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US unemployment claims and US PPI are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, PPI  an inflation gauge gained 0.1% in January less than the 0.3% rise expected following 0.1% drop in December. An increase of 0.5% is expected now. Meanwhile Core PPI excluding the food an energy sectors increased unexpectedly by 0.4% following 0.3% rise in December. A smaller gain of 0.2% is expected.

More in the US, Unemployment Claims measuring the number if Americans filing initial claims for unemployment, increased unexpectedly last week to 362,000 rising 8,000 higher than the prior week while predicted to drop to 352,000. Nevertheless this is still a good figure indicating recovery in the job market. Analysts expect a drop to   357,000 this time.

Later in the US, TIC Long-Term Purchases Foreigners decreased their long term purchases of US securities from USD61.3 billion to USD17.9 billion, way below the USD45.5 billion predicted. An increase to USD29.3 billion is expected.

Further in theUS, Philly Fed Manufacturing Index showed increased optimism among producers inPhiladelphiarising to10.2 in February from7.3 in the previous month and above the 9.0 figure predicted by analysts. A further rise to 11.9 is forecasted.

Finally in the US, Empire State Manufacturing Index,New York’s producers sentiment surged to19.5 inFebruary after rising to13.5 inJanuary indicating a positive trend in theUSmanufacturing sector. A small drop to 17.6 is expected now.

In Europe, ECB Monthly Bulletin will be released accounting for the latest ECB rate resolution explaining current and future economic conditions.

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

InGreat Britain, Ben Broadbent MPC member is scheduled to give a speech inLondon.

Read more about the Pound in the  GBP/USD forecast.

InSwitzerland, SNB Monetary Policy Assessment will provide information regarding their rate decision and current economic conditions. This event can affect the market.

More in Switzerland, Libor Rate was maintained at 0.25%, in line with expectations, and is expectedto remain unchanged in the near future.

Finally in Switzerland, SECO Economic Forecasts State Secretariat for Economic Affairs  will release their assessment of the major components of the Swiss GDP.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, MI Inflation Expectations predicting future inflation dropped in February to 2.5% from 2.8% in the previous month. Higher interest rates together with the strong Aussie lowers inflation.

More inAustralia, New Motor Vehicle Sales gained 1.3% in January following a 2.7% plunge in December. The positive trend is expected to continue with a 2.2% rise.

For more on the Aussie, read the  AUD/USD forecast.

In Japan, Monetary Policy Meeting Minutes will provide a detailed account of the market conditions led to the recent rate decision.

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

That’s it for today.

Happy forex trading!