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US retail sales and Unemployment claims are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, important indicator to value the unemployed that are looking for jobs over the last month, rise of 1K is predicted up to 373K.

More in the US, Retail Sales, Key consumer spending gauge, expectds to rise up to 0.3%, 0.1% from December. Meanwhile the Core Retail Sales (not including vehicles), is expected the same, rise of 0.1% from the last moth up to 0.3%.

Later in the US, Business Inventories, measures monthly all goods in manufacturer’s inventory, is about to drop down to 0.4% from 0.8% on the last month.

Finally in the US, Federal Budget Balance, value the difference between the spending & income of the federal government, rise is expected from -137.3B on the previous month to -79.0B now.

In Canada, New Housing Price Index (NHPI), leasing monthly indicator to value the new homes selling prices, 0.2% is forecasted similar to the last report.

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

In Europe, Minimum Bid Rate, value the Interest rate in the bankingsystem bythe European Central Bank (ECB); 1% is due to remain.

More in Europe, European Central Bank (ECB) Press Conference held by ECB President and Vice President, for communicating with the investors about monetary policy.

Finally in Europe, Industrial Production, monthly report to value the manufacturer’ and mine’s output, due to further reduce by 0.1% down to -0.2% this time.

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

In Great Britain, Manufacturing Production measuring change in prices if finished goods dropped 0.7% in October following 0.1% increase in the previous month. The reading was below the 0.1% drop predicted by analysts. Prices are expected to remain unchanged.

More inGreat Britain, Asset Purchase Facility, the total cash printed by the BOE to purchase bonds, remained unchanged in December as in November and is predicted to stay the same this time as well.

Later in Great Britain, Rate decision was maintained in December, in line with predictions. No change is forecasted now.

Finally in Great Britain, NIESR GDP Estimate. The National Institute of Economic and Social Research assessed a growth rate of 0.3% for Sep-Nov after 0.4% expansion in the previous reading. A similar figure is expected.

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

That’s it for today.

Happy forex trading!

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