Federal Funds Rate in the USA 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 Statement, a key tool to determine monetary changes according to investors voting on interest rates and additional policy measures, further by a FOMC Press Conference, Meanwhile the Federal Funds Rate is likely to remain 0.25%.
Later in the US, Crude Oil, barrels measurements on the last week for oil rates & demand, reduced to -3.4% on the last week and small change is expected now.
Finally in the US, OFHEO House Price Index (HPI), held by the Office of Federal Housing Enterprise Oversight, measuring the buying price of houses with mortgages.
More in Europe, Industrial New Orders, show the total price change in new manufacturers’ orders acquired, a rise from -1.6% to 1.2% is expected.
Also in Europe, Consumer Confidence, economic health indicator to measure the measuring the level of consumer confidence in economic activity, is about to remain -10 points like on the previous month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes releases the minutes from the last Monetary Policy Committee meeting where interest rate is set. The minutes provide the reasons leading to this decision. In the Previous minutes 3 voted to raise rates against 0 voting to reduce it and 6 to hold the rates, this month the expected score is 2-0-7.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, ZEW Economic Expectations, survey by the Zentrum für Europäische Wirtschaftsforschung to show the working conditions and other factors affecting the business development over the last 6 month in Switzerland, is about to remain -11.5 points.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Credit Card Spending, measuring the change in the credit card spending use during the last month, is about to remain 6% similar to the previous month.
For more about the kiwi, see the NZD/USD forecast.
Happy forex trading
Share
