CPI in Canada and Producer Price Index in Europe are the major events this day. Here is an outlook on the market-movers awaiting us.
In Canada, Bank of Canada CPI (Consumer price index) measures the cost of living by comparing basket of goods and services including volatile components, is likely to reduce by 0.6% on the monthly index and rise by 0.1% on the yearly Meantime Bank of Canada Core CPI excluding two volatile components food and energy provides a stable figure at the cost of disregarding two important sectors in the economy; this index figure is expected reduce by 0.5% on the monthly index and 0.1% on the yearly.
More in Canada, Retail Sales, report major indicator of consumer spending, 0.5% rise is expected on the monthly report is expected and 0.7% remain on the yearly.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Producer Price Index (PPI) – Germany, issued by the Statistisches Bundesamt Deutschland and measures the changes in prices of finished products a good indicator of consumer inflation. A rise of 0.2% is expected. On the monthly index while on the yearly reduce of 0.2$ is forecasted.
More in Europe, Consumer Confidence a leading indicator of economic health measuring the level of consumer confidence in economic activity. -12 points are expected now.
Also in Europe, Current Account, net flow of current businesses, services, goods and interest costs in Europe -6.5 billion is expected now.
For more on the Euro, read the EUR/USD forecast.
In New Zealand, Credit Card Spending, measuring credit card expenditure indicating economic, is expected to 1.5% is likely to occur.
In Japan, Bank of Japan Interest rate (BoJ) announced by the Bank of Japan, it affects the exchange rate and it’s about to remain 0.1%.
That’s it for today. Happy forex trading!