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Lots of economic indicators are published today, with the German ZEW Economic Sentiment standing out. Let’s see what’s up for dollar continue the plunge?

British figures start the day: BRC Retail Sales Monitor serves as the “mini retail sales” release. It rose by 2.8% last month, and is expected to keep on growing. The RICS House Price Balance shows that more areas are reporting a rising in price. The positive number of 22% is expected to be followed by 29% this time.

Later in Britain, Trade Balance is predicted to remain stable, at a deficit of around 6.2 billion. The CB Leading Index, which is based on data that has already been released, is expected to rise again, despite the recent fall in GDP.

GBP/USD broke the resistance line and is making a sharp move north. For more on the British Pound, read the GBP/USD Forecast.

New: A daily outlook from my partners:

In Japan, the Economy Watchers Sentiment is predicted to rise  cautiously  to 43.9 points. Near the end of the day, Core Machinery Orders are expected to jump by 3.7%.

Australia’s NAB Business Confidence will be released, and it’s expected to resume rising, after dropping last month. The Aussie is doing well.On the other side of the day, Westpac Consumer Sentiment is expected to continue rising, following last month’s 1.7% rise.

For more on the Australian dollar, read the AUD/USD Forecast.

In Europe, German Final CPI is expected to confirm the early read of a 0.1% – too low for thinking about a rate hike. Following yesterday’s nice rise in the German industrial production, France is also expected to show a rise – but only 0.9%.

The bigger event in Europe is the release of the German ZEW Economic Sentiment. This highly regarded indicator is predicted to fall from 56 to 55.2 points, showing that the recovery in Europe’s largest economy is still slow. The all-European figure is expected to rise to 58.9 points.

For more on the Euro, read the EUR/USD Forecast.

In the US, the falling dollar still doesn’t receive any significant indicators this week, but there a few notable speeches: FOMC members Dennis Lockhart, Janet Yellen and Daniel Tarullo will be speaking today.

Towards the end of the day, kiwi traders will receive the RBNZ Financial Stability Report which is a good indicator the whole economy. NZD/USD made a huge leap in yesterday, and owes some of these gains to the local dairy company of Fonterra, which increased its payout to farmers.

Westpac Consumer Sentiment
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