• FxWirePro: the day ahead- 5th December 2017

    Source: FxWire Pro - Commentary / 04 Dec 2017 23:47:32   Eastern Standard Time

    Lots of economic data and events scheduled for today and some with high volatility risks associated.


    Data released so far:

    • New Zealand: ANZ commodity price index down 0.9 percent in November.
       
    • United Kingdom: BRC like for like retail sales up 0.6 percent in November.
       
    • Australia: Retail sales up 0.5 percent in October. Third quarter current account balance came at -9.1 billion. RBA kept monetary policy unchanged at today’s meeting with rates at 1.5 percent.
       
    • China: Caixin services PMI rose to 51.9 in November.

    Upcoming:

    • Spain: Industrial output report will be released at 8:00 GMT, followed by Markit services PMI report at 8:15 GMT.
       
    • Italy: Markit services PMI report will be released at 8:45 GMT.
       
    • France: Markit services PMI report will be released at 8:50 GMT.
       
    • Germany: Markit services PMI report will be released at 8:55 GMT.
       
    • Eurozone: Markit services PMI report will be released at 9:00 GMT. October retail sales report will be released at 10:00 GMT.
       
    • United Kingdom: Markit services PMI report will be released at 9:30 GMT.
       
    • United States: October trade balance report will be released at 13:30 GMT. Markit services PMI report will be released at 14:45 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. TIPP economic optimism at 15:00 GMT.
       
    • Canada: October trade balance report will be released at 13:30 GMT.
       
    • New Zealand: Global dairy auction is scheduled today.
       
    • Auction: U.S. will auction 1-month and 12-month bills at 16:30 GMT. Spain will sell 6-month and 12-month bonds today.
       

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