Week 48 Ahead Forex Trading Calendar

Overview:

A busier week lies ahead, with China data and US consumer confidence to watch out for. In addition, the first November UK purchasing managers index (PMI), for manufacturing, appears at the end of the week.

Major earnings are few in number, although numbers from Cranswick, Pets at Home and Pennon will command some attention.

Monday

7am – German consumer confidence (December): expected to rise to 10.8 from 10.7. Market to watch: EUR crosses

3pm – US new home sales (October): forecast to decline 0.9% MoM after rising 18.9% in September. Markets to watch: US indices, USD crosses

Tuesday

3pm – US consumer confidence (November): forecast to fall to 124 from 125.9. Markets to watch: US indices, USD crosses

Wednesday

10am – eurozone business confidence (November): expected to rise to 1.5 from 1.44. Market to watch: EUR crosses

1.30pm – US GDP (Q3, 2nd estimate): growth forecast to be 3.2% QoQ, from 3.1%. Markets to watch: US indices, USD crosses

3pm – US pending home sales (October): expected to decline 2.7% from a 3.5% fall a month earlier. Markets to watch: US indices, USD crosses

3.30pm – US EIA crude inventories (w/e 24 November): forecast to fall by 1.5 million barrels. Markets to watch: Brent, WTI

Thursday

1am – China PMIs (November): manufacturing PMI forecast to rise to 51.7 from 51.6, while non-mfg to hold steady at 54.3. Markets to watch: China indices, CNY crosses

8.55am – German unemployment (November): expected to remain at 5.6%. Market to watch: EUR crosses

10am – eurozone inflation (November, flash), unemployment (October): inflation forecast to rise to 1.6% from 1.4%, with core CPI rising to 1.1% from 0.9% (YoY figures). Unemployment forecast to remain at 8.9%. Markets to watch: eurozone indices, EUR crosses

1.30pm – US initial jobless claims (w/e 25 November): expected to be 236K from 239K a week earlier. Markets to watch: US indices, USD crosses

2.45pm – US Chicago PMI (November): expected to fall to 63 from 66.2. Markets to watch: US indices, USD crosses

11.30pm – Japan CPI, unemployment (October): CPI expected to rise to 0.8% from 0.7%, while jobless rate remains at 2.8%. Market to watch: Nikkei, JPY crosses

Friday

1.45am – China Caixin mfg PMI (November): expected to hold at 51. Market to watch: China indices, CNY crosses

9.30am – UK mfg PMI (November): forecast to rise to 56.5 from 56.3. Market to watch: GBP crosses

1.30pm – Canada employment data, GDP (Q3): unemployment rate forecast to fall to 6.2% wih 15,000 jobs created. GDP growth expected to slow to 0.4% from 1.1%. Market to watch: CAD crosses

3pm – ISM mfg PMI (November): expected to fall to 58.5 from 58.7. Market to watch: US indices, USD crosses

Source: Chris Beauchamp
https://www.ig.com/uk/week-ahead