Incoming schedule for today

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There are some economic data releases coming up regarding New Zealand, China and Japan over the rest of today. The big news we await is, of course, the Eurogroup meeting in Brussels – they are earning their paychecks, its after 1.30am there and the meeting is still going. Maybe its turned into a party?

At 0200GMT we get Credit Card statistics out of New Zealand – the item of interest is the total billings on credit cards in NZ for October.

  • Prior (for Sept.) was +1.5% (S.A., YoY)

Also at 0200GMT the Conference Board release their Leading Economic Indicator for China, for October.

  • Prior (for September) was a 0.3% increase (Index read 241.2).

Later, at 0500GMT, the BOJ release a summary of their Monthly Report of Recent Economic and Financial Developments. Expect this to be pretty downbeat, as has been well telegraphed.

  • Hardcore insomniacs will have to wait 26 1/2 hours for the release of the full text of this monthly report (i.e. 0730GMT on Nov. 22nd).

 

 

 

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

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