Busy Agenda For USD Traders [Video]
|The high importance UK Retail Sales report for October opens the data run at 9:30 in the morning. Sales dropped by point 8% in September after relatively robust July and August, which helped the quarter to remain overall in the green. Euro Zone Trade Balance data for September then follows a half an hour later. Surplus jumped by more than expected in August from July's level of 12.6 billion in the green. Then Buck traders will have plenty of updates to follow as five reports are out at 1:30 PM GMT, including the high importance advance October retail sales statistics. The overall sales edged up by one tenth of a percent in September to match August's gain. Philly Fed Survey for November is also out at this time. Previously the diffusion index for current general activity edged down slightly, from 22.9 in September to 22.2. Empire State Survey for November is among the releases as well. The headline general business conditions index rose two points to 21.1 in October. US Jobless Claims stats will be out as well. Initial Claims continued declining slowly during the week ending November 3rd as they slipped by one thousand. US Import Prices for October wrap up the busy 1:30 PM data run. Prices were up by a half a percent in September to wipe out August's decline of point 4%. Then there's a short break and another US publication is out at 3 PM GMT when the Business Inventories stats for September will be available. Inventories were up by a half a percent in August month on month and 4.2% up from a year ago level. Traders will also monitor closely a review of post hurricane Harvey recovery by the Federal Reserve Chairman Jerome Powell at 3 o'clock. New Zealand Manufacturing PMI for October wraps up this busy agenda at 9:30 PM. Manufacturing sector remained within a tight and low level of expansion in September as the index slipped to 51.7.
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