The most important news today coming from Europe for consumer confidence, where investors expect an increase to -11.0 to -11.6 points last reporting period and sales of existing homes in the US are expected to decrease to 0.8% compared to 1.5% in the previous period. If expectations justify possible to see an increase of the euro and possible slight decline in the dollar.
1. The session will start with data from Germany at 09:00 to import price index, which is expected to drop to -1.8% compared to -1.2% for the previous reporting period. The results will have a limited impact on the market.
2. At the beginning of the US session expect data for Chicago index of activity that will become clear in 15:30, and the forecasts are for preserving levels of 0.14 points, which will not affect the market. At 17:00 investors will pay attention to sales of existing homes are expected to fall to 5.19M to 5.26M for the previous reporting period. It is possible to see an increase in volatility and worse data lower dollar.
3. At the same time, the results will come out and consumer confidence in the Eurozone. Forecast to rise to -11.0 to -11.6 for the past period, as this can ochazhe positive impact on the single currency.
4. From 23:45 in New Zealand expected results on the trade balance, the expectations are for an increase to -564M -908M compared to the previous reporting period, which may increase the value of the New Zealand kiwi. In the same time, data export and import of the country and positive data would support further NZD.