Tuesday already features a nice bunch of indicators: CB Consumer Confidence in the US, British Nationwide HPI and lots of European figures. Let’s see what’s on the menu:
Inflation Expectations start the day in New Zealand. No surprises are expected with kiwi prices.
In Switzerland, UBS Consumption Indicator is an excellent gauge for the Swiss economy. It stood at 0.99 last time. Later in Switzerland, Employment Level is predicted to squeeze to 3.92 million, from 3.96 million. These figures should move the USD/CHF.
In Europe, there are lots of figures today: GfK German Consumer Climate is the first. It’s expected to stay at 2.5 points – stable and dire…
Later, German Final GDP isn’t predicted to change, remaining at a contraction of 3.8%. German Import Prices aren’t expected to change.
Later in Europe, French Consumer Spending is expected to turn negative, falling by 0.5%. European Current Account is predicted to show a smaller deficit this time – of only 7.3 billion.
Industrial New Orders, probably the most important figure for today in the old continent, is predicted to turn positive, rising by 1% after falling by 0.6%. Also note the Belgium NBB Business Climate, predicted to stay negative, but rise to -27.
In Britain, Nationwide HPI is predicted to fall by 0.9%, worse than last month’s 0.4%. British housing is strill struggling.
In the US, CB Consumer Confidence is predicted to rise from 39.2 to 42.1. This is the first significant figure for the greenback this week, and such a positive move in Consumer Confidence should help the US dollar.
Also in the US, S&P/CS Composite-20 HPI isn’t predicted to bring good news, and -18.4% is the expected turnout. Also in the US, Richmond Manufacturing Index will be published.
Just before midnight GMT, two important figures will be released in Japan: Monetary Policy Meeting Minutes which will explain the cautious optimism that was shown by the BOJ last week, and Trade Balance which is expected to be almost even.
For the rest of the week, please look into the Forex Weekly Outlook.
You may also be interested in:
- Pound at New Ground – What’s Next? – For a special coverage on the Pound this week.
- Contraction or Retraction? For an outlook on the greenback.