US NY empire state manufacturing index expecting to decline. Due to CORONA virus fears world wide stock markets crash and market sentiment fully down. I am expecting the index reading will be worse than the market forecast. It could be bizarre. In the mean time Eur/USD expecting to rise due to USD decline.
New Zealand Reinz house price index expecting to rise in this odd situation. Where stock market crashes, oil prices downing record low , saudi Arabia decided the oil prices lower $25 per barrel. In the worldwide bear market some Australian indicators still growing such as GDP, house price index etc. Also some of the kiwi indicators seen progress on this vulnerable situation. Like Australian house price index i am expecting new zealand house index will see progress too.
Australian house price index expecting to rise in this odd situation. I am expecting a positive growth on this occasion. Where AUD policy meetings data will be released at the same time. Which will lead the Australian indicators rises.
UK ILO unemployment rate will be released with several important indicators such as claimant count rate, jobless claims, weekly earnings and most importantly employment change. Due to CORONA virus fact UK entries almost blocked and unemployment rate expecting to rise and other indicators could be worsen too.
EU labor cost will be released with ZEW survey expectations, current situation and economic sentiment. You know Italy already shut the door for entrance such as Germany, France and rest of the European countries. In this situation public sentiments diverse to prevent CORONA virus together. All businesses sentiment shut down with immediate effect.
CPI measures the inflation actually. Considering the fact, due to CORONA virus CPI may be show worsen for EU. Where Germany, Italy, France most of the biggest European countries see collapse. Stay out of the market just observe and trade carefully for short-term.