FOMC Statement in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Federal Open Market Committee (FOMC) Statement, the FOMC primary tool used to communicate with investors on monetary policy, interest rates and other policy measures. It discusses the financial outlook of future votes. It is followed by FOMC Press Conference & FOMC Economic Projections. And no change is due on the Federal Funds Rate 0.25% from the last report.
Later in the US, Crude Oil Inventories, weekly measurement of crude oil barrels that are held in commercial firm’s inventor, now change is likely from the last time 2.5M.
In Canada, Wholesale Sales, value all the sales at the wholesale level, rise of 0.2% is due up to 0.5% now from May.
Later in Canada, Stephen Poloz, Bank of Canada (BOC) Governor, is due to speak in Oakville.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, French Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions such as employment, production, prices and inventories, 47.1 points are due from 46.4 points on May. While on the German Flash Manufacturing PMI rise up to 49.9 points is calculated now form 49.4 points the last time.
Later in Europe, German Flash Services, Survey to rate the business conditions like production, prices and inventories, 50.1 points is likely now from 49.7 points on the last month. While on the French Flash Services PMI 45.0 points are predicted from 44.3 points on the last time.
Finally in Europe, German Producer Price Index (PPI), manufacturer’s price change of goods, rise of 0.2% is due now.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, MPC Meeting Minutes, the Bank of England (BOE) Monetary Policy Committee (MPC) last recent meeting record, that provides insights on the financial conditions regarding interest rates and outcome of future votes.
Later in Great Britain, Mervyn King, Bank of England (BOE) Governor, is due to speak in London.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Swiss National Bank (SNB) Monetary Policy Assessment, the SNB tool used by the Governing Board to communicate with investors on monetary policy, interest rates and projects the economic outlook. It is followed by SNB Financial Stability Report and SNB Press Conference while the Libor Rate is 0.25% with no change from the last time.
Later in Switzerland, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations Survey of investors and analysts to rate the economic outlook for the past 6 month in Switzerland, 2.2 points are due similar to the last time.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Gross Domestic Product (GDP), value all goods and services that were produced by the economy, 0.6% is likely from 1.5% on the last time.
For more about the kiwi, see the NZD/USD forecast.
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