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.

Charles Clifton Forex Trader | Coach | Signals Service – TFX TalkingForex Real-time Forex Trading News and Analysis – www.charlesclifton.co.uk

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

Charles Clifton Forex Trader | Coach | Signals Service – TFX TalkingForex Real-time Forex Trading News and Analysis – www.charlesclifton.co.uk

Charles Clifton Forex Trader | Coach | Signals Service – RANsquawk Real-time multi-asset News and Analysis – www.charlesclifton.co.uk

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