Analysis written BY retail traders FOR retail traders
Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point.
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Monday 19th Dec
9am – German IFO index (December): business climate index expected to rise to 110.9 from 110.4.
2.45pm – US services PMI (December, flash): forecast to fall to 54.25 from 54.6.
Tuesday 20th Dec
12.30am – RBA meeting minutes: the tone of the minutes could help influence AUD direction in coming sessions.
3am – BoJ rate decision: after weeks of yen weakness, perhaps the BoJ will cause a rise in the currency.
Wednesday 21st Dec
10am – eurozone consumer confidence (December, flash): expected to rise to -5.6 from -6.1.
3pm – US existing home sales (November): annual rate expected to decline to 5.2 million from 5.6 million.
3.30pm – US EIA crude inventories (w/e 16 December): after a fall of 2.5 million barrels, further declines in stockpiles could provide support for the oil price.
Thursday 22nd Dec
1.30pm – Canada CPI (November): expected to rise by 1.5% YoY and 0.3% MoM, from 1.5% and 0.2% respectively. Core CPI expected to rise to 1.8% from 1.7%.
1.30pm – US durable goods orders (November), GDP (Q3, final estimate), initial jobless claims (w/e 17 December): durable goods orders are forecast to fall 0.6% MoM, from a 4.8% rise in November, although the figure excluding transportation orders is expected to see a drop of 0.1% from a 1% rise last month. Jobless claims forecast to be 258K after 254K last week. Finally, GDP growth is forecast to be 3.2%, unrevised from the previous estimate.
Friday 23rd Dec
9.30am – UK GDP (Q3, final estimate): the final estimate is not expected to change from the current 0.5% QoQ and 2.3% YoY forecast.
3pm – US new home sales (November), Michigan confidence index (December, final): new home sales forecast to accelerate to an annual rate of 567,000 from 563,000. Meanwhile, confidence is forecast to rise, with the index hitting 98 from a previous 93.8.
Source: Clifton FX
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