Investing.com - Financial Markets Worldwide

--- A week full of important data might present high volatility for a short while. --

ByNexum Capital Markets
Published 11/30/2008, 07:00 PM
Updated 12/31/2017, 04:40 AM
This week the economic calendar is full of important events. The first part of the week will bring relevant economic data for the Euro-Zone with some speeches about economic outlook, and the last part of the week will belong to the United States economic data.

The focus is on Thursday when the  European Central Bank will announce their rate decision, which is expected to come down another 0.5 base points, from 3.25% to 2.75%, and the Bank of England which is also expected to have a cut of 0.5 points, from 3% to 2.5%, it’s important to say that the Bank of England is being very aggressive on their actions; so we might see a cut of 1% this Thursday; these releases will give a sing to determine a short term direction of the euro and the pound. Also during this week, Bernanke an Paulson will appear several times to speak about economic outlook, economic markets, strategic economic and housing, so it´s important to be aware about any signs of further cuts on the FED rates.


We begin the week on Monday with two important speeches; first Bernanke speaks about economic outlook in Austin and later Paulson speaks about economy markets in Washington, also this day we will see the ISM manufacturing index in the United States. On Tuesday we´ll see the Euro-Zone Producer Price Index. Wednesday will bring the information about the retail sales in the Euro-Zone. On Thursday, the most important day of the week, the BOE and the ECB will announce their rate decisions, also we´ll have the Gross Domestic Product in the Euro-Zone. Finally on Friday we expect a bunch of data for United States; Change in non-farm payrolls, unemployment rate and change in manufacturing payrolls, all of these releases are expected bad, showing some signs of further deterioration on US economy.


We shoudln’t forget that we have seen the Dollar strengthening the last few weeks with bad economic data. This could continue over the next weeks and only a notable change in the sentiment may alter this momentum. Lets trade with precaution and patience the first half of the week; and for the last part of the week, starting on Thursday, we might expect high volatility and uncertainty, our advice is to stay out of the market these last two days.


[CENTER ALIGN=CENTER] Have a nice week and please remember to focus and be patient.[/CENTER ALIGN]


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These are our Daily Predictions. For any question or suggestion don’t doubt and contact me at info@nexumcapital.com

[CENTER ALIGN=CENTER]Important Releases[/CENTER ALIGN][CENTER ALIGN=CENTER]Day/Session[/CENTER ALIGN][CENTER ALIGN=CENTER]Europe[/CENTER ALIGN][CENTER ALIGN=CENTER]US[/CENTER ALIGN][CENTER ALIGN=CENTER]Asia[/CENTER ALIGN]

GER Retail Sales
ISM Manufacture Index
Bernanke Speak
Paulson Speak		[CENTER ALIGN=CENTER]Monday[/CENTER ALIGN][CENTER ALIGN=CENTER]DOWN[/CENTER ALIGN][CENTER ALIGN=CENTER]DOWN[/CENTER ALIGN][CENTER ALIGN=CENTER]STABLE[/CENTER ALIGN]
[CENTER ALIGN=CENTER]EUR PPI[/CENTER ALIGN][CENTER ALIGN=CENTER]Tuesday[/CENTER ALIGN][CENTER ALIGN=CENTER]STABLE[/CENTER ALIGN][CENTER ALIGN=CENTER]STABLE[/CENTER ALIGN][CENTER ALIGN=CENTER]STABLE[/CENTER ALIGN]

EUR Retail Sales		[CENTER ALIGN=CENTER]Wednesday[/CENTER ALIGN][CENTER ALIGN=CENTER]DOWN[/CENTER ALIGN][CENTER ALIGN=CENTER]UP[/CENTER ALIGN][CENTER ALIGN=CENTER]STABLE[/CENTER ALIGN]
[CENTER ALIGN=CENTER]GDP EUR[/CENTER ALIGN]
[CENTER ALIGN=CENTER]BOE Rate [/CENTER ALIGN]
[CENTER ALIGN=CENTER]ECB Rate[/CENTER ALIGN]		[CENTER ALIGN=CENTER]Thursday[/CENTER ALIGN][CENTER ALIGN=CENTER]?[/CENTER ALIGN][CENTER ALIGN=CENTER]STABLE[/CENTER ALIGN][CENTER ALIGN=CENTER]UP-DOWN[/CENTER ALIGN]

Nonfarm payrolls
Unemployment change		[CENTER ALIGN=CENTER]Friday[/CENTER ALIGN][CENTER ALIGN=CENTER]STABLE[/CENTER ALIGN][CENTER ALIGN=CENTER]UP[/CENTER ALIGN][CENTER ALIGN=CENTER]CLOSED[/CENTER ALIGN]

HIGH: 1.2890

LOW: 1.2492

CLOSE: NFI.

[CENTER ALIGN=CENTER] [/CENTER ALIGN]
[CENTER ALIGN=CENTER]E-mail us at: info@nexumcapital.com[/CENTER ALIGN]



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