DXY: FX markets quiet as USD volatility hits yearly lows – ING US Dollar (USD) weakness is expected to continue into year-end, supported by seasonal flows and stable Treasury markets. Commodity currencies are performing well, while EUR/USD and USD/JPY target 1.18 and 152, respectively, amid subdued FX volatility, ING's FX analyst Chris Turner notes.
China lays out plans to boost consumption China’s Commerce Ministry stated during the European trading session on Friday that the government aims to revive the overall demand, laid out plans to propel the same.
GBP rally seen as short squeeze, not repricing of UK risk – ING The Pound Sterling (GBP) remains firm, though analysts view the move as a short squeeze rather than a fundamental reassessment of UK risk. While GBP/USD may rise into year-end, BoE easing should keep EUR/GBP supported around 0.88, ING's FX analyst Chris Turner notes.
Greece Gross Domestic Product s.a (YoY): 2% (3Q) vs 1.7%
Eurozone Gross Domestic Product s.a. (YoY) meets forecasts (1.4%) in 3Q
Eurozone Gross Domestic Product s.a. (QoQ) above expectations (0.2%) in 3Q: Actual (0.3%)
Italy Retail Sales n.s.a (YoY): 1.3% (October) vs 0.5%
Italy Retail Sales s.a. (MoM) above expectations (0.4%) in October: Actual (0.5%)
Switzerland Foreign Currency Reserves rose from previous 725B to 727B in November
Austria Wholesale Prices n.s.a (MoM): 0.9% (November) vs -0.3%
Austria Wholesale Prices n.s.a (YoY): 0.9% (November) vs 0.2%
Spain Industrial Output Cal Adjusted (YoY) down to 1.2% in October from previous 1.7%
Austria Trade Balance: €-230.8M (September) vs €-1895.6M
France Industrial Output (MoM) registered at 0.2% above expectations (-0.3%) in October
France Trade Balance EUR increased to €-3.92B in October from previous €-6.58B
France Current Account climbed from previous €-1.6B to €1.1B in October
France Imports, EUR down to €55.7B in October from previous €58.5B
France Exports, EUR dipped from previous €51.92B to €51.7B in October
France Trade Balance EUR increased to €-3.9B in October from previous €-6.58B
Germany Factory Orders n.s.a. (YoY) up to -0.7% in October from previous -4.3%
Germany Factory Orders n.s.a. (YoY) up to 1.5% in October from previous -4.3%
United Kingdom Halifax House Prices (MoM) below forecasts (0.4%) in November: Actual (0%)
Germany Factory Orders s.a. (MoM) registered at 1.5% above expectations (0.5%) in October
South Africa Net $Gold & Forex Reserve: $70.024B (November) vs $69.364B
South Africa Gross $Gold & Forex Reserve rose from previous $71.55B to $72.07B in November
Japan Leading Economic Index increased to 110 in October from previous 108.6
Japan Coincident Index rose from previous 114.6 to 115.4 in October