.png){kind=logo}
Prelim GDP in the US and CPI in the UK are the major market-movers. Let see what awaits us today.
In the US, Prelim Gross Domestic Product (GDP), yearly valuation of all goods and services that were produced by the economy, rise up to 0.5% is expected from the -0.1% on the last quarter.
Later in the US, Unemployment Claims, weekly report to value the individuals that filed for unemployment insurance for the first time; rise of 1K is due from the past week up to 363K.
More in the US, Chicago Purchasing Managers’ Index (PMI) Survey to rate the business conditions such as employment, new orders, supplier deliveries and inventories, drop down to 54.6 points is likely from 55.6 points of January.
Also in the US, Charles Evans, Federal Reserve Bank of Chicago President, is due to speak in Des Moines.
Finally in the US, Sarah Bloom Raskin, Federal Reserve Governor is due to speak in Atlanta.
In Canada, Current Account value the difference between imported and exported goods, investment income, and current transfers, -16.9B is likely now from -18.9B on the previous quarter.
Later in Canada, Raw Materials Price Index (RMPI), value the manufacturers’ price change of raw materials, rise up to 1.4% is calculated now from -2.0% on January.
In Europe, Consumer Price Index (CPI), value the consumers price change of goods and services, remain 2.0% similar to the previous time. Core CPI (not including food, energy, alcohol and tobacco), 1.5% is due to remain. And on the German Prelim CPI rise up to 0.7% from -0.5% on January is calculated now.
Later in Europe, German Unemployment Change shows the unemployed people over the previous month, -5K is due from -16K on the last month.
Finally in Europe, French Consumer spending value all goods expenditures by consumers, reduce down to -0.1% is expected now.
In Switzerland, Gross Domestic Product (GDP), value all the economy production of goods and services, reduce of 0.6% is likely from January.
In Japan, Household Spending value all the consumers’ expenditures, rise up to 0.4% is expected now from -0.7% on January.
Later in Japan, Capital Spending, measures all the capital expenditures that were made by businesses, reduce down to -7.0% is forecasted from 2.2% on the last quarter.
Finally in Japan, Tokyo Core Consumer Price Index (CPI), the Tokyo consumer’s price change of goods and services (not including fresh food), -0.6% is likely now from -0.5% on January.
Trade well
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0750 to start the week
EUR/USD trades in positive territory above 1.0750 in the European session on Monday. The US Dollar struggles to find demand following Friday's disappointing labor market data and helps the pair hold its ground.
GBP/USD edges higher toward 1.2600
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the modest improvement seen in risk mood make it difficult for the US Dollar to gather strength.
Gold rebounds above $2,310 after downbeat NFP data, eyes on Fedspeak
Gold price trades in positive territory above $2,310 after closing the previous week in the red. The weaker-than-expected US employment data have boosted the odds of a September Fed rate cut, hurting the USD and helping XAU/USD find support.
Addressing the crypto investor dilemma: To invest or not? Premium
Bitcoin price trades around $63,000 with no directional bias. The consolidation has pushed crypto investors into a state of uncertainty. Investors can expect a bullish directional bias above $70,000 and a bearish one below $50,000.
Week ahead: BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.