In the US Building Permits and Inflation Report Hearings in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Building Permits excellent future construction activity indicator to value the new residential building permits that were issued on the last month, 0.98M is due now from 1.01M on the last report. And similar is predicted on the Housing Starts with 0.95M now from 0.85M on May.
Later in the US, Consumer Price Index (CPI), consumer’s price change for goods and services, rise up to 0.1% from -0.4% on the previous time. And on the Core CPI (without food and energy), 0.2% is due now from 0.1% on May
In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW Economic Sentiment) Survey to rate the economic outlook for the Eurozone over the last 6 month 29.4 points are forecasted from 27.6 points on the last time. And on the German ZEW Economic Sentiment 38.2 points are due from 36.4 points on May.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Consumer Price Index (CPI), value of the consumer’s price change for goods and services, rise up to 2.6% is predicted from 2.4% on May. On the Producer Price Index (PPI) Input 0.1% is calculated now from -2.3% on the last report. And Retail Price Index (RPI), is expected to rise up to 3.1% from 2.9% on the past month.
Later in Great Britain BOE Inflation Letter is expected now.
Finally in Great Britain, Inflation Report Hearings, Bank of England (BOE) Monetary Policy Committee (MPC) members vote on regarding the nation’s key interest rates and future monetary policy.
Read more about the Pound in the GBP/USD forecast.
In Australia, The Conference Board (CB) Leading Index, a composite index that is based on 7 financial indicators, 0.1% is likely now similar to the last time.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Current Account linked to currency demand and value the difference between imported and exported goods and services, -0.64B is likely now from -3.26B over the previous quarter.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Trade Balance, value the difference between imported and exported goods, -0.89T is due this month from -0.76T on May.
Read more about the yen in the USD/JPY forecast.
Group of Eight (G8) Meetings, is about to meet regarding global economic issues, such as European debt crisis and son on. The G8 is an influential global policy-making body that operating at the highest level and can impact the currency markets.
Trade well