Dr. Nektarios Michail
HotForex
Important events are coming out this week, with two GDP and three inflation releases. Wednesday is the day when the most important data releases will be out.
Tuesday – 13 November 2018
Average Earnings and Unemployment (UK, GMT 09:30) – UK Earnings are expected to have increased by 3% in September, compared to 2.7% in August, in reflection of the slight improvement in the UK economy. UK unemployment is expected to have remained at 4% in September.
Gross Domestic Product (JPY, GMT 23:30) – Growth in Japan is expected to have decreased by 1% in the third quarter, reflecting weaker than expected household spending.
Wednesday – 14 November 2018
Consumer Price Index (GBP, 09:30) – UK inflation is expected to have increased by 2.5% y/y in October, edging higher than the 2.4% observed in September.
EcoFin Meeting (EUR, Full Post) – European Finance Ministers are to convene on a variety of topics, ranging from Brexit to Italy.
Gross Domestic Product (EUR, GMT 10:00) – Euro Area real GDP for Q3 is expected to come out at 1.7%, the same levels as the previous quarter, reflecting the stability of the European economy.
Consumer Price Index (USD, 13:30) – The US CPI excluding Energy&Food for October is expected to have come out higher than last month, at 2.4%, reflecting the continuous growth of the US economy.
Thursday – 15 November 2018
Employment Data (AUD, GMT 00:30) – Australian labour market data are expected to deteriorate slightly, with the unemployment rate expected to increase to 5.1%, compared to 5% last month and employment to change only slightly.
Retail Sales (USD, GMT 13:30) – In accordance with the positive NFP surprise observed last month, retail sales are also expected to have increased by 0.5%, compared to -0.1% last month.
Friday – 16 November 2018
Consumer Price Index (EUR, GMT 10:00) – Similar to the GDP expectations, the Euro Area CPI is expected to have remained at the same levels as last month, at 2.2% y/y.
Industrial Production and Capacity Utilization (USD, GMT 14:15) – Industrial Production is expected to have increased by 0.2% in October, while Capacity Utilization is expected to have remained at the same levels as October, at 78.1%.
Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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