By TraderVox.com
Tradervox (Dublin) – The US dollar and the yen have had a great week riding on the fears in the Euro-zone. The euro-zone concerns are expected to continue through this week and the market will be treated to a week with numerous major events.
Monday 14
The market will receive report from Australian Bureau of Statistics showing the Home Loans data for the country. A high reading is regarded as bullish for the economy which is good for consumer confidence. This report will be released at 0130hrs GMT and it’s expected to show -2.0 percent from -2.5 percent registered previously. Another report expected to affect the market, is the Germany Wholesale Price Index expected to be released at 0600hrs GMT.
Tuesday 15
Euro-Zone GDP data is expected to be released on Tuesday with France releasing at 0530hrs GMT and Germany at 0600hrs GMT. The whole of euro-area GDP will be released at 0900hrs GMT. The euro-zone GDP data is expected to show that the region is entering into an early recession as a second consecutive contraction in the economy is expected. Spain and Italy are already in recession while Germany is expected to escape it with a very slight margin.
Wednesday 16
At 1230hrs, US building Permits report will be released by the housing department. The market expects a further increase to 730,000 units. Another report is the US FOMC Meeting Minutes report which will be released at 1800hrs which is expected to show the direction in QE3 efforts.
Thursday 17
US Unemployment Claims report will be released at 1230hrs GMT. The jobless claims filed last week declined to 367,000 but the market is expecting an increase this week to 371,000. The US Philly Fed Manufacturing Index will be released at 1400hrs and an increase to 10.6 is forecasted.
Friday 18
The G8 Meeting will start on Friday and end on Saturday 19. The G8 Summit will be hosted by US President Barrack Obama at Camp David. The G8 members include France, Canada, Germany, Japan, Italy, Russia, US, and UK.
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