We start the week with some interesting events like Industrial Production in Europe and Prelim GDP in Japan as the main highlight on today’s outlook. Let’s see what awaits us today.
In Canada, Bank of Canada (BOC) Governor Mark Carney, is due to speak in Toronto.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Industrial Production, measures the inflation value of manufacturers output, due to decrease from 1.6% on October down to -2.1%.
For more on the Euro, read the Euro to dollar forecast.
In Switzerland, Producer Price Index (PPI), important consumer inflation indicator that value the producer’s goods and services prices, about to additional decreases from -0.1% down to -0.3%.
Read more about the Swiss franc in the USD/CHF forecast.
In New Zealand, Retail Sales, Retail Sales, key measure of consumer spending, is due to decrease from 0.9% on October down to 0.6% this time, and the Core Retail Sales (apart from cars and gas stations) is due to reduce from 1.0% to 0.7%.
For more about the kiwi, see the NZD/USD forecast.
In Japan, Prelim Gross Domestic Product (GDP), the largest quarterly value of financial activity is about to rise up from -0.5% to 1.5%. Meanwhile in the Prelim GDP Price Index 2.2% is expected to remain with no change from the last time.
Finally in Japan, Revised Industrial Production is due to rise from -4.0% to -3.7%.
Read more about the yen in the USD/JPY forecast.
That’s it for today.
For more events later in the week, check out the Live Forex Calendar
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