Existing Home Sales (USA): if you pay attention to the monthly index, the forecast of minus -3.8% compared to 11.8% of the report for February already gives a warning about a possible decline and the annual index. According to statistics, the annual index is also ready to go down to 5.31%. This is only a proposition, but the expectations are even worse. The annual index of 5.2%, and the monthly -5.4%. Given the statistics in a quiet market, the hope of a bearish one prevails.
Wholesale Sales (Canada): for the Canadian economy, this index is not intertwined with US news and being one sets its value in the forecast to 0.40% (the latest report is 0.60%). Such an application in the thin market should work for a drop in the Canadian dollar.
New Home Sales (USA): the sale of new homes on Monday promises to show a fall. The report on Tuesday is already possible to assess in two ways. The monthly index, with a 0.65 forecast, is almost the same level of the previous report, 0.667 But since the Richmond Fed Manufacturing Index is also considered along with housing, I think that the bullish one is more promising for the dollar. But for the euro, I will be on the bear side.
Consumer Price Index (Australia): I view this Australian week as a new round for a fall. Now the CPI is ready for a fall. A few days later, the RBA report will not say anything good for its currency. And so the forecast of 1.50% is a fall after 1.80% and this should be bearish for the Australian.
IFO - Business Climate (EU): The business climate in Germany is likely to fall in the wake of economic forecasts. This is confirmed by the forecast in the value of 99.6 (it was 99.9). A fall can be much more, which gives me the opportunity to guess and vote for a fall, that is, a bearish option.
BoC Rate Statement (Canada): what to expect from an interest rate decision. There were no promises of change. But, considering the already long value of 1.75%, I can assume that there will be talk of a new date for regulating the interest rate. Such an approach can be perceived by the market as an option for action and the bear then provided.
CBI Distributive Trades Survey - Realized (UK): Looking at statistics in economic calendars on CBI Business Optimism Index Q2 and CBI Industrial Trends Orders APR news, I understand that in the second quarter, the government pulled the business optimism index to the highest level due to a parliamentary meeting around the issue by Brexit. The forecast for this index is 3, while for the first quarter it was 1. Naturally, industrial orders were also growing, leaving the negative zone. Statistical indicators for the bull option, the market to make a decision.
Durable Goods Orders (USA): the forecast for durable goods is marked at 0.2%, which is naturally much better than the value of -0.1%. Other news of the US package (news in labor indices of primary and secondary applications) should not be against the bullish direction after durable goods. The question is, can the Durable Goods Index rise to a value of 0.2% or higher. I will be optimistic and support bull, I hope that the speech of a member of ECB's De Guindos will not be able to prevent this.
Trade Balance (New Zealand): the trade balance of any country in the Asian region is currently experiencing an inconsistency in tariffs in both price and customs clearance. Much of this must be resolved by the new trade agreement between the United States and China. Everyone is waiting for this contract. Any of its time delay sets a decrease in trade, which narrows the profits of exporting countries and commodity economies to which New Zealand belongs. The projected value of the trade balance of $ 131 is in my opinion too optimal compared to the $ 12 of the previous report. But quite doable.
Tokyo CPI ex Fresh Food (Japan): a news package from Japan where I would look more closely (along with the news offered) at the level of inflation, industrial production. Retail sales and the CPI for Japan do not play as important as in other countries. But the fall of the monthly industrial production index to 0.1% in March, against 0.7% in February, is already a significant figure. Projected to increase 2.4% and the unemployment rate (it was 2.3%). Important indicators fall in their values - it means that bullish is possible.