Week commencing 12th November : BST
Overview
After weeks of activity and high profile events, this week is slightly quieter. UK data, such as the consumer price index (CPI) and unemployment dominate the economic agenda, but we also have CPI from the US and the Eurozone.
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
No Tier 1 Data expected
Tuesday
12.30am – Australia NAB business confidence (October): index to rise to 12 from 6. Market to watch: AUD crosses
9.30am – UK employment data: claimant count to rise by 3200 from 18,500 in October, while unemployment rate holds at 4%, and average hourly earnings rise 2.6% in September. Market to watch: GBP croses
10am – German ZEW (November): economic sentiment to rise to -12 from -24.7. Market to watch: EUR crosses
11.30pm – Australia Westpac consumer confidence (Novemnber): index to rise to 103 from 101.5. Market to watch: AUD crosses
11.50pm – Japan GDP (Q3, preliminary): forecast to be -0.3% QoQ from 0.7%. Market to watch: JPY crosses
Wednesday
7am – German GDP (Q3, flash): QoQ to fall to -0.2% from 0.5%, and YoY to be 1.7% from 2%. Market to watch: EUR crosses
9.30am – UK CPI (October): prices to rise 0.2% MoM and 2.6% YoY from 0.1% and 2.4% respectively. Core CPI to be 2.2% from 1.9% YoY. Market to watch: GBP crosses
10am – eurozone GDP (Q3, 2nd estimate): QoQ growth to be 0.2% from 0.4%. Market to watch: EUR crosses
1.30pm – US CPI (October): prices to rise 0.3% MoM and 2.4% YoY, from 0.1% and 2.3% respectively. Core CPI to rise 0.2% MoM from 0.1%. Market to watch: USD crosses
Thursday
12.30am – Australia employment data (October): unemplyoement rate to rise to 5.3% from 5%. Market to watch: AUD crosses
9.30am – UK retail sales (October): sales to fall 0.4% MoM and rise 3.6% YoY from -0.8% and 3% respectively. Market to watch: GBP crosses
1.30pm – US Empire state mfg index (November), retail sales (October): index to fall to 20.5 from 21.1. Sales to rise 0.4% MoM from 0.1%. Market to watch: USD crosses
4pm – US EIA crude inventories (w/e 9 November): delayed by a day due to Veterans Day, stockpiles to rise by 1.9 million barrels from an increase of 5.7 million a week earlier. Markets to watch: Brent, WTI
Friday
10am – Eurozone CPI (October): prices to rise 0.1% MoM from 0.5%, and increase 2.2% YoY from 2.1%. Core CPI to be 0.9% YoY. Market to watch: EUR crosses
Source: Chris Beauchamp, Market Analyst
