Unemployment Claims in the US and Current Account in the UK are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, Measures the persons that filed for unemployment insurance for the first time, reduce of 2K from the last week is forecasted down to 385K now.
Later in the US, Final Gross Domestic Product (GDP), Annualized measurement to value all the economy production of goods and services, 1.9% is due to remain similar to the last quarter
Also in the US, Sandra Pianalto, Federal Reserve Bank of Cleveland President, is about to speak in Cleveland.
InEurope, European Union (EU) Economic Summit is due this month.
Later in Europe, German Unemployment Change, The unemployed persons on the last month, is due to rise up by 4K this time.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Current Account, value the difference between imported and exported goods, services and unilateral transfers, is about to further reduce by 0.4B from the last quarter down to -8.9B.
Later in Great Britain, Bank of England (BOE) Credit Conditions Survey, value the credit conditions of bank and non-bank lenders on the past and next 3 months.
Later on in Great Britain, Final Gross Domestic Product (GDP); the widest measure of economic activity to value the economy goods and services, due to remain -0.3% like on the last quarter.
More in Great Britain, Martin Weale, External Bank of England (BOE) Monetary Policy Committee (MPC) Member, is due to speak in London.
Finally in Great Britain, GfK Consumer Confidence, Consumer’s Monthly Survey to rate the relative level of previous and coming financial conditions, like financial situation and overall monetary situation, due to further reduce by 1 point from May down to -30 points.
Read more about the Pound in the GBP/USD forecast.
In Australia, Housing Industry Association (HIA) New Home Sales, measures the newly constructed homes that were sold over the last month, due to remain 6.9% similar to May’s report.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, NBNZ Business Confidence, Monthly Survey to rate the relative 12-month financial outlook, 27.1 points are expected with no change from the last month.
Later in New Zealand, Building Consents, leading indicator of future construction activity to measure the new building approvals issued, -7.2% is likely this time.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Household Spending, Consumer spending indicator to value all expenditures by consumers, due to drop down by 0.1% from the last month’s report down to 2.5%.
Later in Japan, Tokyo Core Consumer Price Index (CPI), value the consumer’s price change for goods and services in Tokyo(not including fresh food), -0.7% is predicted now, 0.1% higher than on May.
Finally in Japan, Prelim Industrial Production, the manufacturers, mines, and utilities output production, is about to drop down from -0.2% on May to -2.6% now.
Read more about the yen in the USD/JPY forecast.
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