GDP Price Index in the Us and Jean-Claude Trichet speech in Europe are the major market-movers. Let see what awaits us today.
In the US, GDP Price Index, Measures the monetary value of all the goods and services produced within a country. An indicator of economic health is expected to reduce by 0.2% to 1.9% while the Annualized GDP is expected to be 3.1%.
Later in the US, Personal Consumption Expenditures Similar to Consumer Price Index measuring changes in prices of consumer supplies and services is about to be 4%.
More in the US, Initial Unemployment Claims, a weekly report measuring the number of Americans filing new Unemployment Claims indicating the overall job market condition, 412K is forecasted, while the Counting Unemployment Claims is expected to be 3.71 million.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, More in Europe, Jean-Claude Trichet, President of the European Central Bank is about to deliver a speech.
For more on the Euro, read the EUR/USD forecast.
In Switzerland, Trade Balance, measuring the difference between the value of import and export. A positive figure indicated a trade surplus while a negative one shows a trade deficit. A rise of 0.963 is now expected.
More in Switzerland, Employment Level shows the number of occupied workers and indicates economic expansion with positive (or bullish) level of 4.100 million.
In Australia, Private Capital Expenditure measures present and upcoming capital spending intentions of the private sector and indicate on the inflationary pressures. A rise of 1.5% up to 2.8% is now expected.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Consumer Price Index (CPI) measures the cost of living by comparing basket of goods and services including volatile components, is likely to be 0.3% in the National level and 0.1% in Tokyo Meantime 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 to be -0.1% in the National level and 0.1% in Tokyo.
More in Japan, Retail Trade measuring the value of goods and services sold by manufacturers providing a major gauge of consumption and consumer confidence. A rise of 10.4% is expected on the monthly report and of 2.4% is expected now on the yearly.
Later in Japan, Large Retailer’s Sales, report major indicator of consumer spending, rise of 6.4% is expected.
That’s it for today. Happy forex trading!Get the 5 most predictable currency pairs