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ZEW Economic Sentiment in Europe and Annual Budget Release in Australia are the main events lined up.  Let’s see what awaits us today.

In the US, Import Prices, value the price change of imported goods and services that were purchased domestically over the last month, -0.5% is likely similar to the last report.

Later in the US, National Federation of Independent Business (NFIB) Small Business Index, rise of 0.4 points from the last monthly survey is due up to 89.9 points now.

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

In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Monthly Survey to value the economic outlook for the Eurozone over the past 6 months, 27.3 points are due now from 24.9 points on the last time. And on the German ZEW Economic Sentiment 39.5 is predicted from 36.3 points on April.

Later in Europe, The Economic and Financial Affairs Council (ECOFIN) Meetings usually are held in Brussels by Finance Ministers from EU member states. They discuss series financial issues like euro support mechanisms and government finances.

More in Europe, Industrial Production, value all the output produced by manufacturers, mines, and utilities rise, of 0.2% is expected now up to 0.6% from April.

Also in Europe, German Final Consumer Price Index (CPI) is likely to stray -0.5% with no change from the last report on April.

Finally in Europe, German Wholesale Price Index (WPI), -0.3% is calculated now from -0.2% on the last time.

For more on the Euro, read the  Euro to dollar forecast.

In Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance is due to rise up to  2% from -1% on April.

Later in Great Britain, The Conference Board (CB) Leading Index, 0.4% is calculated now similar to the last time.

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

In Australia, Annual Budget Release value the domestic government spending and borrowing levels and their impact on nation’s credit rating.

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

In Japan, Corporate Goods Price Index (CGPI), -0.2% is forecasted this month from -0.5% on April

Later in Japan, Prelim Machine Tool Orders, likely to remain -21.5% with no change from the previous month.

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

Trade well