Eurozone GDP is expected to soften today following weak Q1 economic data

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FxPro Daily Economic Events
FxPro Daily Economic Events
At 08:30 GMT, UK Halifax House Price Index (MoM) (May) is expected to be 2.0% against -3.1% previously. UK Halifax House Price Index (3m/YoY) (May) is expected to be 2.4% against 2.2% previously. This data has been declining since hitting a high of 3.9% in June 2014 and is expected to rebound from a multi-year low last month. GBP crosses can be affected by this data release. At 09:00 GMT, Eurozone Gross Domestic Product s.a. (QoQ) (Q1) is expected to be 0.4%from 0.4% previously. Gross Domestic Product s.a. (YoY) (Q41is expected to be 2.5% from 2.5% previously. This data can see moves in the EUR currency crosses. The QoQ number has been holding steady around 0.6% for 2017 but this is expected to drop down to 0.4% showing a decline in growth across the Eurozone. The YoY number is also expected to drop down to 2.5% after weakening Eurozone data. At 12:30 GMT, US Continuing Jobless Claims (May 25) is expected to be 1.738M against 1.726M previously. Initial Jobless Claims (Jun 1) is expected to come in at 225K against 221K previously. This data is showing an increase in the number of people who are jobless. USD crosses may be heavily traded as a result of these data points. At 15:00 GMT, UK MPC Member Ramsden is expected to speak at the Barclays Inflation Conference, in London. GBP crosses may be affected by any comments made. At 15:15 GMT, Bank of Canada Governor Poloz is due to hold a press conference about the Financial System Review, in Ottawa. CAD pairs can be influenced by comments made At 19:00 GMT, Consumer Credit Change (Apr) is expected to come in at $13.75B from a previous reading of $11.62B. This data shows that consumer credit has been falling in recent months and has come in under expectations for four months in a row. The expectation is again for an increase in the number today. Increases in this metric are a sign of consumer confidence as consumers take on more debt and lenders feel confident issuing loans. USD pairs can be moved by this data.

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