Quote:
‘I cannot afford to waste my time making money.’ Louis Agassiz (1807-1873)
The News:
CFTC says speculators hold record long contracts in GBP and AUD.
The Numbers:
: Greenwich Mean Time, with expectations and previous figures in brackets.
(23:50) JP Q3 GDP +0.5% Q/Q, +2.0% Y/Y, versus +0.2% and +1.0% Q2; Deflator –0.8% % vs revised –1.2%.
07:00 DE Q3 GDP +0.6% Q/Q, +2.8% Y/Y, versus revised +1.1% and +2.7% Q2.
07:00 DE final October CPI +0.1% M/M, +1.1% Y/Y, versus +0.2% and +1.2%.
09:30 GB October CPI (+0.1% to +0.4% M/M, +2.4% to +2.7% Y/Y, versus +0.1% and +2.4% September).
10:00 E12 Q3 GDP (+0.4% to +0.8% Q/Q, +2.5% to +2.9% Y/Y, versus +0.9% and +2.7% Q2).
10:00 E12 November ZEW Survey (Sentiment -12 to –8 versus –12.5 October).
10:00 DE November ZEW Survey (Sentiment –31 to –15, Situation 42.0 to 49.0, versus –27.4 and 42.9 October).
13:30 US October PPI (-1.3% to +0.1% M/M, -1.0% to +0.9% Y/Y, versus –1.3% and +0.9% September).
13:30 US October PPI Ex-food and Energy (-0.4% to +0.3%, +0.5% to +1.8%, versus +0.6% and +1.2% September).
13:30 US October Retail Sales (-0.9% to +0.3% M/M, Ex-autos –0.9% to +0.4%, versus –0.4% and –0.5% September).
15:00 US September Business Inventories (+0.3% to +0.8% versus +0.6% August).
23:50 JP September Tertiary Industry Index (Mizuho Securities –1.2% versus +0.7% August)
The Psychology:
17:00 US Fed’s Minehan and Poole speak; Yellen at 21:00. SNB’s Roth speaks on FX 17:15.
The Risk:
09:00 DE Bundesbank’s Meister gives speech on Basel II regulations, Frankfurt; Fabritius at 18:00.
Today’s most interesting chart:
Thai baht Trading down steadily from 41.545 in January 2006.
