8:30 GMT: GBP – Consumer Inflation Expectations

- This indicator reflects the percentage that consumers expect the price of goods and services to change during the next 12 months

- Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.

- The release of this indicator typically creates volatile trading as it is directly correlated with the value of the national currency

- A better than previous result may continue to boosts the GBP in the short-term.

12:30 GMT: USD – U.S Unemployment Claims

- This indicator reflects the number of individuals who filed for unemployment insurance for the first time during the past week.

- This release is expected to be better than their previous figures.

- Meaning the USD could continue to show further bullishness today.

- If the results turn out to be lower than forecasts, the Dollar may record a fairly bearish session in today’s trading.

Crude Oil Tips:

- Crude Oil prices experienced another day of appreciation as the oft-traded commodity rose above $72.

- If the U.S. publishes more positive economic news, oil prices will continue to be bullish going into next week.

- As for today, the economic figures coming out of the U.S. and Europe are likely to impact the volatility of oil prices.