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Thursday July 2, 2009 - 16:13:41 GMT
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FX Blog - Economic Data Preview For Friday
Friday should be a subdued session with a major U.S. holiday ahead of a weekend. In Europe, Swiss CPI will be a key piece to their puzzle. Also, the Eurozone revision of their flash Services PMI estimate will be revised. U.K. Services PMI are seen stronger, EZ Retail Sales data look to be grim according to street estimates. No major data are due from Canada. Expect effectively an early close to trading.
CH- CPI- very important- SNB targets inflation. Seen higher.
EZ/UK- Services PMIs- important- Accurate forecaster of economy. Mixed forecasts.
EZ- Retail Sales- important- Key domestic indicator. Seen weak.
CA- No major data
Upcoming Major Releases:
US- Services PMI
AU- RBA Decicion
UK- Ind/Mfg Output
CA- Ivey PMI
JA- Machinery Orders
DE- Industrial Output
Retail Sls yy
Retail Sls mm
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