Forex Daily Outlook

CPI both in the US and the UK are the main events lined up. Let’s see what awaits us today.

In the US, Consumer Price Index (CPI), the consumers price change of goods and services, 0.2% is likely now similar to the last report. While on the Core CPI (without food and energy), 0.1% is due now from 0.2% on August

Later in the US, Jack Lew US Treasury Secretary, is due to speak in Washington DC.

More in the US, National Association of Home Builders (NAHB) Housing Market Index, is likely to remain with 59 points similar to August.

Finally in the US, Treasury International Capital (TIC) Long-Term Purchases, the difference in value between foreign & US long-term securities purchases, -45.3B is forecasted now from -66.9B on the last month.

In Canada, Manufacturing Sales, value the total change in the manufactures sales, 0.6% is likely now similar to August.

In Europe, Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Sentiment, Survey to rate the relative 6-month financial outlook for the Eurozone, rise up to 47.2 points is likely now from 44 points on August. And similar rise is expected on the German ZEW Economic Sentiment with 45.3 points now from 42 on the previous time.

Later in Europe, Current Account, value the difference between imported and exported goods and services on the last month, rise of 1.4B is estimated up to 18.3B now.

Finally in Europe, Trade Balance, 15.3B is due now from 14.9B on August.

In Great Britain, Consumer Price Index (CPI), reduce of 0.1% down to 2.7% is due this month, Core CPI (without food, energy, alcohol, and tobacco items), rise of 0.1% up to 2.1% is calculated. And similar is due on the Retail Price Index (RPI), 3.2% from 3.1% now.

Later in Great Britain, Producer Price Index (PPI), reduce down to 0.3% from 1.1% is due now. While on the PPI Output, 0.2% is likely with no change.

Finally in Great Britain, House Price Index (HPI), rise of 0.3% up to 3.4% is expected this month.

In Australia, The Conference Board (CB) Leading Index, a composite index that is based on 7 financial indicators, -0.2% is forecasted now similar to August.

Later in Australia, Malcolm Edey, Reserve Bank of Australia (RBA) Assistant Governor (Financial System) is due to participate in a panel in Sydney.

Later on in Australia, Melbourne Institute (MI) Leading Index is likely with no change from the last month.

In New Zealand, Current Account, Quarterly indicator to show the difference between imported and exported goods, services, income flows, and unilateral transfers, -1.87B is predicted now from -0.66B.

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