U.S. Consumer Price Index, U.S. Consumer Sentiment and U.S. Preliminary UoM Inflation Expectations are the main events wrapping up this trading week. Here is an outlook on today’s market – moving activities.
In the US, Consumer Price Index, the leading measure of inflation in the US will probably validate the expectations for subdued inflationary pressures in the U.S. with a 0.3% price rise and the Core CPI is predicted a small 0.1% rise the same as in the previous month.
Later in the US, Consumer Sentiment, a leading indicator of consumer spending is expected to register a higher score of 70.3 points following a reading of 68.9, in the previous month.
More in the U.S., Preliminary UoM Inflation Expectations based on a Survey of about 500 consumers reached a disappointing 2.7% rise in the previous month a small increase is expected now.
Finally in the US, Federal Reserve Governor Daniel Tarullo participates in a panel discussion titled “Regulating the Shadow Banking System” at the Brookings Panel on Economic Activity, in Washington DC may have bearing on interest rates and provide info on future monetary policy.
In Europe, German PPI priced up in the previous two months getting close to the 0.6% a smaller rise of 0.3% is expected now.
Also in Europe, Deutsche Bundesbank President Axel Weber delivers a speech titled “Growth Prospects after the Crisis” at the EBS Symposium, in Oestrich-Winkel, Germany. Will effect interest rates and provide clues on future monetary policy.
Later in Europe, Current Account deficit narrowed less than expected to 4.6B in the previous month. Further reduction of deficit to 3.7B is expected now.
That’s it for today. Happy forex trading!
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