Japan‘s rate decision and Mario Draghi’s speech are the major market-movers. Let see what awaits us today.
In theUS, S&P/CS Composite-20 HPI. The selling price of single family homes increased by 1.2% in July following a 0.6% climb in the preceding month. The reading was broadly within expectations. A higher rise of 1.9% is expected now.
In Canada, RMPI / IPPI. Canadian Raw Materials Price Index surged by 3.4% in July, well above predictions of a 1.4% increase, indicating an inflation trend. Meanwhile the selling prices of finished goods dropped unexpectedly by 0.1% in July after a 0.65 decline in June. Analysts expected a 0.1% rise. EMPI is expected to climb 1.2% while IPPI is predicted to increase by 0.2%.
Also in Canada, Mark Carney speaks. Mark Carney BOC Governor is scheduled to speak in Ottawa. His words may provide clues to future monetary policy.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, Mario Draghi speaks. ECB President Mario Draghi will speak in Frankfurtat the Second Conference of the Macro-Prudential Research Network of the European System of Central Banks. His words can cause volatility in the markets.
Later inEurope, Spanish Flash GDP. The value of goods and services declined by 0.4% in the second quarter following a 0.3% drop in the preceding quarter. The reading was in line with predictions. Another decline of 0.4% is expected now.
More in Europe, German Unemployment Change.Germany’s unemployment count increased by9,000 in August, a bit lower than the 10,000 rise predicted by analysts and following a 11,000 increase in July. This tine an increase of 10,000 is forecasted.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, CBI Realized Sales. The pace of current sales according to manufacturers improved significantly in September to 6 from-3 in August, above the 5 reading predicted by analysis, indicating increased consumer spending. A further rise to 8 is anticipated now.
Read more about the Pound in the GBP/USD forecast.
In Australia, Philip Lowe speaks. Philip Lowe RBA Deputy Governor will speak in Sydney. His speech can provide information regarding the future rate decision and other monetary policy matters.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Rate decision and the BOJ Press conference. The BOJ maintained its rate at 0.10% and kept its asset purchase program intact. No change is expected now.
Later in Japan, BOJ Outlook Report. The semi-yearly BOJ Outlook Report will be released detailing the banks opinion on current economic conditions as well as inflation trends.
Read more about the yen in the USD/JPY forecast.
Trade well
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