Core CPI in Canada, Nationwide Consumer Confidence in the UK and much more. Let’s see what awaits us today.
In Canada, Consumer Price Index (CPI), price of goods and services purchased by consumers; is about to rise by 0.1%. and the core CPI (excluding the 8 most volatile items) is about to reduce by 0.5%.. Consumer prices account for a majority of overall inflation.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Current Account, value between imported and exported goods, services, income flows, and unilateral transfers during the previous month; is about to rise by 2.7B. directly linked to currency demand.
Also in Europe, German Producer Price Index (PPI), price of goods sold by manufacturers; is due to reduce by 0.5%. When manufacturers charge more for goods the higher costs are usually passed on to the consumer
For more on the Euro, read the EUR/USD forecast.
In Great Britain, Nationwide Consumer Confidence, Survey of about 1,000 consumers to rate the relative level of current and future economic conditions, is about to rise by 1 point. accounts for a majority of overall economic activity
More in Great Britain, Prelim Mortgage Approvals, new mortgages approved for home purchases during the previous month is about to rise by 1K.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Producer Price Index (PPI), price of goods and raw materials purchased by manufacturers; is about to rise by 3%.
That’s it for today. Happy forex trading!
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