Paresh Davdra's blog
The United States sees data in the form of GDP where a lower figure is expected, in fairness given the recent debt problems it wouldn’t be a total surprise to see them come in lower.
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In the euro zone we have German retail sales looking to be released to the up side, this is going along to show that despite all the problems within the euro zone over the last few weeks the German economy still remain the strongest in Europe....
In the euro zone, both consumer and Industrial confidence are anticipated lower than the previous month. (CC -9,8 to -11,4) (IC 3,2 to 2).
In spite of the agreement between European authorities, Euro is still weak and bad figures could affect...
This morning, Germany publishes the unemployment rate, which is expected to be flat compared to the previous month. At the same time, the unemployment change is estimated at 16K, which is better than previous.
In the US the Jobless claims data...
Across the Atlantic, the US Mortgage Bankers Association will reveal the MBA Mortgage Application of the US Housing Market. As it stimulates the overall US economy, a growth would directly have a positive consequence on the US dollar.
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UK CBI Industrial Trends Survey will be released by the Confederation of British Industry. If the rate comes lower as estimated, it will have a negative effect on the GBP since it takes into account the coming investment intentions and the business...
The analysts predict an increase of the German CPI on a monthly basis of 0.4%. According to them, the improvement would be driven by the rebound of the oil price. The YoY annual rate will probably reach the 2.5%.
At the same time, the...
In the US the FED Manufacturing figures and New Home sales are expected to come in better than previous, however consumer confidence is expected to decrease. None of these are expected to be dramatic movements and it is likely that no major...
The UK saw a Q on Q better than expected GDP figure showing growth from Quarter 1. This has helped the Pound rally somewhat since this morning... Overall we are still seeing a sluggish UK recovery and QE is still on the table!So this could be...
The main piece of data released today is the UK GDP QoQ and YoY which are expected in at around half of last quarter’s and last year’s figures.
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