We end this week with Prelim UoM Consumer Sentiment and Japan’s rate decision as our major events on today’s outlook. Let’s see what awaits us today. In the US, Prelim UoM Consumer Sentiment. Reuters/University of Michigan Consumer Sentiment survey was revised up in April to79.3 from 76.4 higher than the 76.4 expected by analysts. A small decline to 77.5 is predicted now. Later in the US, Empire State Manufacturing Index measuring manufacturer’s sentiment improved nicely in May reaching 17.1 from6.6 in April. A drop to 13.6 is anticipated this time. Later on in the US, TIC Long-Term Purchases The value of US domestic securities increased in March to $36.2 billion from $10.1 billion in the previous month, much higher than the %19.4 billion predicted. Another increase to $45.3 billion is predicted now. More in the US, Capacity Utilization Rate. The output capacity increased in April to 79.2% from 78.4% in the previous month, above the 78.96% predicted indicating improvement in the manufacturing sector. The same rate is expected to be maintained. Also in the US, Industrial Production leaped in April by 1.1% from 0.6% drop in March higher than the 0.6% increase predicted by analysts. A small increase of 0.1% is forecasted this time. Finally in theUS, Prelim UoM Inflation Expectations measuring consumers’ expectations for price change within the next 12 months, was revised down in May to 3.0% from 3.2% in April. In Canada, Manufacturing Sales edged up 1.9% in March after a 0.2% drop in February indicating growth in the manufacturing sector. The increase was well above the 0.4% rise predicted by analysts. This time a rise of 0.5% is anticipated. For more on USD/CAD, read the Canadian dollar forecast. In Europe, Mario Draghi speaks. Mario Draghi head of the ECB is scheduled to speak at the ECB and its Watchers XIV Conference organized by the Center for Financial Studies, in Frankfurt. His words cause volatility in the market ex\specially in these troubled EU times. Later inEurope, Italian Trade Balance flipped to 2.06 billion surplus in March after a deficit of 1.14 billion in February. Economists anticipated deficit to increase to 1.35 billion. A small decline to 1.34 billion in surplus is predicted. Later on in Europe, Employment Change measuring the number of people employed in the Euro-Zone dropped 0.2% in the fourth quarter in line with predictions. Another 0.2% decline is anticipated this time. Finally in Europe, Trade Balance increased it surplus to 4.3 billion in March from 4.0 billion in February. The increase was in line with predictions. A small decline to 4.2 billion is forecasted. For more on the Euro, read the Euro to dollar forecast. In Great Britain, Trade Balance Deficit was maintained in March at 8.6 billion while economists expected deficit to shrink to 8.4 billion. Deficit is expected to narrow to 8.5 billion this time. Read more about the Pound in the GBP/USD forecast. In Japan, Rate decision. The BOJ is expected to maintain interest rates at the minimum low of 0-0.10% and continue its asset purchase program. The BOJ press conference and Monetary policy statement are important events which may cause volatility in the market. Read more about the yen in the USD/JPY forecast. Trade well Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next Plus Ã§a change… FxPro - Forex Broker 11 years We end this week with Prelim UoM Consumer Sentiment and Japan's rate decision as our major events on today's outlook. Let's see what awaits us today. In the US, Prelim UoM Consumer Sentiment. Reuters/University of Michigan Consumer Sentiment survey was revised up in April to79.3 from 76.4 higher than the 76.4 expected by analysts. A small decline to 77.5 is predicted now. Later in the US, Empire State Manufacturing Index measuring manufacturer's sentiment improved nicely in May reaching 17.1 from6.6 in April. A drop to 13.6 is anticipated this time. Later on in the US, TIC Long-Term Purchases The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.