Top Stories
by ForexNewsNow Team on November 20, 2010

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

eur usd euro dollar realtime forex newsNEW 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, Nov. 22-26.

All times are given in GMT.

  1. Chicago Fed National Activity Index: Monday, 8:30 A.M. – The Federal Reserve Bank of Chicago will release its National Activity Index, which is a monthly index designed to gauge economic activity and inflationary pressures in the economy. Previously, the index came in at -0.58 in September, down from -0.49 in August.
  2. Gross Domestic Product Annualized: Tuesday, 8:30 A.M. – The U.S. Bureau of Economic Analysis will announce the annualized GDP figures for the U.S. economy. This figure is the most comprehensive measure of the strength of the economy as a whole and usually confirms or upsets economic expectations in the market when released.  Previous: 2.0%. Consensus Estimate: 2.4%
  3. Existing home sales MoM: Tuesday, 10:00 A.M. – The National Association of Realtors will release its existing home sales report for the Month of October. Previous: 10.0%. Consensus Estimate: -1.1%
  4. Durable goods orders for October: Wednesday, 8:30 A.M. – The U.S. Census Bureau will unveil the durable goods orders report for October at 8:30 A.M.  The report gauges the purchase of durable goods, which tend to cost more and thus represent a significant component of consumer spending combined with consumer confidence in the economy. Previous: 3.3%. Consensus Estimate: —
  5. Durable goods orders excluding transportation for October: Wednesday, 8:30 A.M. – This report smoothes some of the volatility with the overall durable goods orders report because it excludes transportation-related expenses. As such, it is the more closely watched of the two. Previous: 2.0%. Consensus Estimate: 2.4%
  6. Personal consumption expenditure core MoM: Wednesday, 8:30 A.M. – The Bureau of Economic Analysis will release the MoM figures for October for personal consumption expenditure core.  This removes volatile items, such as food and energy, to provide a less-volatile look at personal spending.
  7. Personal income: Wednesday, 8:30 A.M. – This broad gauge of employee earnings in the U.S. helps FX traders gauge the ability of the average person in the U.S. to spend. Consumer spending drives over 70% of the U.S. economy.
  8. Initial jobless claims: Wednesday, 8:30 A.M. – The U.S. Department of Labor will release its weekly initial jobless claims report, abbreviated this week due to the holiday. Accompanied by the report is the four-week moving average, which is more indicative of overall trends in unemployment.
  9. University of Michigan consumer sentiment index (USD): Wednesday, 9:55 A.M. – Released monthly by the University of Michigan, the CSI is a measure of consumer sentiment and is often viewed as a leading indicator of future economic performance in the U.S.  The preliminary reading for November stands at 69.3, up from October’s 67.7 rating.
  10. New home sales MoM: Wednesday, 10:00 A.M. – The National Association of Realtors will announce its new home sale figures for October. Raw sales figures are expected to increase slightly, to 310,000, up from September’s 307,000. Previous: 6.6%. Consensus Estimate: 1.0%

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))