% is expected like on the last month.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, Inflation Expectations, the expected price change of goods and services by percentage over the next 2 years 2.8% is predicted similar to the last quarterly report.

For more about the kiwi, see the NZD/USD forecast.

In Japan, All Industries Activity is due to rise from -1.1% on January up to 1.6% now.

Read more about the yen in the USD/JPY forecast.

That’s it for today.

Happy forex trading!

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