The week begins with a few early indicators, but no significant releases in the US. Will the currencies break the trading ranges this week? Here’s an outlook for the first day of the week:
The first indicator is published early: on Sunday at 23:00 GMT. British Rightmove HPI is the first indicator for the Pound in a very hectic week. For more on the cable, check out the British Pound Outlook.
Australia’s PPI is expected to fall by 0.2% after falling by 0.4%. This partially reflects the ease in the price of commodities.
On the other side of the globe, German PPI is expected to rise, this time by 0.5%.
Canadian Foreign Securities Purchases are predicted to drop to 7.17 billion, after scoring 9.05 billion last month. At the same time, Wholesale Sales are predicted to plunge by 2.5%, following last month’s trend.
For more on the loonie, read the Canadian Dollar Outlook.
In the US, CB Leading Index is predicted to rise by 0.5%. Another event that might move the greenback is a speech by Dennis Lockhart.
Just before the day ends, Japanese Monetary Policy Meeting Minutes are released.
That’s it. Happy forex trading!
For more on this week’s events, check out the Forex Weekly Outlook.