Euro Weekly Outlook: The Top 10 EUR related events Nov. 22-26

ForexNewsNow | Published on November 20, 2010 at 12:43 am

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eur usd fx realtime forex news analysis dollar euroNEW YORK (Forex News Now) – The FNN team has prepared a list of the top 10 economic events most likely to impact EUR  and make realtime forex news during the coming week, Nov. 22-26.

All times are given in GMT.

  1. Euro zone consumer confidence: Monday, 10:00 A.M. – The Directorate General for Economic and Financial Affairs will release its consumer confidence report for the month of November.  The report is a gauge of consumer confidence in the economy, which can hint at future spending. Previous: -11. Consensus Estimate: -10
  2. German Gross Domestic Product YoY: Tuesday, 2.00 A.M. – The German Federal Statistics Office will release its GDP report for the third quarter on a YoY basis. The German economy is the largest single contributor to the overall euro zone economy.  Previous: 3.9%. Consensus Estimate: 3.9%
  3. German 3Q exports: Tuesday, 2:00 A.M. – Germany will announce its total export figures for the third quarter. Germany is a net exporter, so significant fluctuations in its export totals could impact the euro. Previous: 8.2%. Consensus Estimate: 3.2%
  4. Euro zone Purchasing Managers Index Composite: Wednesday, 12:01 A.M. – The Euro zone Purchasing Managers Index Composite report will be released, and will provide an assessment of the business climate in manufacturing and services. A positive PMI is generally indicative of an optimistic outlook in the business community. Previous: 53.8. Consensus Estimate: —
  5. German IFO business climate: Wednesday, 4:00 A.M. – One of the country’s key business climate indicators, the IFO will supply indicators regarding the business sentiment in Germany, the EU’s largest economic mover. This report almost always moves the market upon release. Previous: 107.6. Consensus Estimate: 107.5
  6. Euro zone industrial new orders for September (MoM): Wednesday, 5:00 A.M. – The industrial new orders report is an indicator of overall GDP health and outlook.  Industrial manufacturing contributes to a quarter of euro zone GDP and can indicate whether or not the GDP will increase. Previous: 5.3%. Consensus Estimate: —
  7. French consumer confidence index: Thursday, 2:45 A.M. – The European Central Bank is set to release the French consumer confidence report, a measure of popular sentiment regarding the current and future state of the French economy – the second-largest economy in the euro zone. Previous: -34. Consensus Estimate: -33
  8. German Consumer Price Index: Friday, 1:00 A.M. – The Federal Statistical Office in Germany will release its CPI for the month of November. The CPI is a major economic indicator for the euro zone, because it provides hints as to inflationary pressures. An increase in the CPI is indicative of overall upward pressure on euro zone inflation. Previous: 4.3%. Consensus Estimate: —
  9. French consumer spending: Friday, 2:45 A.M. – Consumer spending is a major driver of the euro zone economy.  This report will release monthly figures on a YoY basis for consumer spending in France.  Previous: 1.1%. Consensus Estimate: 0.4%
  10. Euro zone M3 YoY: Friday, 4:00 A.M. – The European Central Bank will release its figures for the money supply in the euro zone.  The M3 includes all currency in circulation, bank deposits, repurchase agreements, debt securities, and the value of money market shares. Rise in M3 can lead to price inflation, which could result in interest rate hikes in the future. Previous: 1.0%. Consensus Estimate: — 1.3%

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