We summarize this week Halifax HPI in the UK and GDP in Canada are the major events this day. Here is an outlook on the market-movers awaiting us.
In Canada, Gross Domestic Product (GDP), the primary economic activity measure to value Change in the economy production of all goods and services, growth is predicted from -0.1% on January up to 0.3% this time.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Producer Price Index (PPI), monthly report to value the producer’s price change of finished goods and services, growth is predicted from -0.2% on January up to 0.6% now.
More in Europe, More in Europe, European Union (EU) European Central Bank (ECB) Summit (Day II), Heads of state are about to meet in Brussels regarding various monetary issues.
Finally in Europe, German Retail Sales, consumer spending primary indicator that is due to rise from 0.1% on January up to 0.5% this month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Halifax House Price Index (HPI), price change over the last month in the homes that are financed by Halifax Bank of Scotland (HBOS), due to drop down from 0.6 to 0.1%.
More in Great Britain, Construction Purchasing Managers’ Index (PMI), Monthly survey that is due to indicates industry expansion with rise of 1 point up to 51.5 points.
Read more about the Pound in the GBP/USD forecast.
In New Zealand, Australia and New Zealand Banking Group (ANZ) Commodity Prices, that measures the global price change in the exported supplies is due to remain 1.2% similar to the last month report.
For more about the kiwi, see the NZD/USD forecast.
That’s it for today.
For more events later in the week, check out the Live Forex Calendar
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