Hattie Webster
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According to the latest report from the International Council of Shopping Centers (ICSC), sales actually contracted 0.9 percent in October from a year earlier, marking the first negative result since and the worst reading since April 2007. These forex jobless claims change is expected to rise by 40k, the highest for a single-month since 1992. Euro-zone GDP (3Q A), CPI (OCT) "Over the past year, the release of Euro-zone CPI drew forex trading software significant attention and sparked major volatility for the euro. British Pound, Euro, and US Dollar Could Break Forex Trading Ranges on 5 forex Events Because of all the current worries as a result from the global recession, indicators for economic growth has drawn quite a bit of attention lately. "As a result, forex signals the release of Euro-zone Q3 GDP and US retail sales along with speeches by Fed Chairman Bernanke and ECB President Trichet are sure to make the headlines and spur volatility in the forex markets this week." The results are broken down from November 11th to the 14th of November. US Advance Retail Sales (OCT) "The 8:30 ET release of Advance Retail Sales is expected to show that the index fell for the fourth month in a row in October, with consensus forecasts by News calling for a 2.0 percent decline. Even discount and wholesale clubs sales forex trading slo to a significantly weaker ozzy, suggesting that consumers are cutting back severely on spending across the board. UK Jobless Claims (OCT), Bank of England Quarterly Inflation Report Jobless claims in the Uk are predicted to rise for the 9th consecutive month sense October. As a result, when both Euro-zone Q3 GDP and Euro-zone forex broker CPI for the month of October hit the wires at 5:00 ET, the former may get a bit more attention." Why the GDP may get more attention is because it is forecasted to drop .2 percent from the previous quarter and because it would fit in the second consecutive period of scaling down this would fit the definition of recession. Looking at a breakdown of the report, apparel and department store sales both fell roughly 11 percent from a year earlier while the luxury component tumbled 19.2 percent. Keep in mind because of the given economic slowdown and continues market instability there is potential for the index to fall lower then the record low of -63.9 which was reached back in July of 1991. German ZEW Survey The German ZEW survey of economic sentiment, a gauge of investor confidence, is forecasting to hold steady the value of the ZEW at -63.0 for the month of November. Clearly, there's quite a bit of downside risk for this particular Advance Retail Sales release, with disappointing readings likely to lead the US dollar lower for at least a brief time, though if risk trends remain in play, flight-to-safety could actually lead the "safe haven" currency higher." Fed Chairman Bernanke, ECB President Trichet Speak at ECB Conference in Frankfurt After the US Retail Sales release, Forex traders should watch out for speeches given by Federal Reserve Official Ben Bernake and European Central Bank President Jean-Claude Triche, because their comments tend to move markets in currencies, mayer and equities. As a result this will cause the UK economic contraction extend for a lengthy amount of time. If the issue spoken become rhetoric the new could weigh heavily on olenka prevailing westerlies and low-yielding currencies like the US dollar and Japanese yen higher..
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