Source: ForexYard
10:00 GMT – EUR – Unemployment Rate
– Percentage of total work force that is unemployed and actively seeking employment during the previous month.
– The all-European unemployment rate is based on figures from other countries that have already released their unemployment results. Still, this number is important to Europe’s policy makers.
– The unemployment rate is rising steadily in Europe, edging up 0.1% each month. Also this time, it’s predicted to rise by 0.1%, from 9.6% to 9.7%.
12:30 GMT – CAD – Gross Domestic Product (GDP)
– Change in the inflation-adjusted value of all goods and services produced by the economy. It’s the broadest measure of economic activity and the primary gauge of the economy’s health
– The long months of contraction stopped two months ago with a rise of 0.1% in the GDP. The economy is expected to rise this time by 0.1%.
– This is the most important event for the Canadian economy this week. Any outcome will move the Canadian Dollar.
13:45 GMT – USD – Chicago PMI
– Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
– It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
– Above 50.0 indicates expansion, below this figure indicates contraction.
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