New Home Sales in the US and Second Estimate GDP in the UK are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, value the unemployed that filed for insurance for the first, 347K is due from 360K on the past week.
Later in the US, New Home Sales, value the yearly new single-family homes that were sold on the last month, 429K is likely from 417K on the last time.
More in the US, James Bullard, Federal Reserve Bank of St. Louis President is due to speak in London.
Finally in the US, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to rate the business conditions like employment, new orders, supplier deliveries and inventories, 51.6 points are due now from 52.1 points on the last month.
In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to value the business conditions such as employment, new orders, supplier deliveries and inventories, rise up to 47.1 points from 46.7 points on April is likely. On the German Flash Manufacturing PMI rise up to 48.6 points is likely. And on the French Flash Manufacturing PMI 44.8 points are due now.
Later in Europe, Flash Services Purchasing Managers’ Index (PMI), Monthly Survey to show the business conditions like production, prices and inventories, 47.4 points are predicted now from 47.0 on April. On the German Flash Services PMI rise up to 50.2 points is calculated now. And on the French Flash Services PMI 44.7 points are forecasted this month.
Later on in Europe, Mario Draghi, European Central Bank (ECB) President, is about to speak in London.
Finally in Europe, GfK German Consumer Climate, Survey to rate the past and future financial conditions, including personal financial situation and overall economic situation, 6.2 points are due now similar to the last report.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Second Estimate Gross Domestic Product (GDP), the broadest measure of financial activity that measures all goods and services produced by the economy, 0.3% is due with no change from the last quarter.
Later in Great Britain, Prelim Business Investment, the capital investments that were made by businesses and the government, rise up to 1.7% from -0.8% on the last quarter is likely.
Read more about the Pound in the GBP/USD forecast.
In New Zealand, Trade Balance, value the difference between imported and exported goods, 468M is expected now from 718M on the last time.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Haruhiko Kuroda, Bank of Japan (BOJ) Governor, is likely to speak in Tokyo.
Read more about the yen in the USD/JPY forecast.
Trade well
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