We end this week with some interesting updated, Unemployment Rate in the US and Building Permits in Canada as the major events this day. Here is an outlook on the market-movers awaiting us.
G20 Meetings (Day 2), the Group of Twenty (G20) is an important global policy-making figure effective at the uppermost level, which impact the cash markets.
In the US, Unemployment Rate, value of the all work force (by percentage) that are looking for employment over the passing month, 9.1% are expected to remain like on October. Meanwhile on the Non-Farm Employment Change drop of 5K is expected down to 98K.
Later in the US, Average Hourly Earnings, important indicator of consumer inflation to value the businesses pay for labor price (without the farming manufacturing), 0.2% is forecasted similar to October.
Finally in the US, Daniel Tarullo, Federal Reserve Governor due to speak in Washington DC
In Canada, Unemployment Rate, measures the total work force (by percentage) that are looking for jobs on the previous month, a rise of 0.1% from October up to 7.2% is expected, while on the Employment Change reduce is expected from 60.9K on October down to 20.3K now.
More in Canada, Building Permits, future construction activity indicator to value the new building permits that were issued on the last month,2.7% rise this time from -10.4% on October is predicted.
Finally in Canada, Ivey Purchasing Managers’ Index (PMI), monthly survey to value the business conditions such as production, prices, supplier deliveries, inventories etc. rise of 0.5 points is expected up to 56.2 points this month.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Factory Orders, measures the change of new manufacturers’ orders, rise from -1.4% on October up to 0.3% is foreseen now.
Later in Europe, Final Services Purchasing Managers’ Index (PMI) due to remain 47.2 points with no change from October.
Finally in Europe, Producer Price Index (PPI), is about to rise up to 0.3% from the last month.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Halifax House Price Index (HPI), housing industry’s indicator to value the prices of households that are financed by Halifax Bank of Scotland (HBOS); is about to rise by 0.6% up to 0.1%.
Read more about the Pound in the GBP/USD forecast.
In Australia, Reserve Bank of Australia (RBA) Monetary Policy Statement, vision into the bank’s financial conditions and inflation.
That’s it for today.
Happy forex trading!
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