Fundamental Weekly Outlook

EU:
• Monday: France PMI Manufacturing (Previous 55.3, Expected 55.3), Germany PMI Manufacturing (Previous 51.1, Expected 51.1), Euro-zone PMI Manufacturing (Previous 50.7, Expected 50.7).
• Wednesday: France PMI Services (Previous 57.8, Expected 57.8), Germany PMI Services (Previous 50.9, Expected 50.9),  Euro-zone PMI Services (Previous 52.3, Expected 52.3). Euro-Zone PPI MoM (Previous 0.4%, Expected -0.4%) & YoY (Previous -7.5%, Expected -7.7%).
• Thursday: Euro-Zone Retail Sales MoM  (Previous -0.2%, Expected 0.2%)
& YoY (Previous -2.6%, Expected -2.4%). ECB Rate Decision (Previous 1.00%, Expected 1.00%) & then Trichet Speaks at ECB Monthly News Conference.
• Friday: France Trade Balance (Previous -3.4 B, Expected -3.0 B). Germany Factory Orders MoM (Previous 1.4%, Expected 1.0%) & YoY (Previous -20.4%, Expected -13.6%).

US:
• Monday: ISM Manufacturing (Previous 52.6, Expected 53.0).
• Tuesday: Factory Orders (Previous -0.8%, Expected 1.0%).
• Wednesday: FED/FOMC Rate Decision (Previous 0.25%, Expected 0.25%).
(Previous 0.25%, Expected 0.25%).
• Thursday: Initial Jobless Claims (Previous 530K, Expected 520K).
• Friday: Unemployment Rate (Previous 9.8%, Expected 9.9%), Change in Nonfarm Payrolls (Previous -263K, Expected -175K). Wholesale Inventories (Previous -1.3%, Expected -1.0%).

JP:
• Monday: Labor Cash Earnings YoY (Previous -3.1%, Expected -2.1%)
• Thursday: BOJ Board Meeting Minutes (text report).
• Friday: Leading Index CI (Previous 83.2, Expected 86.2), Coincident Index CI (Previous 91.2, Expected 92.5).

UK:
• Monday: PMI Manufacturing (Previous 49.5, Expected 50.0).
• Wednesday: Nationwide Consumer Confidence (Previous 71.0, Expected 73.0), PMI Services (Previous 55.3, Expected 55.5).
•Thursday: Industrial Production MoM (Previous -2.5%, Expected 1.2%) & YoY (Previous -11.2%, Expected -10.3%). BoE Rate Decision (Previous 0.50%, Expected 0.50%).
• Friday: PPI Input MoM (Previous -0.5%, Expected 1.5%) & YoY (Previous -6.5%, Expected -1.3%). PPI Output MoM (Previous 0.5%, Expected 0.3%) & YoY (Previous 0.4%, Expected 1.9%), PPI Core MoM (Previous 0.5%, Expected 0.2%) & YoY (Previous 1.4%, Expected 2.0%).

AU:
• Monday:  House Price Index QoQ (Previous 4.2%, Expected 3.0%) &YoY House Price Index (Previous -1.4%, Expected 4.3%).
• Tuesday: RBA Decision about the interest rate on the Australian Dollar (Previous 3.25%%, Expected 3.50%).
• Wednesday: Retail Sales (Previous 0.9%, Expected 0.5%).
• Thursday: Trade Balance (Previous -1524 M, Expected -2150 M).

CA:
• Thursday: Building Permits MoM (Previous 7.2%, Expected N/A). Ivey PMI (Previous 61.7%, Expected 58.0).
• Friday: Unemployment Rate (Previous 8.4%, Expected 8.4%). Net Change in Employment (Previous 30.6K, Expected 10.0K).

Forex trading analysis by Forexpros – Written by Munther Marji

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