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BOE Inflation Report in the US and Claimant Count Change in the UK are the main events today.   Here is an outlook on the market-movers awaiting us

In the US, Consumer Price Index (CPI), value the consumer’s price change of goods and services, due to reduce by 0.3% this month, while the Core CPI (apart from food and energy) is expected to remain 0.1% similar to the last report.

More in the US, Treasury International Capital (TIC) Long-Term Purchases, monthly report to value domestic securities and currency demand, is about to rise from 57.9B on October up to 63.4B now.

Later in the US, Capacity Utilization Rate, indicator of consumer inflation to value the manufacturer’s utilized resources, is due to rise by 0.2% up to 77.6% this time.

Later on in the US, Industrial Production, measures the value of manufacturers output, is about to rise by 0.2% to 0.4% from October.

Finally in the US, Crude Oil Inventories, weekly indicator that rise is expected by 0.1% to -1.3M.

In Europe, Consumer Price Index (CPI), monthly value for the consumer prices about to remain 0.3% like on the last time and also no change in the Core CPI (apart from energy, food, tobacco and alcohol), 1.6% is

For more on the Euro, read the  Euro to dollar forecast.

In Great Britain, Claimant Count Change, measure the unemployment-related benefits over the passing month, rise is predicted from 17.5K on October up to 20.4K now.

More in Great Britain, Mervyn King, Bank of England (BOE) Governor, is about to lecture in London.

Later in Great Britain, Bank of England (BOE) Inflation Report, offers important vision into the financial conditions of the bank’s view and  of and upcoming of financial policy regarding the interest rate decisions.

Finally in Great Britain, Average Earnings Index, the government payment for labor & bonuses, reduce is expected from 2.8% on October down to 2.5% now.

Read more about the Pound in the  GBP/USD forecast.

In Australia, Glenn Stevens, Reserve Bank of Australia (RBA) Governor, is about to speak in Sydney.

More in Australia, Wage Price Index, consumer inflation primary gauge, those quarterly measures the businesses and government payment for labor, no change is predicted from 0.9% on the last report.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, Producer Price Index (PPI) Input, manufacturer’s prices for raw materials and goods, decrease from 0.9% on October down to 0.6% now is foretold.

For more about the kiwi, see the NZD/USD forecast.

In Japan, Monetary Policy Statement that covers the interest rates  decision and offers signs regarding the future rate decisions. Followed by BOJ Press Conference and no change is predicted in the Overnight Call Rate and 0.10% is forecasted like on the previous times.

Read more about the yen in the USD/JPY forecast.

That’s it for today.

Happy forex trading!

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