The Week Ahead - Nov 27- Dec 01
This week will be the busiest week for economy majors...
MONDAY - The week starts with speech in Osaka from BoJ Governor Fukui.Then we have a Retail Sales number from Japan, i'll be looking for themonth on month data coz number are expected to come from negative topositive. And minor data from New Zealand is NBNZ Buisness Confidence.
TUESDAY - The day starts with RBA Richards speaks on Aussie Inflation.Consumer Confidence numbers coming from Germany which is expected tocome slightly better. later of the day the very key data from the USAlike Consumer Confidence and even more important data is Existing HomeSales most of the analysts are expecting some surprise from this data.And the last thing of the day is Fed's Bernanke Speech on US EconomicOutllok in New york.
WEDNESDAY - The day starts with Trade Balance from Aussie which is expectedto come at $1.07 billion from $646 million a reaaly setback for theAussie currency. M4 Money Supply is coming out from UK which is the keyfor Sterling. From Swiss we'll have a KOF Swiss Leading Indicatorhowever it'll come softer. Then we switch to the datas from USA, first is GDP estimates ha consensus saying the 1.8%. The the key data for theday is New Home Sales from USA again here to analysts are expecting suprise. Then the last piece of the day is Fed's Beige Book here i'llbe looking comments on Economic Situation, Housing Mrket and the lastthing i'll be looking in Beiges Book is Car industry.
THURSDAY - Third time in a row that we're starting the day from Aussiedata this time it is Retail Sales which is expected to come stronger.Inflation data from Swiss. Nationwide House Price from UK which is expected to remain at unchanged and Consumer Confidence from UK.Unemployment data from Germany. GDP numbers are coming out of Canada.USI is releasing its Chicago PMI which is expected to come stronger.And the very key data for the day is Infation from worls secondlargest economy Japan.
FRIDAY - This is the day where every forex trader will be lookingfor bcoz ISM Manufacturing Data is coming out from USA do we able tosee below 50 or anything above 52 currently at 51.2. Consensus saying the numbers will come at 51.8. it fell from 57.3 in April. Then we have Purchasing Managers Index from Euroland which is expected to remainat unchaneged, sma edata from UK which is expected to come positive and again same data from Swiss here expected a liitle bit softer. Then we have GDP numbers from SWiss and Unemployment Rate from Canada.
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