November 27, 2023

Weekly Economic Calendar

Foreign Exchange

November 26 - December 1, 2023 Economic report and policy meetings

 

November 26

China:  Consumer Confidence – November  

 

November 27

The Census Bureau reports new-home sales data.  Sales of newly constructed single-family homes are expected to decline to a seasonally adjusted annual rate of 700,000 in October, from 759,000 in September.

 

November 28

Australia:  Monthly CPI Indicator – October   

New Zealand:  Reserve Bank of New Zealand (RNBZ) Press Conference  

South Korea:  Business Confidence – November

Thailand:  Interest Rate Decision

U.K.:  Bank of England Haskel Speech

 U.S.:  House Price Index (MoM) – September, Conference Board Consumer Confidence – November

 

S&P CoreLogic releases its Case-Shiller National Home Price Index for September.  Consensus calls for a 4.2% year-over-year jump, compared with a 2.2% rise in August.

 

November 29

Australia:  Building Permits (MoM) Preliminary – October, Housing Credit (MoM) – October      

China:  NBS Manufacturing Purchasing Managers Index (PMI) – November, NBS Non Manufacturing PMI - November

Euro-Zone:  ECB Non-Monetary Policy Meeting, Spain: Inflation Rate (MoM) Preliminary – November, Inflation Rate (YoY) Preliminary – November, Italy: Business Confidence – November, Consumer Confidence Final – November, Economic Sentiment – November, Industrial Sentiment – November, Germany: 10-Year Bund Auction, Spain: Business Confidence – November, Germany: Inflation Rate (YoY) Preliminary – November, Inflation Rate (MoM) Preliminary – November, Germany: Retail Sales (YoY) – October, France: Inflation Rate (YoY) Preliminary – November, Inflation Rate (MoM) Preliminary – November

Japan:  Foreign Bond Investment – November 25th, Industrial Production (YoY) Preliminary – October, Retail Sales (YoY) – October, Bank of Japan Nakamura Speech, Consumer Confidence – November, Housing Starts (YoY) - October  

Netherlands:  Inflation Rate (YoY) - November

New Zealand:  Building Permits (MoM) – October, ANZ Business Confidence - November

South Korea:  Interest Rate Decision

Russia:  Unemployment Rate – October   

Switzerland:  Retail Sales (YoY) – October  

U.K.:  Mortgage Approvals – October, Mortgage Lending – October, Nationwide Housing Prices (YoY) - November

U.S.:  Fed Beige Book, GDP Growth Rate (QoQ) 2nd Estimate – 3rd Qtr., Corporate Profits (QoQ) Preliminary – 3rd Qtr., GDP Price Index (QoQ) 2nd Estimate – 3rd Qtr., Goods Trade Balance Advance – October, Retail Inventories Excluding Autos (MoM) Advance – October, MBA 30-Year Mortgage Rate (November 24),  MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (November 24), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (November 24), Department of Energy (DOE) U.S. Crude Oil Inventories (November 24), DOE Cushing OK Crude Inventory (November 24), DOE U.S. Gasoline Inventories (November 24), DOE U.S. Distillate Inventory (November 24), DOE U.S. Refinery Utilization (November 24), DOE Crude Oil Implied Demand (November 24), Gasoline Implied Demand (November 24), Distillate Implied Demand (November 24), API Crude Oil Stock Change (November 24), EIA Natural Gas Stocks Change – November 24

 

November 30

Australia:  Judo Bank Manufacturing Purchasing Managers Index (PMI) Final – November

Brazil:  Unemployment Rate – October

Canada:  GDP Growth Rate Annualized – 3rd Qtr., GDP Growth Rate (QoQ) – 3rd Qtr., Average Weekly Earnings (YoY) – September, GDP (MoM) – September, GDP (MoM) Preliminary - October

Euro-Zone:  Core Inflation Rate (YoY) Flash – November, Inflation Rate (MoM) Flash – November, Inflation Rate (YoY) Flash – November, Unemployment Rate – October, Italy: Inflation Rate (YoY) Preliminary – November, Inflation Rate (MoM) Preliminary – November, ECB General Council Meeting, Germany: Unemployment Change – November, Unemployment Rate – November, Unemployed Persons – November, Italy: Unemployment Rate, France: Industrial Production (MoM) – October

India:  GDP Growth Rate (YoY) – 3rd Qtr., S&P Global Manufacturing Purchasing Managers Index (PMI) - November

Indonesia:  Inflation Rate (YoY) – November

Japan:  Capital Spending (YoY) – 3rd Qtr.

Mexico:  Unemployment Rate – October

Poland:  Inflation Rate (MoM) Preliminary – November, Inflation Rate (YoY) – Preliminary - November  

Russia:  S&P Global Manufacturing Purchasing Managers Index (PMI) – November

South Africa:  Balance of Trade – October

South Korea:  Exports (YoY) – November, S7P Global Manufacturing Purchasing Managers Index (PMI) – November

Switzerland:  KOF Leading Indicators - November  

U.S.:  Core Personal Consumption Expenditures (PCE) Price Index (YoY) – October, PCE Price Index (YoY) – October, PCE Price Index (MoM) – October, Personal Income (MoM) – October, Personal Spending (MoM) – October, Pending Home Sales (MoM) – October, Core PCE Price Index (MoM) – October, Continuing Jobless Claims – November 18, Initial Jobless Claims – November 25

 

The Bureau of Labor Statistics releases the core personal-consumption expenditures price index for October.  This gauge excludes volatile food and energy prices and is the Federal Reserve’s preferred inflation measure.  The index is forecast to rise 3.5% year over year, a decline of from September’s 3.7% rise.

 

December 1

Brazil:  Industrial Production (MoM) – October, Balance of Trade – November

Canada:  Employment Change – November, Unemployment Rate – November, Average Hourly Wages (YoY) – November, Full Time Employment Change – November, S&P Global Manufacturing Purchasing Managers Index (PMI) - November

Euro-Zone:  HCOB Manufacturing Purchasing Managers Index (PMI) – November, Italy: GDP Growth Rate (YoY) – Final – 3rd Qtr., GDP Growth Rate (QoQ) Final – 3rd Qtr., Spain: HCOB Manufacturing Purchasing Managers Index (PMI) – November, Italy: HCOB Manufacturing PMI – November, France: HCOB Manufacturing PMI Final – November, Germany: HCOB Manufacturing PMI Final – November

Mexico:  Business Confidence - November

Switzerland:  GDP Growth Rate (YoY) – 3rd Qtr., GDP Growth Rate (QoQ) – 3rd Qtr., procure.ch Manufacturing Purchasing Managers Index (PMI) - November

U.K.:  S&P Global/CIPS Manufacturing Purchasing Managers Index (PMI) Final – November  

U.S:  institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) – November, Construction Spending (MoM) – October, S&P Global Manufacturing Purchasing Managers Index (PMI) – November, Baker Hughes U.S. Rig Count – December 1

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.

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