CPI in the UK and Monetary Policy Meeting Minutes in Australia are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Federal Open Market Committee (FOMC) Meeting Minutes, FOMC’s recent meeting, providing insights on the financial conditions that influenced the interest rates.
Later in the US, Ben Bernanke, Federal Reserve Chairman is due to testify in Washington DC.
More in the US, Existing Home Sales, value the yearly residential buildings that were sold on the last month (not including new construction), rise up to 4.99M is due from 4.92M on April.
Also in the US, Crude Oil Inventories, weekly indicator to measure the commercial barrels of crude oil that is held in inventory.
Finally in the US, Jack Lew, US Treasury Secretary, is about to testify in Washington DC.
In Canada, Retail Sales shows the total value of sales at the retail level, drop down to 0.2% is expected from 0.8% on the last report. While on the Core Retail Sales (not including cars) 0.2% is due with no change from the last month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, European Union (EU) Economic Summit, the Heads of state are expected to meet, in Brussels.
Later in Europe, Current Account, value the difference between imported and exported goods and so on, over the previous month; 14.2B points are due from 16.3B on April.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, record of the Bank of England (BOE) MPC’s recent meeting, on economic conditions that influenced the interest rates and offering clues on future votes outcome.
Later in Great Britain, Retail Sales calculates al the sales at the retail level, rise up of 0.7% is likely now.
More in Great Britain, Charles Bean, Bank of England (BOE) Deputy Governor, is due to speak in Castle Donington.
Also in Great Britain, Confederation of British Industry (CBI) Industrial Order Expectations, monthly Survey to rate the order volume expected for the next 3 months, -18 points is forecasted from -25 points on April
Finally in Great Britain, Public Sector Net Borrowing shows the difference between spending and income for public corporations, central and local government, 7.6B is due now from 16.7B on the last month.
Read more about the Pound in the GBP/USD forecast.
In Switzerland, Chairman Thomas Jordan, Swiss National Bank (SNB) Governing Board, is about to speak in Frankfurt.
Read more about the Swiss franc in the USD/CHF forecast.
In Australia, Melbourne Institute (MI) Inflation Expectations, value by percentage the consumer’s expect price change for goods and services for the next 12 months, 2.2% is due similar to the last time.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Bank of Japan (BOJ Monthly Report is likely now.
Read more about the yen in the USD/JPY forecast.
Trade well
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