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Unemployment Claims and ECB President Draghi Speaks in Europe are the major market-movers. Let see what awaits us today.

In the US, Durable Goods Orders, value all the new manufacturer’s orders for durable goods over the last month, due to reduce from 1.3% on June down to 0.4% now. Meanwhile rise is likely in the Core Durable Goods Orders (apart from transportation items) from 0.7% on the last report up to 0.1% on this month.

Later in the US, Unemployment Claims, weekly indicator to value the unemployment insurance that was filed for the first time, reduce is likely from 386K on the last week down to 381K.

More in the US, Pending Home Sales, the homes to be sold, under contract and before the closing transaction (without new building), reduce is predicted from 5.9% on June down to 0.8% this time.

Also in the US, Timothy Geithner, US Treasury Secretary is due to speak in Washington DC.

Finally in the US, Natural Gas Storage, No change is estimated this week and 28B is due to remain.

In Europe, Mario Draghi, European Central Bank (ECB) President, is due to speak in London.

More in Europe, GfK German Consumer Climate, Monthly Survey to rate the previous and forthcoming economic circumstances like personal financial situation and overall economic situation, rise of 0.1 points is predicted up to 5.9 points.

Also in Europe, German Import Prices is due to slightly rise from the last month report up to -0.3%.

Later in Europe, M3 Money Supply, measures the domestic currency circulation quantity and deposits in banks, no change is likely from the last month and 2.9% is due to remain.

Finally in Europe, Private Loans, is due to further reduce by 0.1% down to -0.2% compare to the last month.

For more on the Euro, read the  Euro to dollar forecast.

In Japan, Masaaki Shirakawa, Bank of Japan (BOJ) Governor, is due to speak in Tokyo.

Later in Japan, Core Consumer Price Index (CPI), value the consumer’s price change of goods and services (without fresh food), in Tokyo no change is forecasted and -0.6% is due. While in the National Core CPI rise of 0.1% is likely this month.

Also in Japan, Retail Sales, value all the sales at the retail level, due to drop down from 3.6% on June to 1.2% now.

Read more about the yen in the USD/JPY forecast.

Trade well

For more events later in the week, check out the Live Forex Calendar