Forex & Stocks “Complete Schedule of Economic News” this week

November 28, 2016

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Forex & Stocks “Complete Schedule of Economic News” this week

This article is originally referred from FXGiants Facebook


*Monday 28th November*

– 08:30 GMT, Sweden: Retail sales: An increase in retail sales may support SEK, at least on the news.

*Tuesday 29th November*

– 13:00 GMT, Germany: CPI, for November: As usual, Germany’s regional CPIs will be released ahead of the country’s overall print. Thus, we will look at the larger regions for guidance on where the headline figure may come in.

– 13:30 GMT, US: GDP, for Q3 2nd Estimate: Given that the 2nd estimate derives from the expenditure calculation, it would be interesting to see whether demand held up, especially given the notable upward revision in retail sales for September.

*Wednesday 30th November*

– N/A, New Zealand: The RBNZ publishes its Financial Stability Report: NZD-traders may look in the RBNZ Fin. Stability Report for further confirmation as to whether the Bank is indeed planning to leave the easing button untouched in coming months.

– 10:00 GMT. Eurozone: CPI, for November: Accelerating CPI in the Euro area would be welcome news for ECB policymakers, as it would confirm that the ultra-lose monetary policy is having the desired effects.

– 13:15 GMT, US: ADP employment report, for November: Although the ADP print is far from a reliable predictor of the NFP number, it could still raise speculation that the payrolls figure may also increase and perhaps meet its forecast of 174k.

– 13:30 GMT, US: Personal income & Personal spending, for October: Accelerating income is supported by a similar reaction in average hourly earnings, while the robust retail sales for the month suggest that spending may even exceed its forecast.

– 13:30 GMT, Canada: GDP, for Q3: These set of GDP data are likely to attract less attention than usual as CAD-traders will have their gaze fixed on the OPEC gathering, given that Canada is the world’s seventh largest nation in order of oil production.

*Thursday 1st December*

– 09:00 GMT, UK: Manufacturing PMI, for November: Even if we see a slide in these indices, as long as they point to expansion, I doubt that they can refuel speculation for further easing by the BoE in coming months.

– 15:00 GMT, US: ISM manufacturing PMI, for November: Although the Philly Fed index declined in November, the Empire State figure surged to +1.5 from -6.8, supporting the case for the ISM print to continue trending higher. The forecast is also supported by the increase in the preliminary Markit manufacturing PMI.

*Friday 2nd December*

– 13:30 GMT, US: Non-farm Payrolls & Unemployment rate, for November: This would be another month of solid employment gains and may seal the case for Fed hike at the upcoming gathering in December.

– 13:30 GMT, Canada: Unemployment rate, for November: Rising oil prices on speculation of a deal at the OPEC meeting may have kept employment in the energy sector supported.

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