Week commencing 11th November : GMT
Overview:
Key economic events this week include: UK GDP, employment data, CPI and retail sales, along with US CPI and German GDP.
Note:
The following figures reflect the expectations of the market as of Sunday. You should obtain up-to-date expectations for each event as it draws nearer.
I strongly recommend using the Talking-Forex service to stay abreast of all market expectations and data outcomes.
Monday
9.30am – UK trade balance, GDP (September): trade deficit to rise to £2.2 billion. GDP to fall 0.1% MoM and rise 0.5% for the three months to September. Markets to watch: GBP crosses
Tuesday
12.30am – NAB business confidence (October): index to rise to 1 from 0. Markets to watch: AUD crosses
9.30am – UK employment data: October claimant count to fall to 17,800 from 21,100, while the rate holds at 3.9%. Average earnings to rise 3.8% including bonus. Markets to watch: GBP crosses
10am – German ZEW index (November): economic sentiment to rise to -22.7 from -22.8. Markets to watch: EUR crosses
11.30pm – Australia Westpac consumer confidence (November): index to rise to 93.5. Markets to watch: AUD crosses
Wednesday
7am – German CPI (October): CPI to rise 1.1% YoY. Markets to watch: EUR crosses
9.30am – UK CPI (October): prices to rise 1.8% YoY and 0.2% MoM, and core CPI to rise 1.6% YoY. Markets to watch: GBP crosses
10am – eurozone industrial production (September): expected to fall 2.2% YoY. Markets to watch: EUR crosses
1.30pm – US CPI (October): CPI to rise 0.3% MoM and 1.7% YoY, and core CPI to rise 0.2% MoM and 2.5% YoY. Markets to watch: US indices, USD crosses
11.50pm – Japan GDP (Q3, preliminary): expected to rise 0.4% QoQ and 1.3% YoY. Markets to watch: JPY crosses
Thursday
12.30am – Australia employment data (October): rate to rise to 5.3% from 5.2%. Markets to watch: AUD crosses
2am – China retail sales (October): expected to rise 7.8% YoY. Markets to watch: CNH crosses
7am – Germany GDP (Q3, flash): forecast to fall 0.1% QoQ and rise 0.6% YoY. Markets to watch: EUR crosses
9.30am – UK retail sales (October): sales to rise 3.2% YoY and fall 0.2% MoM. Markets to watch: GBP crosses
10am – eurozone GDP (Q3, preliminary): expected to rise 0.2% QoQ and 1.1% YoY. Markets to watch: EUR crosses
1.30pm – US initial jobless claims (w/e 9 November): claims expected to rise to 219K from 211K. Markets to watch: US indices, USD crosses
4pm – US EIA crude inventories (w/e 8 November): stockpiles fell by 2.8 million barrels last week. Markets to watch: Brent, WTI
Friday
10am – eurozone CPI (October): expected to rise 0.2% MoM and 0.7% YoY, and core CPI to rise 1.1% YoY. Markets to watch: EUR crosses
1.30pm – US retail sales (October), Empire state mfg index (November): sales forecast to rise 0.2% MoM, while the Empire manufacturing index remains at 4. Markets to watch: USD crosse
Source: Chris Beauchamp, Market Analyst
