New Home Sales in the US and Retail Sales in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, USD, New Home Sales, measures the number of new homes sold on the last month, rise is forecasted from 328K up to 335K
Later in the US, Crude Oil Inventories, measures the number of commercial crude oil barrels that are held in inventory over the past week, 2.1M is predicted similar to the previous month.
Finally in the US, House Price Index (HPI),rise is expected from 0.3% on April up to 0.4% now.
In Canada, the total value of sales at the retail level, rise of 0.1% is predicted up to 0.6% from April, and similar rise we is expected on the Core Retail Sales (excluding vehicles) up to 0.4% from -0.2% on April.
More in Canada, CAD, Leading Index is expected to decree by 0.1% from April down to 0.3%.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Current Account, Value the difference between imported and exported goods, services, is about to rise up from -1.3B on April up to 3.4B this time
More In Europe, Industrial New Orders, Measure the total value of manufacturer’s new orders placed is about to rise from -1.2% on the last month up to -0.1% now
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, GBP, Charles Bean, Bank of England (BOE) Deputy Governor, is due to speak in Cirencester.
Later in Great Britain, Monetary Policy Committee (MPC) Meeting Minutes, Bank of England (BOE), Monetary Policy Committee (MPC); recent meeting of the Bank of England (BOE) MPC’s regarding the economic conditions on where to set interest rates and on the outcome.
More in Great Britain, Retail Sales, the total value of sales at the retail level; is due to reduce from1.8% on April down to -0.7% this month
Finally in Great Britain, CBI Industrial Order Expectations, manufacturer’s survey to rate the expected level of order volume on the next 3 months, due to further reduce from 08 points down to -9 points.
Read more about the Pound in the GBP/USD forecast.
In Australia, AUD, CB Leading Index, The Conference Board (CB), composite index that is based on 7 financial indicators is due to remain similar to the last month.
More in Australia, Melbourne Institute (MI) Leading Index, composite index which is based on 9 monetary indicators, due to remain 0.2% like on April.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, NZD, Trade Balance, in value difference between imported and exported goods; 134M is likely with no change from the last time.
For more about the kiwi, see the NZD/USD forecast.
In Japan, JPY, Monetary Policy Statement, the main tools that is used by the Bank of Japan (BOJ) for communicate with investors regarding financial policy. Shows the decision on interest rates and projects the economic outlook for of future rate decisions. Meanwhile the Overnight Call Rate remains similar to the last months 0.10%. And followed by the Bank of Japan (BOJ Press Conference
Read more about the yen in the USD/JPY forecast.
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