Looking ahead: next week in the forex markets

While the current forex trading week certainly isn’t over just yet, it’s worth looking ahead to next week to see what might be on the cards.

Sunday will be a relatively active day as weekend days go, with Chinese import and export data due to be released at 7am GMT covering the month of November.

Later in the day, New Zealand’s manufacturing sales information for Q3 of 2019 will be out.

This is expected to show a shift from -2.7% to -0.8%.

Japanese current account data for October will be out at 11:50pm GMT.

A range of other Japanese releases will be made available then as well, including bank lending figures and – crucially – gross domestic product information for Q3 of 2019.

This is forecast by analysts to show no quarter on quarter change from its previous position of 0.1%.

Looking ahead to Monday morning, the Swiss unemployment rate for November is expected out at 6:45am GMT.

This is expected to show no month on month change from its previous position of 2.3%.

Europe-wide investor confidence figures for December from Sentix will be released at 9:30am GMT.

These are expected to show a change from -4.5 to -1.6.

Canadian building permits data for October will be out at 1:30pm GMT.

Month on month, this is expected to show a change from -6.5% to -2%.

A speech from Governor of the Reserve Bank of Australia Philip Lowe is expected at 10:05pm GMT.

On Tuesday, Australia will remain in the spotlight as the day gets underway thanks to a house price index covering Q3 of 2019.

This is expected to show a quarter on quarter change from -0.7% to +0.2%.

A mid-year economic and fiscal outlook report from Australia is due to be released at 12:30am GMT too.

The Chinese consumer price index for November will be out at 1:30am GMT covering November.

Year on year, this is predicted to show a shift from 3.8% to 3.4%.

French industrial output data for October is expected at 7:45am GMT.

This is set to show no month on month change from its previous position of 0.3%.

British manufacturing production figures for October will be out at 9:30am GMT.

These are expected to show a slight year on year change from -1.4% to -1.2%.

British industrial production figures for October will be out then as well and are forecast to show a change from -0.4% to -0.2%.

German economic sentiment figures for December will be out at 10am GMT.

These are set to go from -2.1 to -13.

US unit labour costs for Q3 of 2019 are due out at 1:30pm GMT.

These are set to go from 3.6% to 2.5%.

In Australia, Westpac will release its consumer confidence figures for December at 11:30pm GMT.

These were last recorded at 4.5%.

On Wednesday, the major event will be the US Federal Reserve’s interest rate decision, which is expected at 7pm GMT.

The rate currently sits at 1.75%.