Unemployment Claims in the US and Asset Purchase Facility in the UK are the major market-movers. Let see what awaits us today.
In the US, Ben Bernanke, Federal Reserve Chairman, is due to speak in Washington DC.
Later in the US, Unemployment Claims, value who filed for unemployment insurance on the past week for the first time, rise of 2K is expected up to 385K now.
Later on in the US, Dennis Lockhart, Federal Reserve Bank of Atlanta President is due to speak in Dallas.
Also in the US, Natural Gas Storage is about to remain 71B similar to the past week.
Finally in the US, Consumer Credit, is about to reduce from 21.4B on May down to 10.6B this time.
In Canada, Ivey Purchasing Managers’ Index (PMI), purchasing managers monthly survey to value the business conditions such as employment, new orders, supplier deliveries and so on, due to drop down from 52.7 points on May to 51.8 points this time.
For more on USD/CAD, read the Canadian dollar forecast.
In Great Britain, MPC Rate Statement, The Monetary Policy Committee (MPC) primary tools for communicate with investors regarding financial policy. Andrews discusses the economic outlook. While on the Official Bank Rate no change is due from the last month and 0.50% is likely to remain.
Late in Great Britain, Halifax House Price Index (HPI), measurs the price change of homes that are funded by Halifax Bank of Scotland (HBOS); rise form -2.4% on May up to -2.4% is likely now.
More in Great Britain, Services Purchasing Managers’ Index (PMI); monthly survey to value the purchasing managers business conditions, due to drop down from 53.3 points on May to 52.7 points now.
Finally in Great Britain, Asset Purchase Facility, value the total money that the Bank of England (BOE) will create and use for assets purchasing in the open market, 325B is likely to remain like on May.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Consumer Price Index (CPI); value the consumer’s price change of goods and services over the last month, no change is likely and 0.1% is predicted now.
More in Switzerland, Unemployment Rate is due to rise by 0.1% from the last month report.
Finally in Switzerland, Foreign Currency Reserves, provides insight of the Swiss National Bank (SNB) currency market operations, 235.6B is estimated similar to May’s report.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Employment Change, important indicator of consumer spending to value the employed people over the past month the previous month, due to reduce from 15.5K on May down to 0.9K now.
Late in Australia, Unemployment Rate, measures all the work force by percentage that is currently seeking for jobs, rise is likely this month from 4.9% on May up to 5.1% now.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Current Account, the value between imported and exported goods, services and so on over the last month, due to reduce from 0.79T on May down to 0.62T now.
Later in Japan, Final Gross Domestic Product (GDP), the broadest measure of economic activity to value all goods and services produced by the economy, rise of 0.1% is likely up to 1.1% on this quarter. While on the Final GDP Price Index 1.2% is forecasted with no change from the last report.
More in Japan, Leading Indicators is due to reduce from 96.4% on May down to 95.2% this time.
Finally in Japan, Bank Lending, is about to remain 0.3% similar to the last month repot.
Read more about the yen in the USD/JPY forecast.
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