Ben Bernanke testimony in Washington DC and Average Earnings Index in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Ben Shalom Bernanke, Chairman of the Federal Reserve, the central bank of the United States is about to testify in Washington DC
Later in the US, Federal Budget Balance, monthly measurement to value the difference between income and spending of the federal government’s, about to reduce some more from -57.6 billion on June to -68 billion this coming month.
More in the US, Crude Oil Inventories report that measured the crude oil barrels record by businesses on the passing week, further reduce is expected from -0.9 million on June to -2.3 million this week.
Finally in the US, Import Prices, value the imported goods and services price and released monthly, about to reduce to -0.7% this month is expected from 0.2% on June.
In Europe, Industrial Production, measures the manufacturers & mines production over the last month, a rise from 0.2% on June to 0.5% this time is expected.
More in Europe, German Wholesale Price Index (WPI), monthly measurements to value the price of goods sold by traders, reduce to -0.2% is now expected.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Count Changem, monthly measurements to rate unemployment-related claimant, reduction to 15.1K is expected from 19.6K on June.
More in Great Britain, Average Earnings Index, report to rate labor price that businesses and government played over the passing month, a rise from 1.8% on June to 2% now is forecasted.
Finally in Great Britain, Unemployment Rate, about to remain 7.7% that is similar to the previous month.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Producer Price Index (PPI), Change in the price of goods and raw materials purchased by manufacturers further reduce of 0.1% is expected to -0.3%.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Westpac Consumer Confidence, measurement of family finances evaluation on the passing year, is about to remain -2.6%.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Gross Domestic Product (GDP), leading and important measurement of New Zealand economic activity and health value all goods and services, is due to rise from 0.2% to 0.3% this time.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Monthly Economic Survey study to measure the economic movements in Japan and value internal and external financial developments,
Read more about the yen in the USD/JPY forecast.
Happy forex trading
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