This article is originally referred from FXGiants Facebook.
This week’s FXGiants Economic Events Outlook.
*Monday 21st November*
– 16:00 GMT, Eurozone: ECB Executive Board member Benoit Coeure speaks
– 16:30 GMT, Eurozone: ECB President Mario Draghi speaks: Although the ECB does not target the EUR, a weaker currency will help the Bank reaching its inflation goal. We expect officials to defend ECB’s easing policies, something that is unlikely to reverse euro’s slide against the dollar.
*Wednesday 23rd November*
– 09:00 GMT, Eurozone: Markit manufacturing PMI & Markit services PMI, for November: Rising PMIs could diminish further the likelihood for any fresh easing measures by the ECB and thereby reverse some of the euro’s recent gains.
– 12:30 GMT, US: Durable goods orders & Durable goods orders (ex. transportation): Rising durable goods could bring USD under renewed buying interest.
– 19:00 GMT, US: FOMC to publish the minutes of November policy meeting: The minutes may add to evidence that the Fed will indeed press the hike button in December, and add some more fuel to the USD rally.
*Thursday 24th November*
– 09:00 GMT, Germany: Ifo expectations index, for October: Even though the current conditions index is forecast to tick down, the composite figure is expected to rise alongside the expectations index, which may support EUR a bit.
– 23:50 GMT, Japan: CPI, for October: The core rate is expected to have ticked up. These could lower somewhat the likelihood for more easing by the BoJ, and reverse some of JPY’s recent losses.
*Friday 25th November*
– 19:00 GMT, UK: GDP, for Q3: As the 2nd estimate is expected to confirm the preliminary release, this may not be a major market mover for GBP, unless we have a revision.
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Original Source: FXGiants Facebook