US Pending Home Sales and Australia’s GDP are the major events this day. Let us see what awaits us today In the US, Pending Home Sales is expected to drop from 5.3% to 4.8% after the upswing of March and April. Later in the US, An increase of 200,000 in the Total Vehicle Sales from 11.2M in May indicating stronger consumer confidence in the US market. Finally in the US, Challenger Job Cuts is expected another decline of -71.1% as in May’s report showing improving job prospects. In Europe, Industrial Producer Prices are expected to rise by 0.7%, 0.1% more than in May’s report. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis. In Great Britain, Halifax House Price Index is expected to rise by 0.3% compared to a drop of -0.1% in May giving a boost to the housing industry. More in Great Britain, Construction PMI is expected to continue its growth for the third consecutive month reaching 58.3 points. This indicates recuperation in the construction sector and suggests that the whole UK economic recovery has real substance. Later in Great Britain, Net Lending to Individuals is also expected to edge up 0.5B form April’s fall of 0.6B reaching 1.1B and Final Mortgage Approvals are also predicted to rise by 3,000 from May reaching 50K. Read more about the Pound in the GBP/USD forecast. In Switzerland, Swiss retail sales growth slows from 4.0% in March to 3.7% in April. In Australia, Gross Domestic Product is anticipated to drop 0.3% from the impressive rise of 0.9% in the previous quarter reaching 0.6%. Nevertheless, Australia’s growth rate is still satisfactory. More in Australia, AIG Services Index is expected to continue its rise of previous months after crossing the 50 point score in May report (52.3 points). For more on the Aussie, read the AUD/USD forecast. In Japan, Capital Spending continues to drop expecting to reach -9.5% this quarter however there is a major improvement from -17.3 in October-December and -24.8% the quarter before. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next Aussie Still Suffering from European Problems Yohay Elam 13 years US Pending Home Sales and Australia's GDP are the major events this day. Let us see what awaits us today In the US, Pending Home Sales is expected to drop from 5.3% to 4.8% after the upswing of March and April. Later in the US, An increase of 200,000 in the Total Vehicle Sales from 11.2M in May indicating stronger consumer confidence in the US market. Finally in the US, Challenger Job Cuts is expected another decline of -71.1% as in May's report showing improving job prospects. In Europe, Industrial Producer Prices are expected to rise by 0.7%, 0.1%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
