FX & CFD trading involves significant risk
comments by the European Central Bank Vice President Vitor Constancio
Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Construction Work Done Quarter III -1.2% -1.7% -2.2%
07:00 Switzerland UBS Consumption Indicator October 1.39 1.29
09:30 United Kingdom Business Investment, q/q Quarter III +3.3% +2.3% -0.7%
09:30 United Kingdom Business Investment, y/y Quarter III +6.7% +6.3%
09:30 United Kingdom GDP, q/q (Revised) Quarter III +0.7% +0.7% +0.7%
09:30 United Kingdom GDP, y/y (Revised) Quarter III +3.0% +3.0% +3.0%
11:00 United Kingdom CBI retail sales volume balance November 31 28 27
The U.S. dollar mixed against the most major currencies ahead of the U.S. economic data. The number of initial jobless claims in the U.S. is expected to decline by 4,000 to 287,000.
The Chicago purchasing managers' index is expected to decline to 63.1 in November from 66.2 in October.
The final Reuters/Michigan Consumer Sentiment Index is expected to rise to 902.4 in November.
Personal income in the U.S. is expected to rise 0.4% in October, after a 0.2% gain in September.
Personal spending in the U.S. is expected to climb 0.4% in October, after a 0.2% fall in September.
The U.S. durable goods orders are expected to decrease 0.4% in October, after a 1.1% drop in September.
The U.S. durable goods orders excluding transportation are expected to increase 0.5% in October, after a 0.1% fall in September.
New home sales in the U.S. are expected to rise to 471,000 units in October from 467,000 units in September.
Pending home sales in the U.S. are expected to climb 0.9% in October, after a 0.3% increase in September.
The euro traded mixed against the U.S. dollar after comments by the European Central Bank (ECB) Vice President Vitor Constancio. He said on Wednesday that the ECB could buy government bonds early next year if the central bank decides to add new stimulus measures.
The British pound rose against the U.S. dollar after the U.K. revised GDP (gross domestic product) data. The U.K. revised GDP climbed by 0.7% in the third quarter, in line with expectations.
On a yearly basis, the U.K. GDP gained 3.0% in the third quarter, in line with expectations.
The Confederation of British Industry released its monthly Distributive Trades survey today. The CBI retail sales balance declined to 27% in November from 31% in October, missing expectations for a decrease to 28%.
The Swiss franc traded mixed against the U.S. dollar. Switzerland's UBS consumption indicator declined to 1.29 points in October from 1.39 points in September. September's figure was revised down from 1.41 points.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair rose to $1.5788
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:30 U.S. Initial Jobless Claims November 291 287
13:30 U.S. Personal Income, m/m October +0.2% +0.4%
13:30 U.S. Personal spending October -0.2% +0.4%
13:30 U.S. PCE price index ex food, energy, m/m October +0.1% +0.1%
13:30 U.S. PCE price index ex food, energy, Y/Y October +1.5%
13:30 U.S. Durable Goods Orders October -1.1% Revised From -1.3% -0.4%
13:30 U.S. Durable Goods Orders ex Transportation October -0.1% Revised From -0.2% +0.5%
13:30 U.S. Durable goods orders ex defense October -1.5%
14:45 U.S. Chicago Federal National Activity Index November 66.2 63.1
14:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) November 89.4 90.2
15:00 U.S. New Home Sales October 467 471
15:00 U.S. Pending Home Sales (MoM) October +0.3% +0.9%
15:30 U.S. Crude Oil Inventories November +2.6
21:45 New Zealand Trade Balance, mln October -1350 -645
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