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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
06:00 Germany Gfk Consumer Confidence Survey November 8.4 Revised From 8.3 8.1 8.5
08:30 United Kingdom GDP, q/q (Preliminary) Quarter III +0.9% +0.7% +0.7%
08:30 United Kingdom GDP, y/y (Preliminary) Quarter III +3.2% +3.0% +3.0%
09:00 Eurozone EU Economic Summit
The U.S. dollar traded mixed to lower against the most major currencies ahead of the U.S. new home sales. New home sales in the U.S. are expected to decline to 437,000 units in September from 504,000 units in August.
Trade was cautious due to fears about the spread of the Ebola virus in the U.S. News said that a doctor who had worked in Africa had tested positive for the Ebola virus in New York City.
The euro traded mixed against the U.S. dollar after the better-than-expected Gfk German consumer confidence index. The Gfk German consumer confidence index increased to 8.5 in November from 8.4 in October, beating forecasts for a decline to 8.1. October's figure was revised up from 8.3.
Belgium's business climate index is expected to fall to -7.8 in October from -7.2 in September.
Market participants are awaiting the results of stress tests. The European Central Bank will announce the results of stress tests on Sunday.
The British pound slightly higher against the U.S. dollar after the U.K. gross domestic product. The U.K. gross domestic product (GDP) climbed 0.7% in the third quarter, in line with expectations, after a 0.9% rise in the second quarter.
On a yearly basis, the U.K. GDP increased 3.0% in the third quarter, in line with expectations, after a 3.2% rise in the second quarter.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair rose to $1.6071
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:00 Belgium Business Climate October -7.2 -7.8
14:00 U.S. New Home Sales September 504 473
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