Next Week

December 20, 2013

Next week will be dominated by holidays – Christmas on Wednesday but also Xmas Eve on Tuesday, Boxing Day on Thursday, and the Japanese Emperor’s Birthday on Monday.  This is always one of the quietest times of the year in currency markets and not more so than when Christmas falls right in the middle of the week.

On the central bank watching front, there’s a meeting at the Bank of Israel, released minutes from the BOJ’s November Board meeting, the monthly BOJ economic assessment, and public remarks by Governor Kuroda.

Japan and the United States have the most data releases.

  • Japan’s data calendar lists corporate service prices, the manufacturing PMI, housing starts, construction orders, small business sentiment, unemployment, retail sales, consumer prices, household spending, auto output, and industrial production.
  • Scheduled U.S. statistics are personal income and spending, the Richmond Fed manufacturing index, the Chicago Fed National Activity Index, the FHFA home price index, new home sales, durable goods orders, the U. Michigan consumer sentiment index and various weekly figures such as jobless insurance claims and chain store sales.

The Conference Board releases Euroland’s index of leading economic indicators.  Ezone member releases will include

  • French producer prices and GDP
  • German import prices
  • Italian consumer sentiment
  • Dutch GDP and consumer confidence
  • Greek producer prices and trade balance
  • Finnish producer prices and consumer sentiment

The only British release will be mortgage applications from the British Bankers Association.  Swiss money growth and Swedish retail sales arrive. 

Some planned non-Japanese Asian releases will be industrial output for Thailand, Singapore, Taiwan, and South Korea; Singapore and Hong Kong consumer prices; Chinese corporate profits; business and consumer sentiment in South Korea; and Thai and Filipino trade figures.

Canadian monthly GDP and Mexico’s trade balance are scheduled.  So is Turkish consumer sentiment.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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