Coming up in forex: what’s on?

Chris Lee

The foreign exchange calendar for the week might be coming to a close, but there’s still plenty to keep your eyes peeled for if you’re a foreign exchange trader.

Friday, there will be a number of key releases from Europe.

At 7am GMT, for example, there will be an industrial production figure out of Germany for October.

On a month on month basis, this is expected to show a change from -0.6% to +0.1%.

Later in the day, a British house price index release from Halifax is expected at 8:30am GMT.

This is expected to show a change over November from 0.9% to 1%, on a three months to the year basis.

A meeting of OPEC, which co-ordinates international oil production, is due to occur over the course of the day – and could affect the US dollar.

It is set to kick off at 9am GMT.

In the US, the afternoon will be focused on a wide range of economic data releases.

Average hourly earnings for November are due out at 1:30am GMT covering the month of November.

These are expected to show no change from their previous position of 3%.

The overall US unemployment rate for November is expected to be released at 1:30pm GMT and is due to show no change from 3.6%.

The Canadian unemployment rate is expected out at 1:30pm GMT covering November.

This is expected to hold firm, this time at 3.6%.

Net change in employment levels in November is due out of Canada at 1:30pm GMT.

This is set to show a sharp shift, from -1,800 to +10,000.

In the US, the preliminary Michigan consumer sentiment index for December will be out at 3pm GMT.

This is set to show a slight change from 96.8 to 96.5.

Looking ahead to the weekend, China will announce its foreign exchange reserves for November at 8am GMT.

On Sunday, Chinese trade balance data will be released at 7am GMT.

Japanese current account data for October will be out at 11:50pm GMT.

The key event on Sunday, however, is set to be an annualised Japanese gross domestic product release for Q3 of 2019.

This is due to show no quarter on quarter change from 0.1%, where it was last recorded.

On Monday, the day will begin with various economic data releases – including one from Europe covering investor confidence for December – at 9:30am GMT.

This is set to show a change from -4.5 to -1.6.

Canadian housing starts information for November is due out at 1:15pm GMT.

This is set to show a year on year change from 202,000 to 221,200.

In terms of central banker speeches, there’ll be a key one at 10:05pm GMT from Philip Lowe, who is the governor of the Reserve Bank of Australia.

On Tuesday, China’s producer price index for November will dominate the early headlines.

This is due to show no year on year change from -1.6%.

The country’s consumer price index for the same period is set to show a dip from 3.8% to 3.4%.

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