ECB Speech, FOMC Minutes and other Economic News… Full Schedule of Economic News this week

November 21, 2016

ECB Speech, FOMC Minutes and other Economic News… Full Schedule of Economic News this week

This article is originally referred from FXGiants Facebook

This week’s FXGiants Economic Events Outlook.

*Monday 21st November*

– 16:00 GMT, Eurozone: ECB Executive Board member Benoit Coeure speaks

– 16:30 GMT, Eurozone: ECB President Mario Draghi speaks: Although the ECB does not target the EUR, a weaker currency will help the Bank reaching its inflation goal. We expect officials to defend ECB’s easing policies, something that is unlikely to reverse euro’s slide against the dollar.

*Wednesday 23rd November*

– 09:00 GMT, Eurozone: Markit manufacturing PMI & Markit services PMI, for November: Rising PMIs could diminish further the likelihood for any fresh easing measures by the ECB and thereby reverse some of the euro’s recent gains.

– 12:30 GMT, US: Durable goods orders & Durable goods orders (ex. transportation): Rising durable goods could bring USD under renewed buying interest.

– 19:00 GMT, US: FOMC to publish the minutes of November policy meeting: The minutes may add to evidence that the Fed will indeed press the hike button in December, and add some more fuel to the USD rally.

*Thursday 24th November*

– 09:00 GMT, Germany: Ifo expectations index, for October: Even though the current conditions index is forecast to tick down, the composite figure is expected to rise alongside the expectations index, which may support EUR a bit.

– 23:50 GMT, Japan: CPI, for October: The core rate is expected to have ticked up. These could lower somewhat the likelihood for more easing by the BoJ, and reverse some of JPY’s recent losses.

*Friday 25th November*

– 19:00 GMT, UK: GDP, for Q3: As the 2nd estimate is expected to confirm the preliminary release, this may not be a major market mover for GBP, unless we have a revision.


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