Weekly Market Forecast Nov 10 2014

Let’s take a quick look at the most critical  events which may influence the currency market next week :

  • Chinese CPI (YoY) (Oct) , Monday at 01:30 .The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation, last read was1.6% , forecast is expecetd to remain the same . Market Impact :A higher than expected reading should be taken as positive/bullish for the CNY and AUD, while a lower than expected reading should be taken as negative/bearish for the CNY and AUD.
  • UK Average Earnings Index +Bonus (Sep) , Wednesday at 09:30 .The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. The Average Earnings figure gives us a good indication of personal income growth during the given month.Last read was 0.7% , Forecast 0.9% . Market Impact :A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
  • UK Claimant Count Change (Oct) , Wednesday at 09:30 .Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.Last read was -18.6 K , Forecast is -24.9 K. Market Impact : A higher than expected reading should be taken as negative/bearish for the GBP, while lower than expected reading should be taken as positive/bullish for the GBP.
  • Chinese Industrial Production (YoY) (Oct) , Thursday at 05:30 . Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.Last read was 8.0% , Forecast is 8.0% . Market Impact:A higher than expected reading should be taken as positive/bullish for the CNY and AUD, while a lower than expected reading should be taken as negative/bearish for the CNY and AUD.
  • German CPI (MoM) (Oct) , Thursday at 07:00 .The German Consumer Price Index (CPI) measures the changes in the price of goods and services purchased by consumers. Last read was – 0.3% , Forecast is -0.2% . Market Impact : A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  • US Initial Jobless Claims , Thursday at 13:30 .Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. Last read was 278K , Forecast is 280K . Market Impact: A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
  • German GDP (Q/Q) (Q3) , Friday at 07:00 .Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole. Last read was -0.2% , Forecast is 0.1% . Market Impact :A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  • EURO zone CPI (YoY) (Oct) , Friday at 10:00 .The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. Last read was 0.4% , Forecast is 0.3% . Market Impact : A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  • US Retail Sales (MoM) (Oct) , Friday at 13:30 .Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. Last read was -0.3% , Forecast is 0.2% . Market Impact :A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
  • US Michigan Consumer Sentiment (Nov) , Friday at 14:55 .The University of Michigan Consumer Sentiment Index rates the relative level of current and future economic conditions. There are two versions of this data released two weeks apart, preliminary and revised. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers.Last read was 86.9 , Forecast is 87.5 . Market Impact:A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

*All times are GMT

MARKET DATA

UPCOMING ECONOMIC EVENTS