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We summarize this week New Home Sales in the US and Revised GDP in the UK are the major events this day. Here is an outlook on the market-movers awaiting us.

In the US, New Home Sales, number of new privet homes that were sold on the last month, is about to rise from 307K on January up to 316K now.

More in the US, Revised University of Michigan (UoM) Consumer Sentiment, composite index based consumers on survey to value the financial conditions, 72.5 points are due to remain similar to the last report. And similar change is expected in the Revised UoM Inflation Expectations with 3.2%.

Later in the US, John Williams, Federal Reserve Bank of San Francisco President is due to speak in New York.

Finally in the US, William Dudley, Federal Reserve Bank of New York President, is about to speak in New York.

In Canada, Mark Carney Bank of Canada (BOC) Governor); is about to speak in New York.

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

In Europe, German Final Gross Domestic Product (GDP) is due to remain -0.2% similar to the preceding quarterly.

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

In Great Britain, Revised Gross Domestic Product (GDP), the value of all goods and services produced by the economy over the last quarter, -0.2% is expected similar to the last report.

More in Great Britain, Prelim Business Investment, value of businesses and government’s capital investments change over the last quarter, decrease is predicted from 0.3% down to -0.4% this time.

Finally in Great Britain, Index of Services, private and government services sectors Gross Value Added (GVA) change on the last month is due to rise up to 0.2%.

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

That’s it for today.

Happy forex trading!

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