Prelim GDP in the US and ANZ Business Confidence in New Zealand are the major market-movers. Let see what awaits us today.
In the US, Unemployment Claims, weekly indicator to value the individuals who filed for unemployment insurance for the first time, rise up to 342K is likely now from 340K.
Later in the US, Prelim GDP, the broadest measure of financial activity that value all goods and services produced by the economy, 2.5% is due similar to the last quarter.
More in the US, Pending Home Sales shows the homes under contract to be sold before the transaction (without new construction), reduce down to 1.3% from 1.5% on April.
Finally in the US, Crude Oil Inventories, weekly report to value the of commercial crude oil barrels that are held in inventory, -0.8M is forecasted now from -0.3M.
In Canada, Current Account, value the difference between imported and exported goods, services and so on, -15.3B is likely now from -17.3B on the last quarter.
Later in Canada, Raw Materials Price Index (RMPI), value the manufacturer’s price change raw materials, -0.7% from -1.7% is expected now.
For more on USD/CAD, read the Canadian dollar forecast.
In Australia, Private Sector Credit, calculates all the new credit that were issued to consumers and businesses, rise up to 0.3% from 0.2% is due now.
In Europe, German Retail Sales value all the sales at the retail level (not including cars and gas stations), 0.3% is expected now from -0.5% on April.
Later in Europe, French Consumer Spending, shows the value of all goods expenditures by consumers, -0.5% is likely now from 1.3% on the last month.
For more on the Euro, read the Euro to dollar forecast.
In New Zealand, ANZ Business Confidence Survey to rate the relative 12 month financial outlook, 32.3 is forecasted similar to the last month report.
Later in New Zealand, Overseas Trade Index, the internationally traded price change of goods and services, rise up to 1.2% is predicted from -1.3% on the past quarter.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Household spending all expenditures by consumers, is due to drop down to 3.1% from 5.2% is due.
Later in Japan, Tokyo Core Consumer Price Index (CPI), value the consumers price change of goods and services in Tokyo (not including fresh food), -0.2% is predicted now from -0.3% on April.
Finally in Japan, Prelim Industrial Production, the total value of output produced by manufacturers, mines, and utilities, rise up to 0.8% is due from 0.2% on the last month.
Read more about the yen in the USD/JPY forecast.
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