Today, the focus will be on the German trade balance figures and the industrial production index; however, markets will standstill until the results of the bond auctions, where Germany and France are auction bonds today, and investors are expected to track the changes in the yields and the demand for these bonds, especially when the failure of any bond auction could trigger a credit rating downgrade.
In general through the sessions this week volatility will be our title, where the heavy load of fundamentals and auctions should trigger more fluctuations and turbulences to the market, where instability will be evident in the market and currencies, commodities and metals could reverse more than once during the single session.
Germanywill start this week at 07:00 GMT with the trade balance figures for November, with expectations the trade surplus could have expanded to 12.0 billion euros from the previous 11.6 billion euros surplus. In addition, the seasonally adjusted exports index is projected to expand by 0.8% from the previhttp://www.blogger.com/img/blank.gifous drop of 3.6%, while the seasonally adjusted imports previous index was -1.0%. Furthermore, the current account previous surplus was 10.3 billion euros.
At 11:00 GMTGermanywill provide the industrial production index for November, where the non-seasonally adjusted annual index is expected to expand by 3.6% from the previous expansion of 4.1%, while the seasonally adjusted monthly index could have fallen by 0.5% from the previous growth of 0.8%.
At 20:00 GMT theUnited Stateswill provide markets with the consumer credit figure for November, which could have narrowed to $7.000 billion from $7.645 billion. source http://www.fxempire.com
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