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Building Permits in the US and BOE Inflation Report in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Building Permits, Value the new residential building permits that were issued on the last month; due to reduce by 0.2% down to 0.73M now.

Later In the US, Federal Open Market Committee (FOMC) Meeting Minutes, Scheduled 8 times per year, and shows the FOMC’s most recent meeting record and also provides insights into the monetary and financial conditions that can influence the interest rates

Later on In the US, Treasury Currency Report, Scheduled twice a year and provides a review of the global exchange rate policies, financial conditions, and central bank and government activities round the world.

More in the US, Housing Starts, Annualized number of new residential buildings that began construction during the previous month, is due to rise by 0.4M from April up to 0.69M now.

Moreover in the US, Capacity Utilization Rate, consumer inflation that measure by percentage the manufacturers, mines, and utilities resources, due to rise by 0.3% up to 78.9% this time.

Also on in the US, Industrial Production, Monthly indicator to value the total value of manufacturers, mines, and utilities, due to rise up to 0.6% from April

Also the US, Mortgage Delinquencies, value the Mortgage Bankers Association (MBA) represented by percentage that were at least one payment late on the last quarter, 7.58% is due to remain.

Finally the US, Crude Oil Inventories, value the commercial crude oil barrels that are held in inventory on the passing week, 3.7M is likely with no change from the last week.

In Canada, Manufacturing Sales, value the manufacturer’s total sales due to rise up from -0.3% on April up to 0.5% this time.

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

In Europe, Consumer Price Index (CPI), Value the consumer’s price change for goods and services over the previous month, 2.6% is expected with no change from April. While on the Core CPI (without energy, food, alcohol and tobacco) reduce of 0.1% is likely down to 1.5%.

Later In Europe, Mario Draghi, European Central Bank (ECB) President, is about to speak in Frankfurt.

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

In Great Britain, Claimant Count Change, Value the number of people that are claiming for benefits related to unemployment on the last month, rise is predicted up to 4.9K from 3.6K on April

Later in Great Britain, Mervyn King, Bank of England (BOE) Governor, is due to lecture in London.

More In Great Britain, Bank of England (BOE) Inflation Report, quarterly report that provides valuable insight on the bank’s view regarding financial conditions and inflation.

Also In Great Britain, Unemployment Rate, value the total work force by percentage that is actively seeking for jobs on the last 3 months; 8.3% is due to remain similar to April’s report.

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

In Switzerland, ZEW/Credit Suisse Economic Expectations Economic Expectations, monthly survey to rate the monetary outlook for Switzerland on the last 6-months, 2.1 points are due similar to the previous month.

Read more about the Swiss franc in the USD/CHF forecast.

In Australia, Westpac Consumer Sentiment, Consumer’s Survey to value the   previous and forthcoming financial conditions such as employment and climate for major purchases, -1.6% is likely similar to April.

In Australia, Wage Price Index, consumer inflation indicator to value the   businesses and the government price change for labor (not including bonuses), reduce of 0.1% is predicted down to 0.9%.

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

In New Zealand, Producer Price Index (PPI) Input; measures the manufacturer’s price change for goods and raw materials, rise of 0.5% from April is forecasted.

 For more about the kiwi, see the NZD/USD forecast.

In Japan, Prelim Gross Domestic Product (GDP), the widest measure of financial activity and the main gauge of the economy’s health due to rise up from -0.2% to 0.9%

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

Trade well