The price index for new housing (NHPI) measures the change in prices for new housing.
This report allows to analyze the strength of the housing market in Canada, which helps to do analysis of the economy as a whole.
We can see that the rise in prices for Canadian new housing is gradually weakening.
In April there were 0.8% MoM, in May 0.7% MoM, in July 0.4% MoM, in August 0.1% MoM. The forecast for September is 0.2% MoM, but I think it will be either 0 or 0.1%.
The trade balance measures the difference in the amount from exports and imports (exports minus imports). This is the largest component of the country's balance of payments.
Data on exports can give a presentation on the development of Germany.
Mostly German Trade balance data are better than expected this year. German Trade balance in August grew up to 21.6B from 19.5B in July and I think data above 21B will support the euro.
The consumer price index (CPI) measures the change in the prices of goods and services.
This is a key way to measure changes in China's buying and inflation trends.
Strong economic growth in China and higher salaries led to rising CPI in September 0.5% MoM and 6.9% YoY which is good for AUD.
I expect in October better CPI data in China than expected.
The decision on what to set interest rates depends mostly on growth prospects and inflation. The main goal of RBNZ is to achieve price stability.
Also RBNZ issues a statement at the same time. The statement is the main tool for communication about the monetary policy between the bank and investors.
I expect the interest rate remain at 1.75% and neutral the RBNZ statement because of weak macroeconomic data in New Zealand.
Building Permits in Canada is the number of permits for new construction issued by the government. This is the leading indicator in the real estate market.
Previous data were very bad, Building permits fell down sharply by 5.5% MoM and now I expect this indicator to recover.
JOLTS Job opening is constantly rising this year, US labor market is strong, but in August this indicator started to decrease from 6.170M to 6.082M and in September the analysts predict another fall to 6.080M.
I think it may lead to pressure on USD, so vote bearish.
The Retail Sales Index is a monthly measurement of all goods sold by retailers based on a sample of retail stores of different types and sizes in the Eurozone. This is an important indicator of consumer spending, and it also correlates with consumer confidence and is seen as an indicator of the pace of economic development in the Eurozone.
Analysts expect the index to speed up to 2.7% YoY from 1.2% YoY a month earlier or to 0.6% MoM in September from -0.5% MoM in August. I consider it as a good chance to support the euro.
Change in property prices, funded by Halifax Bank of Scotland (HBOS), one of the largest mortgage lenders in the UK.
This report allows to analyze the strength of the UK housing market, which helps to do analysis of the economy as a whole.
Previous data were 0,8% MoM, in October analysts expect the Halifax House Prices to slow down to 0,3% MoM, so it may lead to bearish impact on the GBPUSD.
Germany's industrial production measures the change in Germany's total production of factories, mines, and utilities. This gives us a good indicator of strength in the industrial sector. This can be a leading indicator of employment in industry, average earnings and personal incomes.
Previous data were +2,6% MoM, but now it is expected to fall of -0,8% MoM, so the euro must go down.
The decision on which set interest rates depends mainly on the outlook for growth and inflation. The main goal of the central bank is to achieve price stability. High interest rates attract foreigners who are looking for a better option for "risk-free" income on their money, which can dramatically increase demand for the country's currency.
Interest rate in Australia will remain at 1,5%, but the RBA may increase the forecasts of GDP growth because of the strong labor market in the country.