By TraderVox.com
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Tradervox.com (Dublin) – The greenback and the yen rallied last week as fears of fiscal cliff triggered demand for safety. This week, the worries about Europe and the fiscal cliff in US will sediment the risk-off mood in the market. Here is a brief overview of major events in the market.<\/p>\n
\n\tTuesday 13<\/p>\n
\n\tAt 0930hrs, the market will be focusing on the UK inflation data. The annual inflation gauge for UK in September rose by 2.2 percent according to the previous data. The market is expecting another rise to 2.3 percent this time round.<\/p>\n
\n\tOn the same day, the Euro zone German ZEW Economic Sentiment report will be released at 1000hrs GMT. Economic sentiment gauge in Germany improved in October but remain in the negative territory. With the ECB committed to buying government bonds, the economic sentiments in Germany are expected to increase to negative 10.1 in November.<\/p>\n
\n\tThe last major event on this day will be the US Federal Budget Balance report which will be release at 1900hrs GMT. The market is expecting a deficit of 126.2 billion.<\/p>\n
\n\tWednesday 14<\/p>\n
\n\tThe first report will be the UK Employment report at 0930hrs, which is expected to show a decline of 5,100 in the number of employed people in UK. This will be followed by the US Retail Sales report at 1330hrs. The market predicts a rise in core sales to 0.3 percent while the retail sales is expected to remain the same at 1.1 percent.<\/p>\n
\n\tThe US PPI and the US FOMC Meeting Minutes will be the other major events of the day. The US PPI is expected to increase marginally by 0.2 percent while the market wants to know the FOMC stand on asset purchases and interest rates.<\/p>\n
\n\tThursday 15<\/p>\n
\n\tThe US inflation data at 1330hrs will be the first major report. The market is predicting a rise of 0.1 percent this time round. He US Unemployment claims data will be released at the same time and it is expected to show a rise of 362,000.<\/p>\n
\n\tAt 1500hrs, the US Philly Fed Manufacturing Index will be released. The index rose to 5.1 percent in October from a minus 1.9 percent in September. The market is expecting a drop to 2.3 percent this time round.<\/p>\n
\n\tThe positive reports from the US will boost risk-on mood which may weaken the dollar. However, events from Europe and Japan may keep the dollar strong against major peers.<\/p>\n
\n\tDisclaimer<\/strong><\/span><\/u> Article provided by TraderVox.com<\/a><\/u><\/strong> By TraderVox.com Tradervox.com (Dublin) – The greenback and the yen rallied last week as fears of fiscal cliff triggered demand for safety. This week, the worries about Europe and the fiscal cliff in US will sediment the risk-off mood in the market. Here is a brief overview of major events in the market. Tuesday 13 … <\/p>\n
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