Building Permits in the US and CPI in the UK are the main events lined up. Let’s see what awaits us today.
In the US, Building Permits, excellent indicator of future construction activity, to value the new residential building permits that were issued on the last month, rise of 3M is likely up to 0.93M from February.
Later in the US, Housing Starts, measures the new residential buildings that began construction, 0.92M is expected now from 0.89M on the last month.
In Canada, Manufacturing Sales, value all the sales made by manufacturers, rise up to 0.7% is forecasted now from -3.1% on February, and similar rise is due on the Wholesale Sales, important consumer spending indicator, from 0.4% up to -0.9%
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Survey of German institutional investors and analysts to rate the relative economic outlook for the Eurozone on the past 6 month; 43.7 points is due from 42.4 points. Meanwhile on the German ZEW Economic Sentiment 47.9 points is likely from 48.2 points on February.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Consumer Price Index (CPI), the consumers’ price change of goods and services, 2.8% is calculated from 2.7% on the last time. Producer Price Index (PPI) 1.7% is likely from 1.3% on February. And on the Retail Price Index (RPI), 3.3% is due to remain similar to the last report. Bank of England (BOE) BOE Inflation Letter is expected this time.
Read more about the Pound in the GBP/USD forecast.
In Australia, Monetary Policy Meeting Minutes Reserve Bank of Australia (RBA) Bank Board’s latest meeting record that provides insights on the financial conditions and decision on interest rates.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Current Account, value the difference between imported and exported goods, services and so on over the previous quarter; -2.97B is likely now from -4.42B on the last time.
For more about the kiwi, see the NZD/USD forecast.
Trade well