This foreign exchange trading week has barely got off the ground – but there’s still a lot to look out for as the week goes on.
Today (Tuesday), there will be a building permits release from the US, covering October.
This is expected to show a month on month change from 1,391,000 to 1,385,000 when it comes out at 1:30pm GMT.
At the same time point, a housing starts release for the same month will be out.
This is predicted to show a change from 1,256,000 to 1,320,000.
The US Redbook index will come out at 1:55pm GMT.
This sales-weighted growth tracking figure could indicate something about the prospects and performance of the US economy.
It was last recorded at 5% on a year on year basis.
Later in the day, a speech from the US Federal Reserve’s John C. Williams – who is the president of Federal Reserve Bank of New York – will occur at 2pm GMT.
Carolyn A. Wilkins, a senior figure at the Bank of Canada, will speak at 6:15pm GMT.
An adjusted merchandise trade balance from the Japanese Ministry of Finance will occur at 11:50pm GMT.
Looking ahead to tomorrow (Wednesday), inflation report hearings are scheduled in to occur in Britain.
These do not have a definite time but could indicate the direction of future monetary policy.
German producer price index data for October will be out at 7am GMT. Month on month, this is expected to be relatively negative: it is due to show a shrinking from 0.1% to 0%.
The Bank of Canada’s core consumer price index for October will be out at 1:30pm GMT.
This is due to show no change from its previous position of 1.9%.
Thursday is set to be dominated by the accounts of the European Central Bank’s (ECB’s) Monetary Policy meeting.
These are due out at 12:30pm GMT.
They will be preceded somewhat by two speeches from senior ECB figures.
The first speech will be from regular speaker Yves Mersch, who will talk at 8:10am GMT.
The second one will be from Luis De Guindos, who will speak at 9:40am GMT.
In the afternoon, the regular weekly round of unemployment claims will be out of the US.
Continuing jobless claims for the dates around 8th November are expected at 1:30pm GMT and are expected to show a change from 1,683,000 to 1,685,000.
Initial jobless claims for the dates around 15th November will be out at the same time and are predicted to show a change from 225,000 to 219,000.
Europe-wide preliminary consumer confidence figures for November will be out at 3pm GMT.
These are expected to show a change from -7.6 to -7.3.
On Friday, German gross domestic product data for Q3 of 2019 is expected.
Year on year, this is forecast to show no change from its previous point of 0.5% – which, if proven correct, is likely to send some reassurance about the perceived perilous state of the country’s economy.
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