We start the week with a significant rise in TIC Long-Term Purchases in the US continues in Swiss SNB Chairman Hildebrand Speech, Let’s see the other interesting news up for today
Treasury International Capital (TIC) Long-Term Purchases released monthly represents the balance of domestic and foreign investment is rising up to 50.5 Billion from 47.1 Billion.
In the US, Empire State Manufacturing Index, released monthly, is measuring the level of a diffusion index based on surveyed manufacturers in New York State; Survey of about 200 manufacturers in New York State which asks respondents to rate the relative level of general business conditions; is forecast to droop to 30.2 from 31.9 last month.
Later in the US, National Association of Home Builders (NAHB) Housing Market Index, Survey of about 900 home builders which asks respondents to rate the relative level of current and future single-family home sales; measures the level of a diffusion index based on surveyed home builders; is about to rise up from 19 to 20.
For more on USD/CAD, read the Canadian dollar forecast.
In Great Britain, Rightmove House Price Index (HPI). This is the UK’s earliest monthly report on housing inflation, It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity; It will probably be similar this time.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Swiss National Bank (SNB) Governing Board Chairman Philipp Hildebrand Speaks about course for Swiss economy, in Zurich; he controls short term interest rates, and have the highest influence over the nation’s currency value. Traders often used to drop subtle clues regarding future monetary policy;
In New Zealand, Producer Price Index (PPI) Input that measures the change in the price of goods and raw materials purchased by manufacturers will probably be similar this time & Producer Price Index (PPI) that measures the change in the price of goods sold by manufacturers will probably show another rise of 0.1% could be seen now
In Japan, Tertiary Industry Activity that Measures the Change in the total value of services purchased by businesses; indicate early signal of future economic activity is about to droop down from -0.2% to -1.3%.
Later in Japan, Core Machinery Orders that measures the change in the total value of new private-sector purchase orders is about to rise up from -5.4% to 6%
More in Japan, Corporate Goods Price Index (CGPI) that Measures the change in the price of goods sold by corporations is forecasted to rise up from -1.3% to -0.2%.
Note a speech by Australian senior banker Malcolm Edey later in the week.
That’s it for today. Happy forex trading!
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