FOMC Minutes in the US and Unemployment Rate in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, FOMC Minutes (Federal Open Market Committee), 8 yearly meetings to evaluates financial, monetary conditions and how it affects the price growth.
More in the US, James Bullard, President of Federal Reserve Bank of St. Louis is about to deliver a speech.
Later the US, MBA Mortgage Applications, weekly index measures home loan demand a leading indicator of home sales is expected now to remain 8.2%.
Finally in the US, EIA Crude Oil Stocks Change (Energy Information Administration), inventories and indicator of oil demand and rates is expected now to 3.8 Million I forecasted.
In Canada, Wholesale Sales, can affect the total inventory profile which can influence the GDP prediction. 0.6% rise is forecasted now.
More in Canada, Leading Indicators, a composite index aimed to predict future trends in the US economy, is expected now to reduce by 0.2%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Construction Output measuring the strength of the building industry and suggestions regarding investments made in this sector and high analysis is positive for the EUR. -0.7% is furcated now on the monthly report and 3.6% on the yearly.
For more on the Euro, read the EUR/USD forecast.
In Great Britain, Bank of England (BOE) Meeting Minutes releases the minutes from the last Monetary Policy Committee meeting where interest rate is set. The minutes provide the reasons leading to this decision.
More in Great Britain, Unemployment Rate the percentage of people actively seeking employment and affects consumer spending an indicator of economic conditions 7.8% is expected to now.
Read more about the Pound in the GBP/USD forecast.
In Australia, Wage Price Index, issued by the Australian Bureau of Statistics measures changes in prices of finished products a good indicator of consumer inflation. A rise of 0.2% is expected on the monthly level and 0.2% on the quarterly.
For more on the Aussie, read the AUD/USD forecast.
That’s it for today. Happy forex trading!
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