U.S. Unemployment Claims, U.S. Producer Price Index and U.S. TIC Long-Term Purchases make the headlines today. Here is an outlook on market moving events before the close of another trading week. In the US, Unemployment Claims dropped sharply last week to 451K. A rise to 463K is expected. Only a drop under 430K will be significant. Later in the US, Producer Price Index shifts from negative to low positive figures signaling deflation trend. Following a rise of 0.2% in July, a small rise to 0.3% is expected now. Core PPI is likely to rise by 0.1%, weaker than last month’s 0.3% rise. U.S. Current Account released quarterly, a duplicate of the monthly Trade Balance data, expected to increase deficit by 25B reaching 124B. More in the US, TIC Long-Term Purchases measuring the balance of domestic and foreign investment in the US market predicted to slide below 40 billion following 44.4B in the previous month. Finally in the US, US Philly Fed Manufacturing Index an important industrial gauge dropped sharply -7.7 points signaling negative atmosphere in the US economy. A small 0.9% rise is predicted now. In Great Britain, British retail sales jumped in July by 1.1%, a modest increase of 0.3% is expected now. More in Great Britain, CBI Industrial Order Expectations a leading indicator of economic health released monthly is forecasted further improvement to -12 points, 2 points less than in the previous month. As production anticipated to rise further we will see additional reductions. Later in Great Britain, External BOE MPC Member Adam Posen speaks at the Macroeconomic Advisers 20th Annual Policy Seminar, in Washington DC May affect interest rates and provide information regarding future monetary policy. Finally in Britain, Consumer Inflation Expectations leaped to 3.3% in the previous quarter a drop is expected now. Read more about the Pound in the GBP/USD forecast. In Switzerland, Swiss National Bank Interest Rate Announcement is likely maintaining its monetary policy leaving the low rate of 0.25%. More in Switzerland, Libor Rate measuring the London interest rate for 3-month Swiss franc deposits expected to maintain 0.25% interest rate as in the previous months. Finally in Switzerland, Industrial Production a leading indicator of economic health, released quarterly predicted to surge 3.3% following a sharp and unexpected 7.8% drop in the previous quarter. In Australia, MI Inflation Expectations reached 2.8% in July lower than in June. a rise is expected now. For more on the Aussie, read the AUD/USD forecast. In Japan, BOJ Governor Masaaki Shirakawa speaks at the Second Annual Fall Conference of the International Journal of Central Banking, in Tokyo May affect interest rates and provide information regarding future monetary policy. That’s it for today. Happy forex trading! Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Anat Dror Anat Dror Anat Dror Senior Writer I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew. In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students. I've also worked as a community organizer Anat's Google Profile View All Post By Anat Dror Daily Look share Read Next Powerful Yen Intervention, Aussie Tests and Goldman Move in Yohay Elam 12 years U.S. Unemployment Claims, U.S. Producer Price Index and U.S. TIC Long-Term Purchases make the headlines today. Here is an outlook on market moving events before the close of another trading week. In the US, Unemployment Claims dropped sharply last week to 451K. A rise to 463K is expected. Only a drop under 430K will be significant. Later in the US, Producer Price Index shifts from negative to low positive figures signaling deflation trend. Following a rise of 0.2% in July, a small rise to 0.3% is expected now. Core PPI is likely to rise by 0.1%, weaker than last month's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
