Sunday, November 21, 2010

Forex? Pro Outlook: November 22-26

Forex pros - last week saw the euro against the US dollar for three straight days climb earlier losses, trim to make progress in construction appeared an aid package for Ireland's ailing banking sector as officials of the European Union.

However as feared, continue about the danger of contagion to other vulnerable euro zone Nations such as Spain and Portugal, more profits stay one, for the single currency could be limited.

The pound ended the week down against the dollar as investors still worried on exposure of the u.k. banks to Irish debt.

In the meantime, defended US Federal Reserve Chairman Ben Bernanke on Friday the American Federal Reserve quantitative easing program against criticism that it was intended, the depreciation of the dollar argue that global economic recovery were hampered China and other emerging economies by preventing that strengthen extended their currencies as their economies.

Elsewhere, commodity-linked Australian and New Zealand dollars were taken, after China hike in Bank reserve requirements as Beijing announced fast inflation will make further efforts to reduce.

Next week the U.S. due to release are including revised figures on gross domestic product for the third quarter, durable goods orders and personal income short cut a whole range of data in a week after the Thanksgiving holiday on Thursday. It is also to share your free weekly report on jobless claims, while the Fed is his recent monetary policy meeting minutes.

The euro zone is to publish important data on German business climate while attention to developments in Ireland should stay focused.

Ahead, a list has compiled this and other significant events that affect the markets Forex pros of next week.

Monday, November 22

The euro area is, start the a leading indicator of consumer spending the week with a report on consumer confidence,.Is Monday, President European Central Bank, Jean Claude Trichet, in the European Parliament to sprechen.Seine comments will be monitored closely for clues to the future direction of monetary policy.

Tuesday, November 23

New Zealand is to publish quarterly data on inflation expectations while later Tuesday Australia is developed an index of leading indicators, to publish the future direction of business forecasts.

In the euro zone research group is GfK to publish data on the German consumer climate, a leading indicator of Verbraucherausgaben.Inzwischen are Germany, France and the wider euro region at preliminary data on your production and service sectors to publish Germany also revised third quarter GDP data, to publish the leading indicator of economic growth

United Kingdom is industry publish while markets Japan geschlossen.jedoch remain in compliance with the Thanksgiving holiday work is the Governor of the Bank of Japan, Masaaki Shirakawa to a public commitment to speak data on mortgage approvals.In addition, the Chairman of the Swiss National Bank, Philipp Hildebrand is due to make a speech.

Canada is later in the day to publish official data on inflation of consumer prices, as well as data on sale in retail, a leading indicator of consumer spending accounts for most of the economic activity.

The US is also industry figures for the third quarter GDP to publish revised the country is to publish data on existing home sales, while the Federal Reserve Bank of Richmond, its manufacturing index to publish later in the day is the fed its November monetary policy meeting minutes, publish offers an in-depth insight into economic and financial conditions in the United States

Wednesday, November 24.

Australia is to publish to official data on the value of completed construction projects that insight in the GDP data set, released the following week.

In the euro zone Germany is its IFO index of the business climate a leading indicator of economic health while the day later the euro zone to publishing data on industrial, a leading indicator of production new orders to publish.

United Kingdom is revised Q3 to publish data on GDP while Japan is its trade balance to publish, the difference in value between on and exports also official data on its corporate services price index, a leading indicator of consumer price inflation.

The United States is a whole series of data to share with the official data on first unemployment claims, Umsatz.Das country is a leading indicator of economic health and Government data on personal expenses, durable goods orders and new home inventories to publish also revised data on consumer sentiment and inflation expectations, and reports on crude oil and natural gas.

Thursday, November 25

Australia is, important data on private investment, a leading indicator of economic health freizugeben.Reserve Bank of Australia Governor Glenn Stevens to later in the day before testify to Standing Committee on economy; his comments are to be monitored closely for all references to the future direction of monetary policy.

United Kingdom is the industry publish data about the retail sales during the Bank of England Governor Mervyn King and several BoE monetary policy Committee members due to testify on inflation and the Economic Outlook before the Treasury Committee.

Meanwhile, the Switzerland is to publish official data of the country's employment levels during Japan to share important data on consumer price inflation for both Japan and the Tokyo area.

Elsewhere, the markets in the United States remain closed in observance of Thanksgiving.

Friday, November 26

In the euro zone Germany is to publish preliminary data on consumer prices, as well as data on import prices, inflation, while France is consumer spending data release later in the day the ECB to the release of data on private lending and money stock M3, an important inflationary indicator.

Meanwhile the KOF economic is developed its economic barometer for the Switzerland Research Agency, to publish the direction of the economy in the next six months predictions.

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