News of the day. Monday 23.11.2015

November 23, 2015

On Monday, there are no many important publications, which could significantly affect dynamics in currencies. Nevertheless, attention needs to be paid to publications in Germany, the eurozone and the US. Preliminary data on Markit Manufacturing and Services PMI’s for November is due in Germany at 10:30 am (all times stated in GMT +2). The indices are calculated based on surveys of purchasing managers from the leading companies in the country regarding the current state of the economy and its future prospects. The Manufacturing PMI is expected to remain unchanged at 52.1 points, while the Services PMI can fall slightly from 54.5 to 54.3 points. Preliminary data on the same indices for the eurozone is due at 11 am. According to forecasts, the Manufacturing PMI will remain unchanged at 52.3 points, while the Services PMI will fall from 54.1 to 54.0 points. A reading above the 50-points mark indicates a positive tendency in the industry. Preliminary November data on the Markit Manufacturing PMI in the US is due at 3:30 pm, which is a leading indicator for the federal index. The figure has been growing for the last two months and reached 54.1 points in October. On Monday night at 2:05 am, RBA Governor Glenn Stevens’s speech is due in Australia that is traditionally attracting investors’ attention. 

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