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Unemployment Claims in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance over the last week, is due to rise up from 367K to 390K.

More in the US, Wholesale Inventories, total value of goods about to rise up by 0.3% up to 0.4%.

Finally in the US, Natural Gas Storage, is about to remain -132B, similar to the last week’s report.

In Canada, New Housing Price Index (NHPI), value the selling price of new households; rise is forecasted by 0.2% up to 0.5%.

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

In Europe, Minimum Bid Rate, value European Central Bank (ECB) Executive Board (6 members) and the and the Euro area central banks governors (17 members) decision regarding the Short term interest rates vote, 1.00% is forecasted with no change from the last months.

More in Europe, European Central Bank (ECB) Press Conference, primary method of the he ECB to connect with investors about financial policy,  economic outlook and inflation.

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

In Great Britain, Monetary Policy Committee (MPC) Rate Statement, primary MPC tool to talk with investors regarding financial policy and economic outlook.

More in Great Britain, Official Bank Rate, value the banks’ Interest rate for BOE loans to additional banks, 0.50% is expected to remain with no change from the last months.

Moreover in the Great Britain, Asset Purchase Facility, the total value of money that the Bank of England (BOE) will create and use to open market assets purchase, rise is predicted from 275B on January up to 325B this time.

Later in Great Britain, Manufacturing Production, measures the manufacturers output change, growth is anticipated from -0.2% on January up to 0.3% now.

Later on in the Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate, shows the estimated value of all goods and services of the economy production on the past 3 months; 0.1% is forecasted similar to the last report.

Also in the Great Britain, Trade Balance, value the difference between exported and imported goods; growth is predicted from -8.6B on January to -8.4B now.

Finally in Great Britain, Industrial Production expects to growth this month to 0.2% from -0.6% on January.

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

In Switzerland, State Secretariat for Economic Affairs (SECO) Consumer Climate, Monthly households Survey to value the past and upcoming monetary conditions, indicates pessimism with -23, 1 point

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

In Japan, Corporate Goods Price Index (CGPI); is due to drop down by 0.4% to 0.9% from January.

More in Japan, Household Confidence, household’s monthly survey, 38.6 is predicted this month.

Later in Japan, Prelim Machine Tool Orders expects to remain 17.4% similar to the previous month.

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

That’s it for today.

Happy forex trading!

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