U.S. Dollar Weekly Outlook: The Top 10 USD Related Events Dec. 6 – Dec. 10

ForexNewsNow | Published on December 4, 2010 at 3:32 am

usd eur forex fx trading forecast outlookNEW YORK (Forex News Now) – The FNN team has prepared a list of the top 10 economic events most likely to impact USD and make realtime forex news during the coming week, Dec. 6 – Dec. 10.
All times are given in GMT.

1. IBD/TIPP Economic Optimism: Tuesday, 3:00 P.M. – TIPP will release its monthly level of diffusion index, based on a survey of consumers which asks them to rate the relative level of economic conditions. Above 50.0 indicates optimism, while below indicates pessimism. Previous: 46.7.

2. Consumer Credit: Tuesday, 8:00 P.M. – The Federal Reserve will release October data on the change in the total value of outstanding consumer credit. The figure is a key indicator of consumer spending and confidence. Previous: $2.1b.

3. Crude Oil inventories: Wednesday, 3:30 P.M. – The Energy Information Administration will release weekly data on the change in the amount of barrels of crude oil held in inventory by commercial firms. Previous: 1.1m.

4. Unemployment Claims: Thursday, 1:30 P.M. – The Department of Labor will release weekly data on the number of people who filed an unemployment claim for the first time during the past week. The data is a key indicator of economic health. Previous: 436,000.

5. Wholesale Inventories: Thursday, 3:00 P.M. – The Census Bureau will release monthly data on the change in the total value of goods held in inventory by wholesalers. The data is an indicator of future business spending. Previous: 1.5%.

6. Natural Gas Storage: Thursday, 3:30 P.M.The Energy Information Administration will release weekly data on the change in the amount of cubic feet of natural gas held in underground storage. Previous: 23b.

7. Trade Balance: Friday, 1:30 P.M. – The Bureau of Economic Analysis will release data on the difference in value between imports and exports in October. A positive number indicated that exports outweighed imports. Previous: -44b.

8. Import Prices: Friday, 1:30 P.M. – The Bureau of Labor Statistics will release data on the change in the price of imports purchased domestically in November. The data is a key indicator of inflation. Previous: 0.9%.

9. Prelim Consumer Sentiment: Friday, 2:55 P.M. – The University of Michigan will release its monthly level of composite index based on a survey of consumers. The data is a good indicator of consumer spending. Previous: 71.6.

10. Federal Budget Balance: Friday, 7:00 P.M. – The Department of the Treasury will release figures on the difference between the federal government’s income and spending in November. Previous: -140.4b.

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