Important Events This Week November 25-29

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Expect this week to be a fairly quiet one when it comes to reports and data. That is not to say, however, that there aren’t any significant news coming out in the next few days. Here are some of these that you have to watch out for:

Event: Consumer Confidence (Nov) – United States

Date: November 26, 2013

Time: 3:00pm (GMT)

What It Is About and Why It’s Important

Last month saw a significant drop in US Consumer Confidence, as it slid from the previous 80.2 to just 71.2. However, analysts expect an improvement in November as they see the figure moving up to 72.5.

Event: GDP (QoQ/YoY, Q3) – United Kingdom  

Date: November 27, 2013

Time: 9:30am (GMT)

What It Is About and Why It’s Important

Analysts see the UK’s GDP to improve by 0.8% in Q3, which is slightly better than the previous rise by 0.7%. Current GDP is also up by 1.3% on a YoY basis.

Event: Durable Goods Orders (Oct) – United States 

Date: November 27, 2013

Time: 1:30pm (GMT)

What It Is About and Why It’s Important

While Durable Goods Orders have risen steadily over the past few months, analysts expect it to drop in October by 1.5%.

Event: GDP (QoQ/YoY, Q3) - Switzerland

Date: November 28, 2013

Time: 6:45am (GMT)

What It Is About and Why It’s Important

While Switzerland’s GDP is seen to continue its positive trend, it’s expected to be lower than previous figures. The year-over-year improvement is seen to be at 1.8% compared to the previous 2.5%, while the quarter-over-quarter growth is expected to be at 0.4%, which is lower than the previous 0.5%.

Event: Unemployment Rate/Change (Nov) – Germany

Date: November 28, 2013

Time: 8:55am (GMT)

What It Is About and Why It’s Important

While Germany’s unemployment rate is seen to stay steady at 6.9%, unemployment change is seen to grow by 3k, which is higher than the previous 2k.

Event: CPI/Harmonised CPI (Nov) – Germany

Date: November 28, 2013

Time: 1:00pm (GMT)

What It Is About and Why It’s Important

Germany’s CPI and Harmonised CPI are seen to stay steady at 1.2% on a YoY basis. Meanwhile, the CPI is expected stay flat from the previous -0.2% on a MoM basis. Harmonised CPI is expected to drop by 0.1% on a MoM basis.

Event: CPI/Core CPI (Nov) – European Union

Date: November 29, 2013

Time: 10:00am (GMT)

What It Is About and Why It’s Important

From the previous 0.8%, the EU’s Core CPI is expected to rise at the same rate in November on a YoY basis. Meanwhile, CPI for November is also expected to rise by 0.8%, slightly higher than the previous 0.7%.

By FX Strategy Team, Published on 25th of November 2013
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