Retail Sales in Australia and Trade Balance in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Crude Oil Inventories, weekly indicator to value the commercial crude oil that are held in inventory, -11.1M is due with no change from the last week.
In Canada, Housing Starts, the yearly number of new residential buildings that has begun construction on the last month, rise of 2K is due up to 198K from December.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Industrial Production, value of manufacturers, mines, and utilities output production, 1.1% is likely now from -2.6% on December.
Later in Europe, Final Gross Domestic Product (GDP), value of all goods and services that were produced by the economy, -0.1% is expected similar to the previous quarter.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Trade Balance, value the difference between imported and exported goods, -9.0B id predicted this month from -9.5B on December.
Later in Great Britain, British Retail Consortium (BRC) Shop Price Index, is due now with 1.5% similar to the previous month.
Read more about the Pound in the GBP/USD forecast.
In Australia, Retail Sales, measures all the sales at the retail level; 0.3% is due similar to December’s report.
Later in Australia, Housing Industry Association (HIA) New Home Sales, no change is likely from the last month and 3.4% is due.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Trade Balance is prdiceted this month with -670M from -718M on the last report.
For more about the kiwi, see the NZD/USD forecast.
Trade well
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