Sun Nov 16

18:50 PM

JPY Gross Domestic Product Annualized (3Q P)

-0.4%

0.1%

-3.7%(R-)

18:50 PM

JPY Gross Domestic Product (QoQ) (3Q P)

-0.1%

0.0%

-0.9%(R-)

18:50 PM

JPY Nominal Gross Domestic Product (QoQ) (3Q P)

-0.5

-0.3%

-1.2%(R-)

18:30 PM

JPY Gross Domestic Product Deflator (YoY) (3Q P)

-1.6%

-1.7%

-1.6%(R-)

18:30 PM

JPY Tertiary Industry Index (MoM) (SEP)

-0.6%

-0.5%

-1.3%(R+)

19:30 PM

AUD Retail Sales Ex Inflation(QoQ) (3Q)

0.1%

0.4%

-0.2%(R+)

Mon Nov 17

05:00 AM

EUR Euro-Zone Trade Balance (euros) (SEP)

-5.6B

-6.0B

-9.4B(R-)

05:00 AM

EUR Euro-Zone Trade Balance s.a. (euros) (SEP)

-5.7B

-5.7B

-5.7B(R+)

08:30 AM

USD Empire Manufacturing (NOV)

-25.43

-26.00

-24.60

19:30 PM

AUD Reserve Bank of Australia Board Minutes (NOV)

Tue Nov 18

00:00 AM

JPY Leading Index (SEP F)

89.4

89.4

89.2

04:30 AM

GBP Consumer Price Index (MoM) (OCT)

-0.2%

0.1%

0.5%

04:30 AM

GBP Consumer Price Index (YoY) (OCT)

4.5%

4.8%

5.2%

04:30 AM

GBP Core Consumer Price Index (YoY) (OCT)

1.9%

2.2%

2.2%

09:00 AM

USD Net Long-term TIC Flows (SEP)

$66.2B

$27.2B

$21.0B(R+)

09:00 AM

USD Total Net TIC Flows (SEP)

$143.4B

$21.4B(R+)

Wed Nov 19

04:30 AM

GBP Bank of England Minutes

06:00 AM

GBP U.K. CBI Industrial Trends (NOV)

08:30 AM

CAD Leading Indicators (MoM) (OCT)

-0.4%

-0.2%

-0.3%(R-)

08:30 AM

USD Consumer Price Index n.s.a. (OCT)

216.573

218.783

08:30 AM

USD Consumer Price Index (MoM) (OCT)

-1.0%

-0.8%

0.0%

08:30 AM

USD Consumer Price Index (YoY) (OCT)

3.7%

4.1%

4.9%

08:30 AM

USD Consumer Price Index Ex Food & Energy (MoM) (OCT)

-0.1%

0.2%

0.1%

08:30 AM

USD Consumer Price Index Ex Food & Energy (YoY) (OCT)

2.2%

2.4%

2.5%

08:30 AM

USD Consumer Price Index Core Index s.a. (OCT)

216.801

216.956

08:30 AM

USD Housing Starts (OCT)

791K

780K

817K

14:00 PM

USD Minutes of FOMC Meeting

18:50 PM

JPY Merchandise Trade Balance Total (Yen) (OCT)

¥71.8B

¥88.5B(R-)

18:50 PM

JPY Adjusted Merchandise Trade Balance (Yen) (OCT)

¥75.5B

-¥33.0B

23:00 PM

JPY BoJ Monetary Policy Meeting

Thu Nov 20

JPY Bank of Japan Target Rate

0.30%

0.30%

02:15 AM

CHF Trade Balance (Swiss franc) (OCT)

1.44B

04:30 AM

GBP Retail Sales (MoM) (OCT)

-0.8%

-0.4%

04:30 AM

GBP Retail Sales (YoY) (OCT)

1.5%

1.8%

10:00 AM

USD Philadelphia Fed. (NOV)

-35

-37.5

18:30 PM

USD Treasury’s Paulson to Speak On Economy, Markets In Washington

Fri Nov 21

03:00 AM

EUR French Purchasing Managers Index Services (NOV P)

46.6

47.5

07:00 AM

CAD Consumer Price Index (MoM) (OCT)

-0.2%

-0.1%

07:00 AM

CAD Consumer Price Index (YoY) (OCT)

3.4%

3.4%

07:00 AM

CAD Bank Canada Consumer Price Index Core (MoM) (OCT)

0.0%

0.4%

07:00 AM

EUR Euro-Zone Consumer Price Index (YoY) (OCT)

1.9%

1.7%

Interest Rate Decision

This news release details the decision for the overnight lending rate, which affects borrowing rates for consumers and businesses. Higher rates are intended to slow an economy and stem inflation, while lower rates are meant to spur economic activity through increased borrowing and consumption. Currencies are bolstered in a rising rate environment, while declining rates have the opposite effect.

Change In Employment

This report provides the net change in the number of individuals employed in the country. Economists watch for a signal of increasing or decreasing job growth, as they are leading indicators that future consumption and expenditures will expand or contract accordingly.

Consumer Price Index (CPI)

This report is a key barometer for inflation in an economy. It measures the change in prices over a period for a predetermined basket of consumer goods and services that the average household will purchase. Increased costs for such goods represent an increase in the cost of living for the average family, which translates to declining purchasing power. A central bank is likely to raise rates to counteract inflation, which in turn will generally strengthen the underlying currency.

Retail Sales

This report acts as a barometer of consumer spending and sentiment, as it measures the total sales of goods and services by retail stores. Strong sales indicate bullishness on the part of consumers, which in turn translates to an expanding economy. Weaker sales indicate that consumers are cautious and less willing to consume, which in turn translates to contraction in the economy.

Trade Balance

The trade balance figure is simply the difference between the amount of export and imports of goods and services for the reported month between a country and other foreign trade partners. When exports are greater than imports, a trade surplus is created. When imports are greater than exports, a deficit is created. If there is more money leaving the country than actually coming in. As a result, the report is taken into heavy consideration as it indicates flow of goods and services and stand as one of the biggest components of the Balance of Payments report.

Gross Domestic Product

This report provides a barometer of the country’s overall economic health, measuring the production and consumption of goods and services. Strong GDP growth signals an expanding economy and raises concerns of inflation, portending the likelihood of rising rates. Contraction signals a slowing economy and the fear of recession, which generally leads to falling interest rates.

ISM Manufacturing Survey

This survey provides a barometer on the sentiment of executives toward inflation, business outlook (e.g. new orders, production, backlog, inventory levels, etc.) and labor conditions. Values over 50 indicate expansion, while values below 50 signal contraction.

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The USD/JPY has a pending long and short pivot trade at this time. The EUR/USD has a pending long pivot trade. The GBP/USD has a pending long pivot trade. If this pair pulls back during this week’s sessions we could have a new pivot low.  There is a pending short pivot trade in the USD/CHF.

There are no movers trades for tomorrow.

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