GDP in Canada and New Home Sales in Australia are the main highlight on today’s outlook. Let’s see what awaits us today.
In Canada, Gross Domestic Product (GDP), the broad measure of the Eurozone, total value of all goods and services produced by the Eurozone. Is expected to rise by 0.4% on the monthly repot and by 0.7% on the quaintly.
More in Canada, Current Account, net flow of current businesses, services, goods and interest costs in Canada a rise of 8.15 billion is expected now.
For more on USD/CAD, read the Canadian dollar forecast.
In Australia, HIA New Home Sales by the Housing Industry Association that measures the number of new houses sold including prices affecting mortgage rates. A major indicator of economic conditions, 4.3% is about to remain this time.
More in Australia, Company Gross Operating Profits measuring the total amount of pre-tax incomes earned from professional activities, without interest expense on borrowing and estimate adjustments. Reduction of 0.8% is expected this time.
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, 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 136 million is now expected.
In Japan, Annualized Housing Starts, by the Japan Mortgage and Housing Corporation that measures the amount of new buildings or homes that were built Reduction 1.5% and of 0.102 million is expected in the Annualized report.
More in Japan, Construction Orders, housing key indicator that housing measures the orders received by construction companies is about to remain -11%.
Later in Japan, Unemployment Rate the percentage of people actively seeking employment and affects consumer spending an indicator of economic conditions is expected to rise by 0.1%.
Also in Japan, Industrial Production, Measures changes of output in mining, manufacturing, construction and energy sectors in Japan a strong indicator of industrial conditions. Rise of 17.7% is expected on the monthly report and of 0.7% on the yearly report.
That’s it for today. Happy forex trading!
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