19, November 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The current week is preparing a lot of news for us. There will be published quite a lot of the USA data delayed data due to government shutdown. Fed Chairman Bernanke is due to speak at the National Economists Club November 20, 00.00 GMT. On Tuesday Employment Cost Index is to be published, on Wednesday consumer Retail Sales, Price Index, Existing Home Sales and FOMC Meeting Minutes and on Friday we will see Job Openings.

For the Eurozone this week main event is German ZEW Economic Sentiment that will be published today and IFO index on Friday in Germany, as well as leaving. There also shall be preliminary Manufacturing and Non-Manufacturing PMI of France, Germany and the whole euro-zone.

We expect growth for ZEW and IFO indexes
There will be a release of Producer Price Index in Germany on Tuesday. On Friday the final GDP data for the third quarter are coming out.

There will be a BoE Meeting Minutes release in the UK on Wednesday. On Thursday we are waiting for Public Sector Net Borrowing and CBI Industrial Order Expectations.