News of the day. Tuesday 08.12.2015

December 8, 2015

Out of macroeconomic publications that can affect dynamics in currencies today, attention needs to be paid to releases from the eurozone and the UK. Data on the GDP for the third quarter of the year is due at 12 pm (all times stated in GMT+2) in the eurozone. The index is expected to remain unchanged at 0.3% on a month-to-month basis, and at 1.6% against the previous year. NIESR GDP Estimate for the third quarter is due at 5 pm in the UK. The last figure came out at 0.6% and its growth could support the Pound. On Tuesday night, traders will be following the news from Australia and China. The Westpac Consumer Confidence is due at 1:30 am, while data on Home Loans for November is due at 2:30 am. The index is expected to decline from 2% to -1% and could pressure the Australian Dollar if comes out according to forecasts. The Consumer Price Index for November is due at 3:30 am in China. The index is predicted to grow from -0.3% to -0.1% against the previous month, and from 1.3% to 1.4% against the previous year. 

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