News of the day. Wednesday 25.11.2015

November 25, 2015

Out of macroeconomic statistics that can affect dynamics in currencies today, it is worth paying attention to publications from the UK, the US and New Zealand. The Autumn Forecast Statement is due at 2:30 pm (all times stated in GMT+2) in the UK. The report includes a review of current state of the economy and its future prospects, and preliminary budget forecast for the next year. October Durable Goods Orders data is due at 3:30 pm in the US. The index is expected to grow by 1.5% against a 1.2% contraction in the previous month. Durable Goods Orders excluding Transportation is forecasted to grow by 0.3%, against -0.4% in September. Also at 3:30 pm, Initial Jobless Claims data for October is out. The figure is expected to fall from 271 thousands to 270 thousands. At the same time, data on Personal Income and Personal Spending will come out. Both figures are expected to be positive. Income will increase by 0.4%, while spending will grow by 0.3%, which might strengthen the Dollar. On Wednesday night at 0:45 am trade balance data is due in New Zealand. Imports for October are expected to grow from 4.91 to 5.01 billion NZD, while Exports will rise from 3.69 to 4.02 billion and Trade Balance deficit will fall from 1.222 billion to 937 million NZD. Forecasts confirmation might provide short-term support to the NZD.

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