FX & CFD trading involves significant risk
Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia National Australia Bank's Business Confidence November 2 5
02:00 China Trade Balance, bln November 61.64 63.3 54.1
05:00 Japan Eco Watchers Survey: Outlook November 49.1 48.2
05:00 Japan Eco Watchers Survey: Current November 48.2 48.6 46.1
07:45 France Trade Balance, bln October -3.59 Revised From -3.38 -3.3 -4.58
08:00 United Kingdom Halifax house price index November 1.0% Revised From 1.1% 0.3% -0.2%
08:00 United Kingdom Halifax house price index 3m Y/Y November 9.7% 9%
09:30 United Kingdom Industrial Production (MoM) October 0.0% Revised From -0.2% 0.1% 0.1%
09:30 United Kingdom Industrial Production (YoY) October 1.5% Revised From 1.1% 1.2% 1.7%
09:30 United Kingdom Manufacturing Production (MoM) October 0.9% Revised From 0.8% 0% -0.4%
09:30 United Kingdom Manufacturing Production (YoY) October -0.4% Revised From -0.6% 0.1% -0.1%
10:00 Eurozone GDP (QoQ) (Revised) Quarter III 0.4% 0.3% 0.3%
10:00 Eurozone GDP (YoY) (Revised) Quarter III 1.5% 1.6% 1.6%
The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. job openings data. Job openings in the U.S. are expected to rise to 5.550 million in October from 5.526 million in September.
The euro mixed against the U.S. dollar on the GDP data from the Eurozone. Eurostat released its revised gross domestic product (GDP) data for the Eurozone on Tuesday. Eurozone's revised GDP rose 0.3% in third quarter, in line with the preliminary reading, after a 0.4% gain in the second quarter.
On a yearly basis, Eurozone's revised gross domestic product (GDP) increased 1.6% in third quarter, in line with the preliminary reading, after a 1.5% rise in the second quarter.
Household spending gained 0.4% in the third quarter, while gross fixed capital formation was flat.
Exports climbed by 0.2% in the third quarter, while imports rose by 0.9%.
The Bank of France cuts its growth forecast for the fourth quarter on Tuesday. The central bank expects the French economy to expand 0.3% in the fourth quarter, down from the previous estimate of a 0.4% growth.
According to the French Customs, France's trade deficit widened to €4.58 billion in October from €3.59 billion in September, missing expectations for a decline to a deficit of €3.3 billion.
The British pound traded lower against the U.S. dollar after the weaker-than-expected manufacturing data from the U.K. The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Tuesday. Manufacturing production in the U.K. fell 0.4% in October, missing expectations for a flat reading, after a 0.9% increase in September. September's figure was revised up from a 0.8% rise.
Manufacturing output was driven by a drop in the repair and maintenance of aircraft and spacecraft, which plunged by 21.5% in October.
On a yearly basis, manufacturing production in the U.K. decreased 0.1% in October, missing forecast of a 0.1% gain, after a 0.4% drop in September. September's figure was revised up from a 0.6% decrease.
Industrial production in the U.K. climbed 0.1% in October, in line with forecasts, after a flat reading in September. September's figure was revised up from a 0.2% decline.
The increase was driven by a rise in the production of oil, water and power.
On a yearly basis, industrial production in the U.K. gained 1.7% in October, exceeding expectations for a 1.2% rise, after a 1.5% increase in September. September's figure was revised up from a 1.1% rise.
The Canadian dollar traded lower against the U.S. dollar ahead the release of the housing market data from Canada. The Canadian building permits are expected to rise 3.2% in October, after a 6.7% decline in September.
Housing starts in Canada are expected to rise to 198,700 in November from 198,100 in October.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair declines to $1.4968
USD/JPY: the currency pair decreased to Y122.86
The most important news that are expected (GMT0):
13:15 Canada Housing Starts November 198.1 198.7
13:30 Canada Building Permits (MoM) October -6.7% 3.2%
15:00 United Kingdom NIESR GDP Estimate November 0.6%
15:00 U.S. JOLTs Job Openings October 5.526 5.550
17:50 Canada BOC Gov Stephen Poloz Speaks
23:30 Australia Westpac Consumer Confidence December 3.9%
23:50 Japan Core Machinery Orders October 7.5% -1.5%
23:50 Japan Core Machinery Orders, y/y October -1.7% 1.4%
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.