On your Mark, Get Set, GO! Volatility Start

Article by Investazor.com

The race of economic publications will start from the first day of the week. As we know, the beginning of the month will be dedicated to the monetary policy meetings and also to a very important series of macroeconomic releases. These will most likely raise the forex market volatility and that it is why it important to be very attentive.

Calendar

Date

Currency

Forecast

Previous

SunDec 1

CNY

Manufacturing PMI

51.2

51.4

NZD

Overseas Trade Index q/q

3.00%

4.90%

MonDec 2

AUD

AIG Manufacturing Index

53.2

AUD

MI Inflation Gauge m/m

0.10%

JPY

Capital Spending q/y

3.10%

0.00%

AUD

Building Approvals m/m

-4.30%

14.40%

AUD

Company Operating Profits q/q

-0.80%

CNY

HSBC Final Manufacturing PMI

50.5

50.4

JPY

BOJ Gov Kuroda Speaks

AUD

Commodity Prices y/y

-1.00%

EUR

Spanish Manufacturing PMI

51.3

50.9

CHF

SVME PMI

55.1

54.2

EUR

Italian Manufacturing PMI

51.4

50.7

EUR

Final Manufacturing PMI

51.5

51.5

GBP

Manufacturing PMI

56.5

56

USD

Fed Chairman Bernanke Speaks

USD

Final Manufacturing PMI

54.3

54.3

USD

Construction Spending m/m

0.50%

0.60%

USD

ISM Manufacturing PMI

55.2

56.4

USD

Construction Spending m/m

0.40%

USD

ISM Manufacturing Prices

55

55.5

TueDec 3

JPY

Monetary Base y/y

47.20%

45.80%

NZD

ANZ Commodity Prices m/m

1.30%

GBP

BRC Retail Sales Monitor y/y

0.80%

AUD

Retail Sales m/m

0.40%

0.80%

AUD

Current Account

-11.1B

-9.4B

CNY

Non-Manufacturing PMI

56.3

JPY

Average Cash Earnings y/y

-0.20%

AUD

Cash Rate

2.50%

2.50%

AUD

RBA Rate Statement

EUR

Spanish Unemployment Change

44.3K

87.0K

GBP

Halifax HPI m/m

0.80%

0.70%

GBP

Construction PMI

59.3

59.4

EUR

PPI m/m

-0.10%

0.10%

USD

IBD/TIPP Economic Optimism

43.2

41.4

USD

Total Vehicle Sales

15.8M

15.2M

WedDec 4

AUD

AIG Services Index

47.9

GBP

BRC Shop Price Index y/y

-0.50%

AUD

GDP q/q

0.70%

0.60%

EUR

Spanish Services PMI

50.7

49.6

EUR

Italian Services PMI

51.2

50.5

EUR

Final Services PMI

50.9

50.9

ALL

OPEC Meetings

GBP

Services PMI

62.1

62.5

EUR

Retail Sales m/m

0.20%

-0.60%

EUR

Revised GDP q/q

0.10%

0.10%

USD

ADP Non-Farm Employment Change

174K

130K

CAD

Trade Balance

-0.7B

-0.4B

USD

Trade Balance

-40.3B

-41.8B

CAD

BOC Rate Statement

CAD

Overnight Rate

1.00%

1.00%

USD

ISM Non-Manufacturing PMI

55.4

55.4

USD

New Home Sales

432K

USD

New Home Sales

427K

421K

USD

Crude Oil Inventories

3.0M

USD

Beige Book

ThuDec 5

AUD

Trade Balance

-0.33B

-0.28B

JPY

10-y Bond Auction

0.61|3.7

GBP

Autumn Forecast Statement

GBP

Asset Purchase Facility

375B

375B

GBP

Official Bank Rate

0.50%

0.50%

GBP

MPC Rate Statement

USD

Challenger Job Cuts y/y

-4.20%

EUR

Minimum Bid Rate

0.25%

0.25%

CAD

Building Permits m/m

2.40%

1.70%

EUR

ECB Press Conference

USD

Prelim GDP q/q

3.10%

2.80%

USD

Unemployment Claims

322K

316K

USD

Prelim GDP Price Index q/q

1.90%

1.90%

CAD

Ivey PMI

60.2

62.8

USD

Factory Orders m/m

-0.70%

1.70%

USD

Natural Gas Storage

-13B

FriDec 6

AUD

AIG Construction Index

54.4

JPY

Leading Indicators

109.90%

109.20%

EUR

French Gov Budget Balance

-80.8B

EUR

French Trade Balance

-5.1B

-5.8B

CHF

Foreign Currency Reserves

434.7B

CHF

CPI m/m

-0.10%

-0.10%

GBP

Consumer Inflation Expectations

3.20%

EUR

German Factory Orders m/m

-0.40%

3.30%

CAD

Employment Change

7.6K

13.2K

CAD

Unemployment Rate

7.00%

6.90%

CAD

Labor Productivity q/q

0.50%

0.50%

USD

Non-Farm Employment Change

184K

204K

USD

Unemployment Rate

7.20%

7.30%

USD

Average Hourly Earnings m/m

0.20%

0.10%

USD

Core PCE Price Index m/m

0.10%

0.10%

USD

Personal Spending m/m

0.40%

0.20%

USD

Personal Income m/m

0.30%

0.50%

USD

Prelim UoM Consumer Sentiment

76.2

75.1

USD

Prelim UoM Inflation Expectations

2.90%

USD

FOMC Member Evans Speaks

USD

Consumer Credit m/m

14.6B

13.7B

SatDec 7

JPY

BOJ Gov Kuroda Speaks

 

On Monday Kuroda and Ben Bernanke are scheduled to speak, Australia will release the Building Approvals, UK the Manufacturing PMI and US the ISM Manufacturing. Tuesday Reserve Bank of Australia will announce the Cash Rate which will be followed by a statement.

Wednesday the eyes of the investors will be on the Australian GDP; Services PMI for UK; Trade Balance and Overnight rate for Canada; Trade Balance, ISM Non-Manufacturing, New Home Sales and maybe the most important the ADP Non-Farm Payrolls for the United States.

Thursday will be a very heavy day. Bank of England will announce their monetary policy with the Asset Purchases and the Official Bank Rate followed by a statement. The ECB will have the monetary policy followed by the press conference and the United States will release the Prelim GDP for the past quarter and the Unemployment Claims.

But the race is not over without Friday, when Canada will publish some labor market data and the United States will release the Unemployment Rate, Non-Farm Payrolls and not to forget about the Prelim UoM Consumer Sentiment.

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