It’s a relatively quiet Friday this time. How will the greenback close the week? Here are the event that will influence it…
Japanese Household Confidence is the first significant event for today. It’s expected to rise to 34.1 points.
In Europe, German WPI is predicted to rise by 0.1%, almost nothing. French CPI isn’t expected to be much stronger – only 0.2%.
European Industrial Production is already a very significant indicator. It’s expected to fall by only 0.4%, better than last month’s 2%. The European economy is still stalling.
ECB President Jean-Claude Trichet, will talk about the European economy in two speeches in Bulgaria. EUR/USD moved both ways this week. How will it end the week?
For more on the Euro’s week, check out: EUR/USD – Will it Get on its Feet Again?
In Britain, BOE Executive Director Paul Fisher and BOE Chief Economist Spencer Dale will both speak throughout the day. How will the British Pound react?
In the US, Import Prices are predicted to rise by 1.3%. The highly regarded University of Michigan Consumer Sentiment is expected to show a continuing improvement. The preliminary figure is predicted to rise to 69.5 points, a number not seen for a long time.
That’s it.
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