In the US Fed Chairman Bernanke Speaks and Manufacturing Production in the UK are the major market-movers. Let see what awaits us today.
In the US, Ben Bernanke, Federal Reserve Chairman; is about to speak in Chicago.
More In the US, Trade Balance, value the difference between imported and exported goods, further reduce is predicted from -46.0B on the last month down to -49.8B.
Later in the US, Unemployment Claims, number of the first time unemployment insurance that were filed on the previous month, rise is likely from 365K on April up to 371K now.
Later on in the US, Import Prices, measures the price change of domestically imported goods and services on the last month, reduce is likely from 1.30% on April down to -0.10%.
Moreover in the US, Federal Budget Balance, measures the difference between the federal government’s incomes and spending, rise is expected from -198.2B on April up to 30.5B this time.
Finally in the US, Treasury Currency Report, published twice per year; and gives a detailed review of global exchange rate policies, financial conditions, and bank and government global actions, also give the Treasury deems currency manipulators.
In Canada, Trade Balance, value the difference between imported and exported goods, rise id forecast from 0.3B on April up to 0.7B this month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, French Industrial Production, value of the manufacture’s mines, and utilities output, about to droop down from 0.30% on April down to-0.40% now.
Later in Europe, European Central Bank (ECB) Monthly Bulletin, show the statistical figures that the ECB Governing Board assessed on the latest interest rate decision.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Rate Statement, usally used by the MPC to communicate with investors regarding the financial policy. Also contains the policy measures and interest rates. While the Official Bank Rate is expected to remain 50% with no change from the last months.
More in Great Britain, Manufacturing Production Later in Great Britain, manufacturer’s output value over the last month, about to rise up from -1.00% on April to 0.50% now,
Later on in Great Britain, Asset Purchase Facility, value the Bank of England (BOE) money creation and open market use, due to remain with no change from the previous time 325B.
Finally in Great Britain, National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate, value the total of all the economy goods and services on the last 3 months; 0.10% is calculated similar to April’s report.
Read more about the Pound in the GBP/USD forecast.
In Australia, Employment Change, measures the employed people over the previous month; is about to drop down from 44.0K on April to -4.8K now.
Later in Australia, Unemployment Rate, value the total work force in percentage that is unemployed and looking for jobs on the last month, rise of 0.10% is likely form April up to 5.30%.
For more on the Aussie, read the AUD/USD forecast.
Trade well
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