July 16th, 2013 –  Daily News

Today investors are waiting for the German and EU ZEW Economic Sentiment Index. This data have impact on European stock as well as on Euro. Another very important fundamental data will be release in U.S. at 12.30PM GMT when it will be posted CPI. Markets are concentrated on tomorrows Bernard Bernanke’s testimony which might bring some news about when exactly the Fed is planning to taper off its monetary stimulus. The mood stays in favor of strong U.S. Dollar.

Today’s main events:

09:00 GMT EUR  German ZEW Economic Sentiment – Level of a diffusion index based on surveyed German institutional investors and analysts. It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.

12:30 GMT CAD - Manufacturing Sales m/m – Change in the total value of sales made by manufacturers. It’s a leading indicator of economic health – manufacturers are quickly affected by market conditions.

12:30 GMT USD   Core CPI m/m – Change in the price of goods and services purchased by consumers, excluding food and energy.

13:15 GMT USD  Industrial Production – Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

18:15 GMT USD FOMC Member George Speaks