19th Dec to 23rd Dec 2016
BoJ Interest Rate Decision is to be announced by the Bank of Japan followed by a press conference. This conference will communicate investors regarding monetary policy. He will talk about the factors that affect the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy. Later in the evening, Markit Services PMI & Markit PMI Composite will be release from USA. As the services sector dominates a large part of total GDP, the services PMI is an important indicator of the overall economic condition in US. They are estimating the index moved slightly higher to 55.0 in December, from 54.7 in November, indicating solid Q4 growth. Early morning on Tuesday, The minutes of the Reserve Bank of Australia (RBA) meeting will be published two weeks after the interest rate decision. RBA decided to keep the interest rate unchanged. The minutes give a full account of the policy discussion, including differences of views of the public. Later in the day, Germany will release Producer Price Index, which measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation. During the European session, Consumer Confidence will be released by the European Commission, this is a leading index that measures the level of consumer confidence in economic activity. During the midday, UK will release the Public sector borrowing data, which captures an amount of new debt held by the U.K. governments. Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. Later in the day, US will release the Existing Home Sales. This will provide an estimated value of housing market conditions. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Thursday is the busiest day of this week, in terms of economic data. Early morning Gfk Consumer Confidence will be released from UK. This measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Mid evening will be filled with reports from US. Firstly, jobless claims which measure the number of individuals who are unemployed and are currently receiving unemployment benefits will take place. Next up will be Initial jobless claims, which is a measure of the number of people filing first-time claims for state unemployment insurance of which both reports presents the strength in the US labor market. The day will end with reports on consumer price index for several fields from USA. These reports should provide a clear indication to measure inflation and changes in purchasing trends in USA. The day will start with reports from Euro Zone. Gfk Consumer Confidence Survey measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. By Mid-day, Uk will release Gross Domestic Product which is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. The week will end with New Home Sales figures from USA. The data released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated.Monday
Tuesday
Wednesday
Thursday
Friday
