We end this week with CPI in Canada as the major event of the day. Here is an outlook on the market-movers awaiting us.
In Canada, Consumer Price Index (CPI); measures the consumer’s price change of goods and services is likely to remain -0.1% like on the last month, meanwhile on the Core CPI (not including the 8 most volatile items), reduce is predicted from 0.2% on June down to -0.1% now.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Producer Price Index (PPI), shows the manufacturer’s price change of goods due to rise by 0.1% from June to -0.3% this time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Public Sector Net Borrowing, value the difference between spending and income for public corporations with the central and local governments, is about to drop down from 15.6B on June to 12.5B on the upcoming report.
Read more about the Pound in the GBP/USD forecast.
In Australia, Import Prices, value the importer’s price change of goods over the last quarter, rise is likely from -1.2% up to 1.6% now.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Credit Card Spending, measure the total credit card’s spending, 3.9% is likely to remain similar to the previous month.
For more about the kiwi, see the NZD/USD forecast.
Trade wellGet the 5 most predictable currency pairs