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Existing Home Sales in the US and MPC Meeting Minutes in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Existing Home Sales, the residential buildings that were sold on the last month (without new construction), rise is expected from 4.61M on January up to 4.67M.

More in the US, Crude Oil Inventories, weekly measurement to value the number of crude oil barrels held in inventory, due to remain -0.2M.

In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), monthly index based on manufactures survey to value the purchasing managers industry, about to rise up by 0.8 points to 49.3 points. Similer rise is expected in the French Flash Manufacturing PMI up to 48.7 and rise of 1 point in the German Flash Manufacturing PMI to 51.1 points.

More in Europe, Flash Services Purchasing Managers’ Index (PMI), monthly index based on services industry survey to rate the managers purchasing, due to rise up by 0.3 points to 50.7, reduce from 52.3 points down to 51.9 on the French Flash Services PMI, and a similar decrease is expected in the German Flash Services PMI down to 53.6 points.

Later in Europe, Industrial New Orders, value the change in the manufacturers purchase new orders placed over the previous month, rise is predicted from -1.2% on January up to 0.6% now.

Also in Europe, Belgium National Bank of Belgium (NBB) Business Climate, monthly survey to rate the existing business conditions and prospects for the next 6 months, due to rise up by 1.6 points but still indicates worsening conditions with -7.9 points.

Finally in Europe, French Consumer Price Index (CPI); is due to drop down by 0.1% to 0.3% this month.

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

In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, the full record of the BOE MPC’s latest meeting, providing visions into the monetary conditions that influenced the interest rates setting, and present future outcome clues of votes, no change from the time is expected.

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

In Australia, Wage Price Index, important quarterly consumer inflation indicator to value the, businesses and government price change for labor (not including bonuses), rise of 0.1% is predicted up to 0.8%.

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

In New Zealand, Credit Card Spending is due to remain 5.8% similar to January.

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

That’s it for today.

Happy forex trading!

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