Economic calendar: Final Eurozone CPI data and U.S. jobless claims

Macroeconomic calendar

• 11:00 – Eurozone final CPI inflation: 3.3% y/y, unchanged from the previous reading.
• 11:00 – Eurozone final CPI inflation: 0.4% m/m, compared with 0.2% previously.
• 11:00 – Eurozone final core CPI inflation: 2.4% y/y, unchanged from the previous reading.
• 13:00 – Bank of England (BoE) interest rate decision: Bank Rate expected at 3.75%, in line with consensus.
• 13:00 – BoE MPC vote: 6 members expected to vote for no change, 3 for a rate hike and 0 for a rate cut.
• 14:30 – U.S. initial jobless claims: 206.5K vs. 206K forecast.
• 14:30 – Philadelphia Fed Business Index: 32.1 vs. 47.4 previously.
• 14:30 – U.S. housing starts: 1.32M vs. 1.239M previously.
• 14:30 – U.S. continuing jobless claims: 1.779M vs. 1.774M previously.
• 14:30 – U.S. building permits: 1.408M vs. 1.433M previously.
• 14:30 – Canadian PPI: 0.0% m/m vs. 0.6% previously.
• 14:30 – Canadian Raw Materials Price Index (RMPI): +0.8% m/m vs. -2.2% previously.
• 16:00 – U.S. pending home sales: -0.1% m/m vs. -2.3% previously.
• 16:00 – U.S. Pending Home Sales Index, previous reading: 71.2.
• 16:30 – EIA U.S. natural gas storage report: +48 Bcf vs. +40 Bcf previously.

Scheduled central bank appearances

• 12:00 – ECB’s Olli Rehn speaks.
• 13:00 – Bank of England policy statement following the interest rate decision.

EURUSD chart (D1 timeframe)

Source: xStation5