Durable Goods Orders in the US and BBA Mortgage Approvals in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Durable Goods Orders, Value the total manufacturer’s new purchase orders that were placed on the last month; rise from May is estimated up to 0.5% now. And on the Core Durable Goods Orders (excluding transportation items) rise from -0.9% on May up to 1.0%.
Later in the US, Pending Home Sales, Value the homes under contract to be sold before the closing transaction (not including new construction), rise is likely from -5.5% on May up to 1.3% now.
Finally in the US, Crude Oil Inventories, weekly indicator to value the barrels of commercial crude oil that are held in inventory, 2.9M is predicted similar to the last report.
In Europe, German Prelim Consumer Price Index (CPI); Value the consumer’s price change for goods and services, rise of 0.2% is likely from the last month
Later in Europe, German Import Prices, the price change in imported goods that were purchased domestically, -0.5% is estimated with no change from the last month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, The new home purchase mortgages that were approved by BBA-represented banks on the last month rise of 0.4K is predicted up to 32.8K.
Later in Great Britain, Confederation of British Industry (CBI) Realized Sales, Survey to value the existing sales volume; indicates higher sales volume with 14 points, 7 points less than on May.
Read more about the Pound in the GBP/USD forecast.
In Japan, Retail Sales, Change in the total value of sales at the retail level, consumer spending main indicator to measure the total sales at the retail level, due to reduce from 5.7% on May down to 3.1%.
Read more about the yen in the USD/JPY forecast.
Trade well
Share
