Forex Analysis
by ForexNewsNow Team on December 24, 2010

U.S. Dollar Weekly Outlook: The Top USD Related Events Dec. 27 – Dec. 31

US flagNEW YORK (Forex News Now) – The FNN team has prepared a list of the top economic events most likely to impact USD and make realtime forex news during the coming week, Dec. 27 – Dec. 31. This is a quieter-than-usual week, as business slows over the Christmas and New Years holiday period.

All times are given in GMT.

1. Standard & Poor’s Composite-20 HPI: Tuesday, 2:00 P.M. – Standard & Poor’s will release its monthly house price index, which shows the annualized change in the selling price of single-family homes in 20 metro areas. Previous: 0.6%.

2. Consumer Confidence: Tuesday, 3:00 P.M.The Conference Board will release its level of a composite index based on surveyed households. The index is a leading indicator of consumer spending. Previous: 54.1.

3. Richmond Manufacturing Index: Tuesday, 3:00 P.M. – The Federal Reserve Bank of Richmond will release its level of a composite index based on surveyed manufacturers in Richmond. Above 0 indicates improving conditions. Previous: 9.

4. Jobless Claims: Thursday, 1:30 P.M. – The Department of Labor will release data on the number of people who filed for unemployment insurance for the first time during the past week, an important indicator of economic health. Previous: 420k.

5. Chicago PMI: Thursday, 2:45 P.M. – Kingsbury International, Ltd. will release the level of a diffusion index based on surveyed purchasing managers in greater Chicago. Above 50.0 indicates expansion. Previous: 62.5.

6. Pending Home Sales: Thursday, 3:00 P.M. – The National Associationm of Realtors will release data on the November change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding construction. Previous: 10.4%.

7. Natural Gas Storage: Thursday, 3:30 P.M. – The Energy Information Administration will release data on the change in the cubic feet of natural gas held in underground storage the past week. Previous: -164b.

8. Crude Oil Inventories: Thursday, 4:00 P.M. – The Energy Information Administration will release data on the change in the number of barrels of crude oil held in commercial inventory the past week. Previous: -5.3m.

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