Forex Markets: Eurozone CPI in Focus Today

[vc_row][vc_column][vc_column_text]In Asian session we had the report on Housing Starts, Year on Year, which came in at -8.7% worst than analyst’s forecasts of -4.3% for May.

In Australia the Private Sector Credit, Month on Month came in at 0.2%, worst than analyst’s forecasts of 0.3% in May.

In New Zealand the Roy Morgan Consumer Confidence for the economy added 3 points in June to 123.

European traders await from UK the first quarter GDP final data at 08:30GMT and the Spain first quarter final GDP report. From Switzerland the June KOF leading indicator index will be released at 07:00GMT.

Eurozone Consumer Price Index (CPI) for June will be published at 09:00GMT. German Import Prices, and Italian CPI figures will also be released to a busy trading session.

In the American calendar, we await the US Core Personal Consumption Expenditure (PCE) – Price Index data due at 12:30GMT while from Canada April GDP report and industrial figures will be released. The US Michigan Consumer Sentiment Index data will be reported at 02:00GMT.

In Central Banks calendar,the Bank of Canada (BOC) will be release the Business Outlook Survey. While FOMC member Daly’s will deliver a speech at 19:30GMT

Crude oil traders will focus on the Baker Hughes oil rigs count data to be released at 17:00 GMT.

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