The week starts slowly, with Canada being on holiday, and not too many indicators standing out. Still, there are some events that might move the markets. Let’s see what’s up for the start of the new trading week:
New Zealand’s PPI Input starts the forex trading week, actually on Sunday, just before midnight. It’s expected to fall by 0.1%, much better than last quarter’s 2.2% fall. PPI Output is expected to rise by 0.4%.
In Britain, the Rightmove HPI is published also before day break (GMT).
Japanese Household Confidence is expected to rise to 32.1, from 28.9. The Japanese economy is still at rock bottom.
In Europe, Trade Balance is expected to show a deficit of 3.8 billion, less than last month. Also note a speech by Deutsche Bundesbank President Axel Weber, one of the key members in the European Central Bank (ECB). This might move the EUR/USD.
Also in the US no major indicators are published today. Still, the NAHB Housing Market Index might move the markets. Also US Treasury Secretary Timothy Geithner is known for his ability to shake the dollar. He’ll speak at the Newsweek Magazine Event, in Washington DC.
Just before the day ends, RBA Governor Glenn Stevens will speak (in Sydney) and might shed some light on Austalia’s strong economy.
That’s it for Monday. For an overview of the week’s events, check out the Forex Weekly Outlook.
Share
