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Prelim UoM Consumer Sentiment and Wholesale Sales in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.

 In the US, Prelim UoM Consumer Sentiment, survey of 500 consumers by the University of Michigan to show consumer spending, on May raised to 74.3% and a further rise to 74.4 is expected now. Meanwhile Prelim UoM Inflation Expectations, services and goods price expectations is about to remain 4.1%

More in the US, CB Leading Index, complex index compilation of 10 economic indicators, on May decreased to -0.3% and now a rise to 0.3% is expected.

In Canada, Wholesale Sales, measuring the inventory profile and can affect the GDP prediction, on May a rise to 0.1% was noted and now it may reduce to -0.2%.

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, Jean-Claude Trichet President of the European Central Bank, is about to deliver a speech in New York.

More in Europe, Trade Balance, show the change in the value of export and. Import, on May it reached -0.9% and now further raise is expexted but still deficit of -0.2%.

For more on the Euro, read the  Euro to dollar forecast.                                                              

Happy forex trading