News of the day. Thursday 03.12.2015

December 3, 2015

Today traders will be paying attention to publications from the US and the eurozone. The Markit Services PMI for November is due at 11 am (all times stated in GMT+2) in the eurozone. The index is expected to remain unchanged at 54.6 points. The ECB Interest Rate Decision is due at 2:45 pm. Markets do not expect any change in the rate that currently stands at 0.05%. The ECB Monetary Policy Statement and Press Conference is due at 3:30 pm, where the factors influenced the decision are going to be discussed by the President of the regulator, who will also give his commentaries on the current state of the European economy. High volatility is expected during the news. At 4:45 pm, data on Factory Orders will come out in the US. According to forecasts, the index will grow from -1.0% to 1.3% that might support the US Dollar. November data on the ISM Non-Manufacturing PMI is due at 5 pm. The index is expected to fall slightly from 59.1 points in October to 58 points. However, a reading above the 50-point mark represents a growth of the sector. Fed’s Stanley Fischer will give his speech in Washington at 7 pm, as he presents the report on the Financial Stability and Shadow Banks. His commentaries might affect the dynamics in the USD. On Thursday night at 2:30 am, data on Retail Sales for November will come out in Australia. The index is expected to increase from 0.4% to 0.5%. 

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