FXMarketAlerts Team
FXMarketAlerts
Published at 12:06 (GMT) 25 Nov
CLP is starting the day under water declining 0.35% to 597 on weak backdrop and with national 2015 GDP likely to be revised down again. In addition, reports that copper giant CODELCO will trim 2015 refined supply of metal with fewer ships across all markets in the midst of a global slowdown and rising global surplus is weighing on the peso, as prices of the commodity could take a turn to downside. Later in the day at at 13:30GMT we expect Q3 GDP to be revised down to 3.1% from 3.5% on a wider Sep trade deficit. At 14:00GMT Sep house price data from S&P Case-Shiller and FHFA will both be released; the former should see yr/yr growth slow to 4.76% from 5.57% on a 20 City basis with a 0.3% SA m/m rise that should be matched by the FHFA data. At 15:00GMT we expect Nov consumer confidence to rise to 96.5 from 94.5 and Nov Richmond Fed surveys will be released. Nov Dallas Fed service sector survey follows at 15:30GMT.
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