Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.
In the US, Building Permits, measuring the new building projects licenses along with future trends in the construction sector , reduced by 0.1 million on May and 0.55 million is expected this time.
Later in the US, Unemployment Claims, weekly report to show the number of new Joblessness Claims, affects the overall employment market condition; reduce of 6K from 427K on the previous report to 421 K this week.
More in the US, Philly Fed Manufacturing Index, to show the manufacturing activity on the previous month, on May dropped to 3.9 points and now a rise is expected to 7.1 points.
Also in the US, Current Account, measuring the current businesses net flow, services, properties and interest prices on May reduced to -113 billion and a further decreases expected this time to -126 billion.
Finally in the US, Housing Starts, measuring new buildings or households that were built, on May it dropped to 0.52 million and now a rise to 0.54 million is forecasted.
In Canada, Foreign Securities Purchases, monthly report to show the Full value of domestic bonds, money-market properties acquired by foreigners, rose to 6.34 billion on May and now is expected to reduce to 5.45 billion.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, In the US, Consumer Price Index (CPI) shows the difference between basket of goods and services with volatile components and measuring the price of living, on May reduced by 0.1$ and this time is expected to remain 2.7%. While the Core CPI excluding energy and food, 2 important sectors in the economy that provides a stable cost and about to remain 1.6%.
Finally in Europe, European Central Bank (ECB) Monthly Bulletin, offers full analysis of present and upcoming financial conditions from the bank’s point of view by making the up-to-date interest rate decision.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Retail Sales, report to show the main indicator of consumer costs, on May rised to 1.1% and now expected to drop down to -0.5%.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Libor Rate, shows the interest rate on the last 3 month in London and Swiss franc payments, is about to remain 0.25% like on the previous report.
More in Switzerland, Swiss National Bank (SNB), key SNB Governing Board tool to show the uses to interconnect with financiers about monetary policy. Followed by 2 parts SNB Press Conference, statements then conference for press questions. And ends with SNB Financial Stability Report, banking assumption regarding the stability of the various sectors and the financial markets frame.
Finally Switzerland, Industrial Production shows the changes of output in mining, industrial, building and energy divisions, raised to 7.4% on May but now a dramatic decrease to -7.5% is expected.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Melbourne Institute Inflation Expectations, measuring the Percentage that buyer’s expected price regarding services and goods on the next year, on May it reduced to 3.5% and a small change is forecasted this time.
More in Australia, New Motor Vehicle Sales, measuring the new trucks and cars sold locally, droped to -3.5% on May and now expected to remain similar.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Monetary Policy Meeting Minutes, minutes from the previous Monetary Policy Committee meeting where interest rate is set. The minutes provide the reasons leading to this decision.
Read more about the yen in the USD/JPY forecast.
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