An expected drop in US TIC Long-Term Purchases, a rise in US Empire State Manufacturing Index and a speech from Federal Reserve Bank of St Louis President James Bullard are the major events of the day.
In the US, International Capital (TIC) Long-Term Purchases released monthly represents the balance of domestic and foreign investment is due to drop to 77.3 Billion following the unexpected sharp rise of 140.5 Billion in May.
Later in the US, Empire State Manufacturing Index is expected to rise by 1 point reaching 20.1 following its decrease in May.
More in the US, Import Prices are expected to drop by -1.1% compared to 0.9% rise in May.
Finally in the US, Federal Reserve Bank of St Louis President James Bullard delivers a speech titled “Getting Serious about Asset Bubbles and Monetary Policy” at the Institute of Regulation and Risk North Asia event, in Hong Kong may affect Key interest rates.
In Canada, Labor Productivity, released quarterly, is expected to show the same growth rate of 1.4% as in the previous quarter.
More in Canada, Manufacturing Sales are expected to drop from 1.2% to a disappointing 0.3% this month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German ZEW Economic Sentiment is expecting to rise to 48.7 which are 2.9 more than in May indicating ongoing recovery in the German market.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Great Britain, Inflation Report Hearings held by BOE Governor and MPC members about inflation and the economic outlook before Parliament’s Treasury Committee is bound to affect currency and provide information on market currencies.
More in Great Britain, Consumer Price Index (CPI) is expected a slight decrease of 0.2% from 3.7% in May as well as the core CPI foreseen to drop from 3.1% to 3.0%.
Later in Great Britain, Nationwide Consumer Confidence is bound to remain 74 points as in the previous month.
Read more about the Pound in the GBP/USD forecast.
In Australia, Monetary Policy Meeting Minutes is released providing in-depth insights into the economic conditions that influenced the of the RBA Reserve Bank Board decision on where to set interest rates.
More in Australia, RBA Deputy Governor Ric Battellino speaks at the Financial Executives International of Australia, in Sydney. Interest rates may be affected.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Tertiary Industry Activity measuring the change in the total value of services purchased by businesses is predicted to rise by 2.5 % following a drop of -3.0% in May and will have a positive impact on the nation’s currency.
That’s it for today. Happy forex trading!
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.
Share
