- Home
- >
- Fundamental Analysis
- >
- What to expect next week – 27.11-01.12.2017
What to expect next week - 27.11-01.12.2017
Rating:
Loading...What to expect next week - Next week can start quite strongly, especially for the euro and European stocks, if in Germany, the Social Democrats and the Christian Democrats come to an agreement on the formation of a government. If the weekend comes to that, then Monday we can expect a gauge upward, both in EUR and DAX30.
The fresh new high by th US indices suggest that the risk appetite will likely continue to increase in the next week. As European indices have reached support levels, coupled with the latest healthy adjustment, we can expect new stock market purchases across Europe.
Over the next five business days, traders will re-set their oil futures terminals as the OPEC meeting in Vienna, where most investors expect the cartel to extend the abstraction program by the end of 2018, will be held on Thursday. Surprises can be expected from Russia and Saudi Arabia, as the Russians are unwilling to give an increasing share of the US oil market, and Saudis need budget support that, against the backdrop of country conflicts and dwindling exports is experiencing serious difficulties.
During the week we are expecting a series of economic news, mainly from the euro area, which will give a detailed picture of the economic situation in the region. Expectations are highly positive, and given the improving political environment in Germany, we expect strong growth in European stocks.
USD will be driven by New Home Sales data on Monday, CB Consumer confidence on Tuesday and third-quarter US GDP. The weak dollar is ruled by fears of a possible downturn in the US tax reform, but better economic data may awaken the bulls and the US dollar might find support.
From the UK, we will focus on Tuesday's GDP data and Manufacturing PMI data on Friday. GBP is moving upwards and the formations on the charts suggest strong bullish sterling. This is likely to remain the next week, as data above expectations can give a new strong impulse. We will also remain focused for adjustments to position again with long on GBP.
On Friday, the attention of traders will also be focused on Changes in Employees and GDP data from Canada. Expectations for new job creation data are quite low: 10K versus 35.3K from the previous month. This will create expectation for values above the consensus, and we can look for a boost in CAD if these expectations are justified and we see data above the forecasts.
Here are the main economic news and events that will move markets next week:
Monday
10:15 Switzerland - Unemployment rates
17:00 USA - New Homes Sales
22:30 USA - COT Report
Tuesday
09:00 Germany - Consumer Confidence
11:30 UK - GDP Q3
15:30 US - Trade Balance
17:00 US - Consumer Confidence
Wednesday
01:50 Japan - Retail
09:45 France - Consumer spending
09:45 France - GDP
12:00 Eurozone - Business climate
15:00 Germany - Consumer Price Index
15:30 US - GDP
17:00 US - Sales of Homes
17:30 US - Crude oil inventories
23:45 New Zealand - Building permits
Thursday
01:50 Japan - Industrial production
02:00 Australia - New Homes Sales
02:00 Australia - Business Confidence
02:30 Australia - Building permits
03:00 China - PMI in manufacturing
08:45 Switzerland - GDP Q3
09:00 UK - Harmonized Price Index
09:00 Germany - Retail sales
10:00 Switzerland - KOF Leading Indicator
10:15 Switzerland - Retail Sales
11:00 Germany - Unemployment rate
12:00 Eurozone - Consumer Price Index - CPI
12:00 Eurozone - Unemployment rate
15:30 US - Jobless claims
15:30 Canada - Current Account
16:45 USA - Chicago PMI
Tentative - OPEC meeting in Vienna
Friday
00:30 Australia - AIG Production Index
01:30 Japan - Consumer Price Index
01:50 Japan - Capital costs
03:45 China - Manufacturing PMI
10:55 Germany - PMI Production
11:30 UK - Manufacturing PMI
15:30 Canada - Unemployment Rate
15:30 Canada - GDP Q3
16:45 USA - Manufacturing PMI
17:00 USA - ISM Manufacturing PMI
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
