CB Consumer Confidence in the US and GDP in Canada are the main events lined up. Let’s see what awaits us today.
In the US, The Conference Board (CB) Consumer Confidence, Survey of economic conditions like labor availability and overall economic situation, reduce of 0.5 points are likely down to 61.5 points now.
Later in the US, Core Personal Consumption Expenditures (PCE) Price Index, consumer’s price change of goods and services (not including food and energy), is about to rise up by 0.1% to 0.2%.
Later on in the US, Employment Cost Index, the price change that businesses and government pay for civilian employment, raise of 0.2% is likely up to 0.6%.
More in the US, Personal Spending, value of all consumers’ expenditures, is forecasted to rise up by 0.1%.
Moreover in the US, Standard & Poor’s (S&P) Case-Shiller (CS) Composite-20 House Price Index (HPI); the selling price of homes in 20 urban areas, raise is predicted from -1.9% on June up to -1.5% on this report.
also in the US, Chicago Purchasing Managers’ Index (PMI); Monthly Survey that measures in Chicago the business conditions such as employment, new orders, supplier deliveries and inventories, is due to reduce by 0.3 points down to 52.6 points.
Finally in the US, Timothy Geithner, US Treasury Secretary, is due to speak in Los Angeles.
In Canada, Gross Domestic Product (GDP), value all economy’s goods and services production, due to reduce by 0.1% to 0.2% now.
Later in Canada, Raw Materials Price Index (RMPI); the monthly manufacturer’s price change of raw materials, is due to rise from -1.0% on June up to 1.7% this month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Retail Sales, measures all the sales at the retail level (without cars and gas stations), is due to rise from -0.3% on June up to 0.6% this time.
Later in Europe, French Consumer Spending, value of all goods expenditures by consumers is due to drop down from 0.4% on the last month to 0.2%
More in Europe, German Unemployment Change estimates the unemployed on the previous month; rise of 1K is forecasted up to 8K.
Also in Europe, Consumer Price Index (CPI) Flash Estimate, the consumer’s price change of goods and services, 2.4% is likely similar to the last month.
Finally in Europe, Unemployment Rate, value by percentage all the work force that is actively seeking for jobs, rise of 0.1% is likely up to 11.2% from the last month.
For more on the Euro, read the Euro to dollar forecast.
In Australia, Building Approvals, excellent future construction activity indicator to value the new building approvals issued on June, is due to drop down from 27.3% to -15.0%.
Later in Australia, Private Sector Credit, measures the new credit that was issued to consumers and businesses reduce of 0.1% is likely down to 0.4%.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, NBNZ Business Confidence, Survey to rate the 12-month financial outlook, 12.6 points are likely to remain similar to the previous month.
For more about the kiwi, see the NZD/USD forecast.
In Japan, JPY, Average Cash Earnings, correlated with spending and about to value the employment income collected by workers, due to rise up from -1.1% on June to 0.1%.
Read more about the yen in the USD/JPY forecast.
Trade well
Get the 5 most predictable currency pairs