Durable Goods Orders in the USA and Mervyn King; speech in London are the major events this day. Here is an outlook on the market-movers awaiting us.
In the US, Durable Goods Orders measures the manufacturers’ orders price of durable goods, a droop to -3.6% was noted on May and this time it should gain back to 1.6%. Meanwhile the Core Durable Goods Orders (ex-Transportation) was noted -1.6% on May and now should gain 1%.
Later in the US, Final GDP, measures the total value of all services and goods produced by the Eurozone, 1.8% was noted on the last quarter and a small change to 1.9% is predicted this time.
More in the US, Final GDP Price Index, measures the monetary value of all the goods and services produced within a country. An indicator of economic health should remain 1.9%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Ifo Business Climate Business Climate, wide monthly survey of builders, services and job related businesses, is about to reduce to 113.6 points from 114.2 points on May.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Mervyn King, Bank of England Governor is due to speech in London.
Finally in Great Britain, Bank of England (BOE) Financial Stability Report, analysis the current financial system, find the potential risks and offers means for maintaining a stable financial system.
Read more about the Pound in the GBP/USD forecast.
In Australia, Dr. Philip Lowe, Reserve Bank of Australia (RBA) Assistant Governor is about to speech in Adelaide;
For more on the Aussie, read the AUD/USD forecast.
Happy forex trading
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