28/11/2017

Major Events of the Week 27 November – 1 December

Time (GMT) Flag Currency Event Period Actual Forecast Previous

MONDAY, 27 NOVEMBER

3:00 PM USD New Home Sales m/m October 685K 627K 645K

TUESDAY, 28 NOVEMBER

7:00 AM GBP Bank Stress Test Results Nov-28 - -

2:00 PM USD Home Price Index m/m September 0.6% 0.7%

4:15 PM CAD BoC Governor Poloz Speech Nov-28 - -

WEDNESDAY, 29 NOVEMBER

1:00 PM EUR German Prelim CPI m/m November 1.8% 1.5%

1:30 PM USD GDP Annalized q/q Q3 3.2% 3.0%

THURSDAY, 30 NOVEMBER

10:00 AM EUR CPI Flash Estimate y/y November 1.6% 1.4%

1:30 PM USD Core PCE Price Index q/q Q3 1.3%

FRIDAY, 1 DECEMBER

9:30 AM GBP Manufacturing PMI November 56.5 56.3

1:30 PM CAD GDP m/m September -0.1%

3:00 PM USD ISM Manufacturing PMI November 58.5 58.7

EUR/USD: US New Home Sales

The European single currency remained relatively strong agains the

Greenback, despite much stronger-than-anticipated the US new home

sales figures. Following the report, EUR/USD depreciated 9 pips or 0.07%

to 1.1930 to remain above the 1.1900 level despite some bearish signals.

Sales of new single-family homes in the US marked solid increase to

reach a ten-year high due to robust demand throughout the country,

providing a boost to the property market. The Commerce Department

showed that new home sales rose 6.2% to a seasonally adjusted yearly

rate of 685K in October, the highest level in ten years. Moreover, upbeat

results indicated that housing kept gaining momentum after the lack of

available properties and suitable land restraned the growth.

Historical Data Table: US New Home Sales

Date 26.07.2017 23.08.2017 29.09.2017 25.10.2017 27.11.2017

Actual 610K 571K 560K 667K 685K

Forecast 599K 611K 585K 555K 627K

Initial Reaction on Main Pairs

Open Price Close Price % Change

AUD/USD 0.76142 0.76094 -0.06%

EUR/USD 1.19387 1.19301 -0.07%

USD/JPY 111.108 111.17 0.06%

NZD/USD 0.69124 0.69101 -0.03%

Disclaimer

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