It’s Thanksgiving in the US, so trading volume is expected to be low. On the eve of the holiday, we got some action – Swissy under 1, and finally a breakout from EUR/USD. German CPI and British CBI Realized Sales will stand out. Let’s see what’s up for Thanksgiving:
Australia’s Private Capital Expenditure is an important indicator for the Aussie. After a leap of 3.3% last month, it’s predicted to rise by 1.1% this time. For more on the Aussie, read the AUD/USD forecast.
In New Zealand, the NBNZ Business Confidence is predicted to rise from last month’s 48.2 points. On the other side of the day, Trade Balance is expected to show a higher deficit – of 469 million this time.
In Europe, the Euro seems to rise from the range. For more on this breakout, check out Casey Stubbs’ article.
German Prelim CPI will be published during the day, and is predicted to remain unchanged after rising by 0.1% last month. This will be published during the day.
Also in Europe, M3 Money Supply is predicted to rise by 0.7% (annualized), a very slow pace. Axel Weber, the head of the German Bundesbank and a potential heir of Jean-Claude Trichet, is expected to speak twice during the day. Fore more on the Euro, check out the EUR/USD forecast.
In Britain, a day after the confirmed recession in Q3, CBI Realized Sales are released. The figure is expected to continue rising, from 8 to 12 points.
In Japan, the strong Yen will receive many figures, which aren’t expected to be good: Household Spending is predicted to rise at a slower pace than last month – 0.6%.
Tokyo Core CPI, the most important inflation figure, is predicted to show deflation – an annual fall of 2%. Retail Sales are predicted to fall by 1.5% and the unemployment rate is predicted to rise by 5.4%. No good figures….
That’s it for today. Happy Thanksgiving and happy forex trading!Get the 5 most predictable currency pairs