FXstreet.com

Weekly Market View

This report has been deactivated

13

0

Further rate cuts expected in Europe

Mon, Dec 1 2008, 08:28 GMT
by Guillermo Alcalá

FXstreet.com


This week has been one of the most positive weeks for stock markets which have gone through consecutive sessions of gains following Citigroup's bail out, which has given confidence to investors to think that despite the grim outlook for next year, government aid will help to soften the consequences of the crisis.

Next week we have important events scheduled, specially interest rate decisions by the Bank of England and the European Central Bank, The ECB is expected to slash interest rates by 50 basis points, while the Bank of England will probably approve a 75 basis points rate cut, aiming to boost their economies, once inflation levels have declined sharply in the last months.

Furthermore, next week the Fed will publish its Beige Book and the Reserve Bank of New Zealand will release its monetary policy decision. And as every first Friday of the month, the U.S. Labor Department will publish the Non-Farm payrolls report.

These are next weeks' most important events:


Monday December 1


  • 08:30    Switzerland    SVME - Purchasing Managers' Index - Oct   (Previous: 47)
  • 08:55    Germany    Purchasing Manager Index Manufacturing - Nov  (Previous: 42.9)
  • 09:00    European Monetary Union    Purchasing Manager Index Manufacturing - Nov (Previous: 41.1)
  • 09:30    United Kingdom    M4 Money Supply - Oct (Previous: 1.5% m/m; 12.4% y/y)
  • 09:30    United Kingdom    Purchasing Manager Index Manufacturing - Nov (Previous: 41.5)
  • 13:30    Canada    Gross Domestic Product - Oct (Previoyus: -0.3% m/m)
  • 15:00    United States    ISM Manufacturing -Nov (Previous: 38.9)
  • 18:30    United States    Fed's Bernanke Speech

Tuesday December 2


  • 00:30    Australia    Current Account Balance - 3Q  (Previous: -12774M)
  • 00:30    Australia    Retail Sales - Oct (Previous: 0.2%; ex inflation: -1.1%)
  • 03:30    Australia    RBA Interest Rate Decision  (Previous: 5.25%)
  • 06:45    Switzerland    Consumer Price Index - Oct (Previous: 0.5% m/m; 2.6% a/a)


Wednesday December 3


  • 00:01    United Kingdom    Nationwide Consumer Confidence - Nov (Previous:  55)
  • 00:30    Australia    Gross Domestic Product - 3Q (Previous: 0.3% q/q; 2.7% y/y)
  • 08:55    Germany    Purchasing Manager Index Services - Nov (Previous:  48.3)
  • 09:00    European Monetary Union    Purchasing Manager Index Services - Nov (Previous:  45.8)
  • 09:30    United Kingdom    Purchasing Manager Index Services - Nov (Previous: 42.4)
  • 10:00    European Monetary Union    Retail Sales - Nov (Previous: -0.2% m/m;  -1.6% y/y)
  • 10:30    United Kingdom    BRC Shop Price Index - Nov (Previous: 3% y/y)
  • 13:15    United States    ADP Employment Change - Nov (Previous: -157K)
  • 13:30    United States    Nonfarm Productivity - 3Q (Previous: 4.3%)
  • 15:00    United States    ISM Non-Manufacturing - Nov (Previous: 44.4)
  • 19:00    United States    Fed's Beige Book
  • 20:00    New Zealand    RBNZ Interest Rate Decision (Previous: 6.5%)


Thursday December 4


  • 00:30    Australia    Trade Balance - Oct (Previous: 1.46B)
  • 06:45    Switzerland    Gross Domestic Product - Oct (Previous: 0.3% m/m% 2.3% y/y)
  • 10:00    European Monetary Union    Revised Gross Domestic Product s.a. (QoQ) - 3Q (Previous: -0.2%)  
  • 12:00    United Kingdom    BoE Interest Rate Decision     (Previous: 3%)
  • 12:45    European Monetary Union    ECB Interest Rate Decision (Previous: 3.25%)
  • 15:00    United States    Factory Orders - Oct (Previous:  -2.5%)
  • 15:00    Canada    Ivey Purchasing Managers Index - Nov (52.2)


Friday December 5

    
  • 11:00    Germany    Factory Orders n.s.a. - Oct (Previous: -8% m/m; -2.7% y/y)
  • 12:00    Canada    Unemployment Rate - Nov (Previous: 6.2%)
  • 13:30    United States    Nonfarm Payrolls - Nov (Previous: -240K)
  • 13:30    United States    Unemployment Rate - Nov (Previous: 6.5%)

Published on  Mon, Dec 1 2008, 08:28 GMT


Archive

FXstreet.com  | Portaferrissa 7, 1r 2a, Barcelona 08002, Catalonia - Spain
http://www.fxstreet.com | forex@fxstreet.com


Related reports

Daily Global Commentary - Partisan Bickering is not the Solution for Fostering Economic Growth by Northern Trust
Sun, Nov 22 2009, 22:24 GMT

U.S. Forex Market Commentary by GCI
Sun, Nov 22 2009, 22:11 GMT

Intraday Forex Technical Report - U.S. Update: More dollar corrections by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 16:15 GMT

Interest Rate Monitor - Trichet tempers European rate rally by Interactive Brokers LLC
Fri, Nov 20 2009, 15:10 GMT

Top Fundamental Stories - European Central Bank Jean-Claude Trichet Gradually Exits Stimulus by ecPulse.com
Fri, Nov 20 2009, 14:13 GMT

indicator, boe, ecb, interestrate, rbnz

View All

Related content


Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
FOREX.com
Contact the broker/FDM
Open a demo account
Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account		Saxo Bank A/S
Contact the broker/FDM
Open a demo account		Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.