In the US FOMC Member Williams Speaks and Housing Starts in Canada are the main events today. Here is an outlook on the market-movers awaiting us today.
In the US, Crude Oil Inventories, the number of crude oil barrels in inventory over the last week, is about to remain 4.2M similar to the last week’s report.
In Canada, Housing Starts, value the new residential buildings that has started construction over the last month, about to drop down by 8K to 192K.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Trade Balance, measures the value between Export and currency demand for goods on the previous month, decrease is foreseen from 15.1B on January down to 14.1B now.
More in Europe, French Gov Budget Balance, the difference value between the government’s income and spending on the upcoming year, -97.2B is expected similar to the last report.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, British Retail Consortium (BRC) Shop Price Index expects to remain 1.7% like on the January.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Unemployment Rate should remain 3.1% like on the last monthly report.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Employment Change, value the modification in the number employment over the last quarter, due to rise by 0.2% from January up to 0.4%.
More in New Zealand, Unemployment Rate, value the unemployed (by Percentage) that are looking for jobs on the past quarter, due to reduce down by 0.1% from the last quarter to 6.5% now.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Core Machinery Orders, value the new manufacturers’ purchase orders for machines (without ships and utilities), about to drop down from 14.8% on January to -4.6%.
More in Japan, Economy Watchers Sentiment is about to rise up by 0.6 points to 47.6 points from the last monthly survey.
Finally in Japan, M2 Money Stock, 3.1% is expected now similar to January report.
Read more about the yen in the USD/JPY forecast.
That’s it for today.
Happy forex trading!
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