Weekly economic news (November 14 – 18, 2016)
WEEKLY ECONOMIC NEWS FORECAST:
There will be a heavier news schedule this week compared to last week, with major input due from the Reserve Bank of Australia, plus a slew of economic data mostly from the U.S.A.
This week’s agenda will probably be dominated by the U.S. data on Tuesday and particularly Thursday, and any news which may arise from the continuing preparation of the new President-elect for his assumption of office in the U.S.A. next January.
1. U.S. Dollar:
It will be a quite busy week for the greenback, starting on Tuesday with the release of Retail Sales data. On Wednesday, we will get PPI numbers and Crude Oil Inventories. Thursday will see releases of Building Permits, CPI, Unemployment Claims and the Philly Fed Manufacturing Index.
2. Australian Dollar:
It will be an important week for the Aussie, centered on Tuesday, with the Reserve Bank of Australia releasing its monthly Monetary Policy Meeting Minutes. Later, on Thursday, we will get Unemployment Rate and Employment Change data.
3. Chinese Yuan:
It will be a reasonably important week for the Yuan, with nothing due except a release of Industrial Production data on Tuesday.
4. British Pound:
It will be a busy week for the Pound, starting with Inflation Report hearings on Monday. Tuesday will see the release of CPI data, followed on Wednesday by Average Earnings Index and Claimant Count Change numbers.
It will be a very light week for the Euro, with nothing due except German Preliminary GDP data on Tuesday.
6. Japanese Yen
It will be a very light week for the Yen, with nothing due except Preliminary GDP data on Monday.
7. New Zealand Dollar
It will be quite a busy week for the Kiwi, starting on Monday with a release of Retail Sales data, and continuing Tuesday with GDT Price Index numbers. Finally, Wednesday will bring PPI Input data.
8. Canadian Dollar
It will be a reasonably week for the Loonie, with Manufacturing Sales numbers due on Wednesday and Core CPI data on Friday.
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