CB Consumer Confidence in the US and CBI Realized Sales in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Durable Goods Orders, monthly production indicator to measure the new manufacturers’ purchase orders for durable goods due to decreases down by 3.6% from January to -0.6%. And similar is expected in the Core Durable Goods Orders (without transportation items), down by 2.2% from the last month.
More in the US, The Conference Board (CB) Consumer Confidence, Monthly Survey of to rate the existing and coming monetary conditions such as labor availability and overall economic situation, rise of 2.1 points is expected up to 63.2 points.
Later in the US, Standard & Poor’s (S&P) / Case-Shiller (CS) S&P/CS Composite-20 House Price Index (HPI); housing industry’s important indicator to value the selling price in 20 metropolitan areas, about to rise up from -3.7% on January to -3.6% now.
Also in the US, Elizabeth Duke, Federal Reserve Governor, is about to speaks in Washington DC.
Finally in the US, Richmond Manufacturing Index is due to drop down by 1 point from the last month survey down to 11 points.
In Europe, GfK German Consumer Climate, Monthly Consumer Spending Survey to rate the main purchases, and overall financial situation, rise of 0.2 points from January is predicted up to 6.1 points this time.
More in Europe, German Prelim Consumer Price Index (CPI), can influence on the overall inflation and value the consumer’s price change of goods and services over the last month, rise is likely from -0.4% on January up to 0.5% this time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Confederation of British Industry (CBI) Realized Sales, Monthly Survey that measures the current sales, -15 points are forecasted and indicates lower sales volume from the -22 points on January.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Thomas Jordan, Swiss National Bank (SNB), Governing Board Interim Chairman is about to lecture in Zurich.
More in Switzerland, Employment Level, consumer spending important indicator that value the employed people over the past quarter, rise is estimated from 4.02M on the previous report up to 4.03M now.
Finally in Switzerland, UBS Consumption Indicator, composite index based on 5 monetary indicators, due to remain 0.92 points similar to the previous time.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Building Consents, upcoming construction activity gauge that measures the number of new building approvals that were issued on the last month, 2.1% is foretold similar the last month report.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Prelim Industrial Production, value the manufacturers and mines’ of output production, due to decrease from 3.8 on January down to 1.6% now.
More in Japan, Manufacturing Purchasing Managers’ Index (PMI) is about to indicates industry expansion with 50.7 points like on the previous report.
Read more about the yen in the USD/JPY forecast.
That’s it for today.
Happy forex trading!
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