IronFX Main Points for Today: Today we have the preliminary manufacturing and service-sector PMI’s for China, France, Germany and Eurozone as a whole for November. China got the ball rolling overnight with the figure falling to 50.4, missing estimates of 50.8. The manufacturing PMIs for Europe are estimated to improve and to be over 50, except France’s number which is estimated edge higher but remain below 50. Eurozone consumer confidence advance figure for November is expected to rise, but to remain below zero (-14.0 est. vs -14.5 prv.). Later in the day, we have the US weekly jobless claims for Nov 16. The figure is estimated to be down to 335K from 339K the previous week. We also get the producer prices for October. The headline figure is expected to have fallen by 0.2%, at a faster pace than the decline of 0.1% in September, while the excluding-food-and-energy rate is forecast to come out at 0.1%, same as in the previous month. The Philadelphia Fed survey is forecast to fall to 15.0 in November from 19.8 in October. As for the speakers: ECB president Mario Draghi speaks on “Strategies for more growth”. Chancellor Angela Merkel delivers the opening speech. ECB’s Weidmann speaks at a conference in Berlin. Feds Powell, Lacker and Bullard will also speak. Join us for more Forex related news! solidtradingempire
Posted on: Thu, 21 Nov 2013 08:28:57 +0000
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