The US dollar fell against many world-exchange in the week in which the commodities and stock markets are very volatile. Forex calendar in the agenda of German economic sentiment data UK employment, housing and US inflation data and the FOMC decision is very important. This is driving the market (market mover) for this week. Here is outloooknya.
UK inflation data: Wednesday, 16:30. UK inflation negative in October for the second month in a row, reaching -0.1%. This time it is expected to rise to 0.1%.
German ZEW Economic Sentiment: Tuesday, 17:00. German economic sentiment rose in November after a decline for seven months, indicating the momentum of reform. The index rose to 10.4 from 1.9 in October. In December of German economic sentiment is expected to reach 15.2.
US inflation data: Wednesday, 20:30. US consumer prices rose 0.2% in October after dropping two consecutive months. This is a positive sign for the months to come. CPI is expected to remain flat while the core CPI is expected to rise 0.2%.
UK employment data: Wednesday, 16:30. In October, the British Claimant Count Change increased from 500 to 3,300, beating estimates of a gain of 1,600. This time the Claimant Count Change is expected to rise 900.
US Building Permits: Tuesday, 20:30 New applications for building permits rose 4.1% to 1,150,000 a year. Single-family permits increased to their highest level since December 2007. In November the number of building permits is expected to rise to 1,160,000.
US FOMC interest rate decision: Thursday, 02:00 Federal Reserve Governor Janet Yellen said she anticipated rise in interest rates, noting that this rise will prove that the US economy has recovered from recession. NFP positive seems to have strengthened the rise. The Fed is expected to raise interest rates 0.25% to 12:50%. If this happens, this will be the first increase since 2006.
New Zealand GDP: Wednesday, 04:45. New Zealand's economic growth expanded less than expected in the second quarter, rose only 0.4% amid decline in manufacturing and residential construction which offset the recovery in farm output. This time predicted stagnant growth with falling export prices, fewer investments and weak demand.
German Ifo business climate euro zone: Thursday, 16:00. German business sentiment rose to 109.0 in November, after 108.2 in the previous month. In December German business climate is expected to rise further to 109.2.
US Philly Fed Manufacturing Index: Thursday, 20:30. Philadelphia manufacturing index rose from -4.5 in October to 1.9 in November, returning to positive territory for the first time in two months. This time the Philly index is expected to reach 2.1.
US Jobless Claims: Thursday, 20:30. The amount of the initial filing claims for unemployment benefits rose to a height of over five months at 282,000. However, the underlying trend is still positive. This report does not change the view of the Federal Reserve to raise interest rates in December. This time the number of jobless claims is expected to reach 271,000.
Japan interest rate decision: Friday. Bank of Japan kept its monetary policy unchanged despite deteriorating economic conditions. However, policymakers still believe the recovery is on track. BOJ signaled will maintain its policy until inflation is back on track. The Japanese central bank's decision comes after Japan posted an unexpected trade surplus amounted Y111miliar in October showed the economic rise of fall in prices minyak.Namun, exports fell 2.1% due to a slowdown in China.
That is the outlook of the events in the main market mover this week. Stay here for a more specific discussion of each-exchange in time respectively.
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