What is it? It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
When? At 7:30pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the AUD to rise.
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What is it? It's a leading indicator of economic health - manufacturers are quickly affected by market conditions, and changes in their sales can be an early signal of future activity such as spending, hiring, and investment.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.
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What is it? As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 5:15am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the EUR to rise.
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The euro fell to six-and-a-half month lows against the yen on Monday, and was also weaker against the dollar and the pound after terror attacks in Paris hit risk sentiment.
EUR/JPY fell to lows of 130.66, the lowest level since April 29, and was last at 131.92.
Demand for safe haven assets was boosted after attackers killed more than 130 people in Paris on Friday, prompting retaliatory French air strikes against Islamic State in Syria.
The single currency was already under pressure from heightened expectations that the European Central Bank will enlarge its stimulus program, aimed at boosting price growth in the euro area, before the years end.
ECB President Mario Draghi was to speak at an event in Madrid later in the day.
The yen showed little reaction after data showing that Japan’s economy contracted at an annual rate of 0.8% in the three months to September, after a 1.2% contraction in the previous quarter, putting the country into a technical recession.
The weak data added to pressure on the Bank of Japan to step up monetary easing measures to shore up growth.
EUR/USD hit lows of 1.0688, not far from the seven-month lows of 1.0673 set early last week, and was last at 1.0736, off 0.34% for the day.
EUR/GBP hit low of 0.7023, the weakest level since August 7 and was last at 0.7066, little changed for the day.
The dollar moved higher against the yen, with USD/JPY rising 0.18% to 122.82.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.27% to 99.15.
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Stocks: U.S. stocks opened slightly lower on Friday, weighed down by weak October retail sales data and disappointing forecasts from department store chains as well as Cisco (O:CSCO).
The Dow Jones industrial average (DJI) fell 37.95 points, or 0.22 percent, to 17,410.12. The S&P 500 (SPX) lost 5.33 points, or 0.26 percent, to 2,040.64 and the Nasdaq Composite (IXIC) dropped 24.05 points, or 0.48 percent, to 4,981.03.
Economic Indicators: U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending that could temper expectations of a strong pickup in fourth-quarter economic growth. The Commerce Department said on Friday retail sales edged up 0.1 percent last month after being unchanged in September.
Economists polled by Reuters had forecast retail sales increasing 0.3 percent in October after a previously reported 0.1 percent increase in September. Sales at auto dealerships fell 0.5 percent last month after rising 1.4 percent in September. The decline is surprising given that motor vehicle manufacturers reported strong sales for October.
Stocks: Volkswagen (DE:VOWG_p) has set a deadline at the end of November for its whistleblower program designed to encourage workers to disclose information about the carmaker's two emissions scandals in a move to speed up investigations.
Europe's largest carmaker has been making slow progress in finding out who had knowledge of the rigging of diesel emissions tests two months after the manipulations became public in the United States, and last week also admitted to cheating on carbon dioxide emissions certifications.
Commodities: Brent crude edged up from a sharp drop on Friday, but was on track for the biggest weekly loss in more than two months as swelling stocks weighed on the market.
The International Energy Agency said there was a record 3 billion barrels in tanks worldwide.
"The underlying sentiment is bearish," said PVM analyst Tamas Varga. "I don't see anything that could support prices rising in the long term."
Forex: The dollar rose against the other major currencies on Friday, recovering from mild losses posted after Federal Reserve Chair Janet Yellen gave no indication on the timing of a potential rate hike as investors awaited the release of U.S. data later in the day.
USD/JPY edged up 0.15% to 122.77.
The dollar weakened mildly after Fed Chair Janet Yellen refrained from giving any indications on the near-term outlook for the U.S. economy or monetary policy in a speech on Thursday.
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Growth in the eurozone slowed to 0.3 percent in the third quarter, compared with the previous quarter when it grew by 0.4 percent. Germany, the region's largest economy, also slowed down to grow by 0.3 percent as falling exports weighed on economic growth.
Germany's growth figure matched market expectations but was slower than the 0.4 percent expansion in the previous quarter, while the GDP for the 19-nation eurozone was below market expectations of 0.4 percent. Growth in the 28-nation European Union held steady at 0.4 percent, according to official data.
In Germany, where the economy is driven by exports, higher spending by households and the government helped offset declines in foreign trade, the country's official statistics agency said.
"According to preliminary estimates, growth was held back by foreign trade because imports rose far more strongly than exports," the agency added. Germany expanded 1.7 percent from a year earlier if adjusted seasonally.
France’s GDP also grew 0.3 percent last quarter, a separate data released earlier showed. GDP figures for the largest eurozone economies have lagged due to weak trade performance. Data showed Italy and Netherlands also reported marginal expansions Friday, while Portugal was flat and Finland reported a small decline in its economy.
The third quarter was also marred by Greece’s near-exit from the bloc, denting investor confidence in the region. The bloc's waning growth may reportedly encourage the European Central Bank to hold off on a hike in interest rates even as investors expect the U.S. Federal Reserve to hike rates for the first time in nine years at its December meeting.
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It's Friday the 13th. Do you feel (Un)lucky?
What is it? Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? At 10:00am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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Stocks - U.S. stock indexes opened lower on Thursday after weekly U.S. jobless claims data indicated the Federal Reserve could raise interest rates next month.
St. Louis Fed President James Bullard, a prominent hawk who is ready to increase rates, raised concerns of permanently low rates in industrial nations that could force a rethink of monetary policy.
Economy Indicators - The number of job openings in the U.S. rose more than expected in September, boosting optimism over the strength of the labor market and supporting the case for a U.S. rate hike, official data showed on Thursday.
In a report, the U.S. Labor Department said that the number of job openings, excluding the farming industry, increased to 5.53 million in September from 5.37 million a month earlier. Analysts had expected the number of job openings to hold steady at 5.37 million.
The report has garnered more attention lately, as Federal Reserve Chair Janet Yellen often cites the survey when assessing the state of the labor market.
Economy Indicators - A signal from European Central Bank president Mario Draghi that further policy easing is coming next month pushed the euro and government bond yields lower on Thursday but failed to lift stocks, which buckled under the weight of gloomy corporate news.
The gap between 5-year U.S. and euro zone bond yields hit its highest since 1999, while the dollar's rebound helped push crude oil to lows not seen since late August and copper to a six-year low.
Commodities - Gold prices sank to the lowest level since February 2010 on Thursday, as investors awaited comments from a range of Federal Reserve speakers for further indications on the likelihood of a December rate hike.
Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $5.00, or 0.46%, to trade at $1,079.90 a troy ounce during U.S. morning hours. It earlier fell to $1,073.40, the lowest level in more than five years.
Economy Indicators - The U.S. Federal Reserve must weigh the effects of post-crisis financial regulations and new channels through which policy affects markets as it prepares to raise interest rates, Fed Chair Janet Yellen said on Thursday.
Yellen, kicking off a research conference on policy transmission and implementation after the 2007-2009 financial crisis, said the U.S. central bank also must weigh the disadvantages of its policy actions in light of new tools meant to help the Fed raise rates.
Forex - The U.S. dollar climbed to fresh one-month highs against its Canadian counterpart on Thursday, after data showed that U.S. jobless claims held steady at a two-month high last week, but remained in territory consistent with a strengthening labor market.
USD/CAD hit 1.3339 during European afternoon trade, the pair's highest since October 1; the pair subsequently consolidated at 1.3338, gaining 0.54%.
Economy Indicators - New U.S. applications for unemployment benefits last week held steady at levels consistent with sustained labor market strength that could encourage the Federal Reserve to raise interest rates next month.
Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 276,000 for the week ended Nov. 7, the Labor Department said on Thursday. The prior week's claims were unrevised.
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Stock markets have been relatively quiet over the past few days. But there are a few key market movers you'll want to watch later on.
What is it? As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 9:30am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.
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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.
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What is it? As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 5:30am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the EUR to rise.
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Stocks: Wall Street opened slightly higher on Wednesday after data from China appeared to make the case for further stimulus measures from Beijing, even as investors brace for a possible U.S. interest rate hike in December.
The Dow Jones industrial average (DJI) was up 23.38 points, or 0.13 percent, at 17,781.59, the S&P 500 (SPX) was up 4.01 points, or 0.19 percent, at 2,085.73 and the Nasdaq Composite index (IXIC) was up 14.88 points, or 0.29 percent, at 5,098.13.
Forex: The U.S. dollar slipped lower against its Canadian counterpart on Wednesday, but still remained within close distance of a one-month peak as expectations for a December rate hike in the U.S. continued to support.
USD/CAD hit 1.3235 during early U.S. trade, the pair's lowest since November 6; the pair subsequently consolidated at 1.3238, shedding 0.27%.
The pair was likely to find support at 1.3152, the low of November 6 and resistance at 1.3316, the high of November 6 and a one-month high.
Commodities: Gold prices languished near three-month lows on Wednesday, while copper prices fell to the lowest level since July 2009, as the possibility of higher borrowing costs in the U.S. and slower global economic growth weighed on the metals.
Gold for December delivery on the Comex division of the New York Mercantile Exchange inched down $1.10, or 0.1%, to trade at $1,087.40 a troy ounce during U.S. morning hours. A day earlier, gold prices tacked on 40 cents, or 0.04%.
Stocks: Chinese e-commerce giant Alibaba Group Holdings Ltd (N:BABA) said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of $9.3 billion.
The company, which six years ago turned Nov. 11 into China's equivalent of U.S. shopping event Cyber Monday, could see this year's sales rise to as much as $13.8 billion, a growth of almost 50 percent from last year's total, according to research firm IDC.
Economic Indicators: Industrial production in China hit seven-month low in October while spending on infrastructure slowed, data on Wednesday showed.
The data added to signs that more stimulus may be needed to shore up growth in the world's second biggest economy.
Factory output grew at an annual rate of 5.6% in October, the weakest in seven months.
Fixed asset investment expanded 10.2% in the year to October, in line with expectations but the slowest pace since 2000.
But retail sales, a key gauge of consumer spending, held up well for the month, growing 11% from a year earlier.
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There's a positive mood in global markets Wednesday.
What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
When? At 7:30pm Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the AUD to rise.
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