Another busy day in a busy week: A new Libor Rate in Switzerland, Retail Sales in Britain, Canadian CPI and American Unemployment Claims are the highlights of today. And there’s more…
Swiss Libor Rate is due at 7:30 GMT, and is expected to remain unchanged. The limelight will be on the SNB Monetary Policy Assessment which will review the current economic situation and will supply an outlook for future interest rate changes.
More answers will be available at the SNB Press Conference. Also note the SNB Financial Stability Report which will be available at the same time.
For more on USD/CHF, check out the Swissy Outlook.
British Retail Sales are expected to be strong, and rise by 0.4%. Last month they rose by 0.9%.
British Public Sector Net Borrowing is expected to rise to 18.9 billion. CBI Industrial Order Expectations are predicted to get off the bottom and stand at -45.
Yesterday’s employment figures were better than expected in the UK. Are things getting better?
More on the week in GBP/USD: British Pound Outlook.
Canadian CPI is expected to turn positive, and rise by 0.4%. It seems that prices are getting stronger everywhere. Core CPI is predicted to rise by 0.1%.
Later in Canada, BOC Governor Mark Carney will be talking, and is known to have influence on the loonie.
For a review in this interesting week in USD/CAD, check out the Canadian Dollar Outlook.
In the US, weekly Unemployment Claims are expected to get back to 610K. After the recent surprise in Non-Farm Payrolls, this figure could continue to improve and get below 600K.
US Treasury Secretary Timothy Geithner will speak in the Senate, in front of two different committees. A tough question might cause him to slip and say something interesting.
Also in the US, CB Leading Index is expected to rise by 0.8% and more importantly, the Philly Fed Manufacturing Index is expected to improve, but remain negative, at 17.8 points.Get the 5 most predictable currency pairs