US Consumer Price Index, US Long-Term Purchases and US Consumer Sentiment highlight today’s events and wrap up another busy trading week. Here is an outlook on the events at hand.
In the US, Consumer Price Index, the main measure of inflation in the world’s largest economy recently showed subdued inflationary pressures in the U.S., but the month-over-month index of consumer prices could see an increase by 0.1% from a reading of -0.2% in the previous month, while the Core CPI is expected to remain unchanged at 0.1% m/m.
More in the US, TIC Long-Term Purchases measuring the difference in value between foreign long-term securities purchased by US citizens and US long-term securities purchased by foreigners during the reported period expected a further drop from 83.0B to 73.7 B following the huge leap to 140.5B in March.
Finally in the US, University of Michigan Consumer Sentiment preliminary release is forecasted to drop by 1.9 points to 74.1 following a three month rise. Prelim UoM Inflation Expectations edged up 2.8% in May and is likely to remain the same in June.
In Canada, Canada’s Leading Index a combined reading of 10 economic indicators related to employment, production, new orders, consumer confidence, housing, stock market prices, money supply, and interest rate spreads is expected 0.5% rise which is 0.4% less than in April and May.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Italian Trade Balance expected to further improve its trade deficit by 80,000K which is good news following 3.36B deficit in the beginning of 2010.
More in Europe, Trade Balance surplus is expected to decrease by 200,000K to 1.4B.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Japan, Bank of Japan Monthly Report contains the statistical data that the BOJ Policy Board members evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank’s viewpoint.
You may want to check out a fresh article about 5 top sites for forex exchange rates.
That’s it for today. Happy forex trading!
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.
Share
