Forex trading starts slowly this week, with holidays in Britain and Japan. Yet, Pending Home Sales will draw much attention. Let’s see what’s up at the start of the new week:
Australia starts the week with the monthly ANZ Job Advertisements. Australian housing is expected to be left unchanged, with quarterly HPI at 0%.
In Europe, German Retail Sales are predicted to stabilize, after last month’s drop of 0.4%. Later in Europe, Final Manufacturing PMI and Sentix Investor Confidence are published.
In Switzerland, SVME PMI is expected to rise to 34 points. PMI is improving everywhere…
American Pending Home Sales will be watched closely. They are expected to rise by 0.1%, after soaring 2.1% last time. A related figure, Construction Spending, is predicted to fall.
In the evening, Federal Reserve Bank of Richmond President Jeffrey Lacker will speak, and might say something interesting in a reaction to audience questions.
That’s it for today. The week becomes much more exciting later this week. Check out the Forex Weekly Outlook.
Tension will build up towards Friday’s king of indicators: Non Farm Payrolls. Here are 8 reasons why NFP should be better.