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US ISM Manufacturing PMI, UK Manufacturing PMI and Australia rate decision are the main events lined up.  Let’s see what awaits us today.

In the US, ISM Manufacturing PMI, US manufacturing sector increased its activity in March reaching 53.4 from52.4 in February. The increase was within expectations indicating expansion. A small drop to 53.0 is predicted now.

Later in the US, Dennis Lockhart speaks, Federal Reserve Bank of Atlanta President Dennis Lockhart is due to speak in Beverly Hills. As a FOMC voting member, his words can provide clues on future monetary policy.

Later on in theUS, Construction Spending  dropped in February by 1.1% following 0.8% decline in January. An increase of 0.7% is expected this time.

More in the US, ISM Manufacturing Prices decreased in March to 61.0 from61.5 in February, lower than the 63.2 predicted by analysts. The index is expected to decline again to 59.2.

Finally in theUS, Total Vehicle Sales decreased in March to 14.4 million compared to 15.1 million in February. A small increase to 14.5 million is expected.

In Canada, Mark Carney speaks. Mark Carney head of the BOC is scheduled to speak in Toronto. His words can cause volatility in the market.

For more on USD/CAD, read the  Canadian dollar forecast.

In Great Britain, Manufacturing PMI measuring the level of activity in the manufacturing sector increased unexpectedly to52.1 in March following51.5 in February indicating growing optimism among producers. Analysts predict a small drop to 51.4.

Finally in Great Britain,Halifax HPI. Home prices climbed 2.2% in March, contrary to predictions of 0.3% drop after a decline of 0.4% in February. Another increase of 1.2% is expected this time.

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

In Australia, Cash Rate and RBA Rate Statement. Australian central bank maintained its interest rate at 4.25% as predicted in April despite the worsening economic conditions and slower inflation. This time RBA is expected to lower rates to 4.0%.

More in Australia,  House Price Index dropped 1.0% in the last quarter of 2011, more than the 0.7% decrease predicted by analysts, following 1.9% plunge in the third quarter. A smaller decline of 0.3% is predicted now.

Finally in Australia,  Commodity Prices gained 2.7% in March after a 3.2% increase in February meaning bigger trade surplus. A similar climb is expected now.

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

In Japan, Average Cash Earnings, Japanese employees increased their income by 0.7% in February after a 0.9% drop. This increase was above the 0.2% rise expected by economists. A rise of 0.4% is anticipated this time.

Finally in Japan, Monetary Base measuring the total domestic cash in circulation decreased 0.2% in March after the 11.3% surge in February. This balancing drop was contrary to predictions of 12.6% rise. A more modest increase of 4.1% is expected now.

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

Trade well