Weekly Outlook for Forex

On Monday, November 28th, 2011, United States reported its official data on new home sales while in euro zone, Germany published its preliminary data on consumer price inflation along with report on consumer climate. In United Kingdom, industry data on retail sales was released. New Zealand reported its data on business confidence on Monday.

Today on Tuesday, United States reported its industry data on house price inflation along with report on consumer confidence. In United Kingdom, industry report on house price inflation was published while Bank of England reported its data on net lending to individuals, M4 money supply and mortgage approvals. UK’s Treasury department also released its annual forecast statement for the coming year.

Japan released its official data on retail sales, household spending and unemployment rate. Switzerland reported its UBS consumption indicator.

On Wednesday, November 30th, 2011, United States will release its report on non-farm payrolls. Moreover the data on Chicago’s manufacturing activity will be published along with official reports on pending home sales, non-farm productivity, labor costs and crude oil inventories. In United Kingdom, data on consumer confidence will be published.

In euro zone, Germany will report its official data on retail sales and employment change while France will release its official figure on consumer spending. Moreover, ECB’s President Mario Draghi will publicly speak at an event which will be closely watched to assess the future direction of monetary policy. In euro zone, data on consumer price inflation will also be released. Further, finance ministers from European Union member countries will meet in Brussels to discuss the region’s financial crisis.

Japan is expected to report its data on manufacturing activity along with data on average earnings and housing starts. In Australia, official data on private sector credit and private capital expenditure will be released.

On Thursday December 1st, 2011, weekly report of jobless claims will be published in United States while Institute of Supply Management will report its data on manufacturing activity. In euro zone, ECB president Mario Draghi will publicly speak which will be closely watched to assess the future direction of monetary policy. In United Kingdom, official data on manufacturing activity will be reported.

In Australia, official data on building approvals, retail sales and commodity prices will be released. In Switzerland, data on country’s GDP and manufacturing activity will be published.

On Friday December 2nd, 2011, several reports will be published in United States which will include official data on non-farm employment change, average hourly earnings and data on unemployment rate. In United Kingdom, data on construction sector activity will be reported.

Japan will report is official data on capital spending on Friday.

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