13th November 2017 - 17th November 2017
A slow start to the week as we will not see any top tier data coming out. However a speech is scheduled from FOMC member Harker. Markets may expect few hints on the Fed expectation for Dec rate hike. • EUR Gross Domestic Product & Industrial Production • GBP Consumer Price Index & Producer Price Index - Output • USD Janet Yellen Speech & Producer Price Index The Gross Domestic Product released by the Eurozone is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Then The Industrial Production is released by the Eurozone. It shows the volume of production of Industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. From UK, The Consumer Price Index Data released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Then The Producer Price Index released by the National Statistics is a monthly measurement of the price changes of goods produced by UK manufacturers. Later in the day from US, Along with a speech by Fed President Janet Yellen, The Producer Price Index will be released by the Bureau of Labor statistics. This measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. • EUR Trade Balance • USD Retail Sales & Consumer Price Index The day starts with Europe releasing their trade balance data. The Trade Balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the EUR. Later in the day, from US, The retail Sales released by the US Census Bureau. This measures the total receipts of retail stores. Monthly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. This is followed by The Consumer Price Index released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. • AUS Unemployment Rate & Employment Change • EUR Consumer Price Index • USD Industrial Production Early morning from Australia, The Unemployment Rate will released by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. This is followed by The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. During the day, The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. Later in the day, The Industrial Production released by the Board of Governors of the Federal Reserve shows the volume of production of US industries such as factories and manufacturing. Up trend is regarded as inflationary which may anticipate interest rates to rise. If High industrial production growth comes out, this may generate a positive sentiment (or bullish) for the USD. • CAD Consumer Price Index • USD Building Permits A bit of a quiet day in terms of data. From Canada, The Consumer Price Index (CPI) released by the Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of CAD is dragged down by inflation. Then From US later in the day, The Building Permits released by the US Census Bureau, at the Department of Commerce shows the number of permits for new construction projects. It implies the movement of corporate investments (US economic development). It tends to cause some volatility to the USD. . Monday
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