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We start the week with some interesting events like Federal Budget Balance in the US as the main highlight on today’s outlook. Let’s see what awaits us today.

In the US, Federal Budget Balance, monthly indicator to value the difference between federal government’s spending and income, indicates a deficit with -229.3B this time from -27.4B on February.

In Europe, German Wholesale Price Index (WPI), measures the price change of wholesalers goods that were sold over the last month, decreases is predicted from 1.2% on February down to 1.1% now,

For more on the Euro, read the  Euro to dollar forecast.                                                                              

In New Zealand, Food Price Index (FPI), shows the households price change for food and food services , to change is predicted from the last month.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Tertiary Industry Activity, monthly measure to report the value change in businesses services, growth is predicted from 1.4% on February up to 0.4% now.

More in Japan, Core Machinery Orders, the new private-sector manufacturers purchase orders (not including ships and utilities), growth is estimated from -7.1% on the last month up to 2.2% this time.

Later in Japan, Household Confidence, rise is predicted from the last month survey by 0.8 points up to 40.8 this month.

Finally in Japan, Corporate Goods Price Index (CGPI); consumer inflation indicator, that is likely to rise by 0.1% up to 0.6% this month.

Read more about the yen in the USD/JPY forecast.

That’s it for today.

For more events later in the week, check out the Live Forex Calendar