Consumer confidence is rising and so is Industrial Production and Capacity Utilization Rate showing a good climate in the US market. In Canada, BOC Deputy Governor John Murray speaks in Ottawa and Manufacturing Sales are up showing an overall positive air to the leading economies. Let’s see what’s on the menu today. In the US, consumer confidence is rising according to the Prelim UoM Consumer Sentiment report. It is expected to show an increase of 1.3 points from April’s 72.2 points. Later in the US, Core Retail Sales is anticipated to drop from 0.9% in April to 0.5% together with the retail sales report showing an even larger expected decrease of 1.6% from 1.9% in April. More in the US, Industrial Production is expected to move up by 0.5% a good indicator for the market’s recovery and so is Capacity Utilization Rate intended to rise by 0.6% from 73.2% in April showing an increased demand in the market and may affect inflation rates. Finally in the US, Business Inventories also correlates to the rising demand in the US market, expected to drop by 0.1% from 0.5 in April and Preliminary UoM Inflation Expectations is expected to follow April’s rate of 2.9%. In Canada, BOC Deputy Governor John Murray participates in a panel discussion at the Carleton University, in Ottawa. May affect interest rates and give clues on future monetary policy. More good news in Canada, Manufacturing Sales are expected to edge up by 1% from 0.1% in April indicating healthy activity in the market. Finally in Canada, New Motor Vehicle Sales are expected to decrease by 3.9% compared to April’s rise of 8.1%. For more on USD/CAD, read the Canadian dollar forecast. In Europe, Deutsche Bundesbank President Axel Weber delivers a speech titled “Lessons for monetary policy from financial crisis” at the 12th annual Inflation Targeting Seminar at the Banco Central do Brazil, in Rio de Janeiro. May affect interest rates and give clues on future monetary policy For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis. In Great Britain, The Conference Board’s Leading Index released monthly is expected to remain around 0.6%. Read more about the Pound in the GBP/USD forecast. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next EUR/USD Candle Breakout Update Yohay Elam 13 years Consumer confidence is rising and so is Industrial Production and Capacity Utilization Rate showing a good climate in the US market. In Canada, BOC Deputy Governor John Murray speaks in Ottawa and Manufacturing Sales are up showing an overall positive air to the leading economies. Let's see what's on the menu today. In the US, consumer confidence is rising according to the Prelim UoM Consumer Sentiment report. It is expected to show an increase of 1.3 points from April's 72.2 points. Later in the US, Core Retail Sales is anticipated to drop from 0.9% in April to 0.5% together with… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
