Major USD & EUR Impacting Events Coming Up This Week

Significant events to watch:

-US (USD): U.S Core Durable Goods Orders MoM

-US (USD): U.S Initial Jobless Claims

-EU (EUR): Germany Gross Domestic Product (GDP) QoQ

US (USD): U.S Core Durable Goods Orders MoM – Core Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives a better gauge of ordering trends. A higher reading indicates increased manufacturing activity.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

The previous reading was 0.5% better than the expected 0.2%. The next report is due on November 22, 13:30 GMT. Its forecast stands at 0.1%.

US (USD): U.S Initial Jobless Claims – Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

The previous reading came out to be 231K worse than the expected 220K. The next report is due on November 22, 13:30 GMT. Its forecast stands at 225K.

EU (EUR): Germany Gross Domestic Product (GDP) QoQ – Gross Domestic Product (GDP) is the broadest measure of economic activity and is a key indicator of economic health. The quarterly percent changes in GDP show the growth rate of the economy as a whole.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

The previous actual data was -0.1% – better than the expected -0.3%. The upcoming report is due on November 24, 07:00 GMT and its forecast figure is also -0.1%.

Risers and Fallers

-Dow Jones  (+2.01%)

-Apple Inc (+2.10%)

-Microsoft Corp (+0.45%)

-Crude oil (-1.91%)

Nasdaq 100 – The Dow Jones surged by 2.01% in value last week, closing at almost 34,949. Note that the index has appreciated almost 4.99% in the previous 6 months.

Apple Inc – Apple’s stock climbed by nearly 2.10% in the last 5 days. The stock has shown a notably positive performance this year, registering over 50% gains till date.

Microsoft Corp  – Microsoft’s stock demonstrated a lukewarm performance previous week, showing 0.45% gains last week. However, it has performed remarkably good this year, registering gains of almost 54% year-to-date.

Crude Oil (Brent) – Crude oil’s price depreciated by 1.91% during the previous week. Currently, the commodity is trading at $81.28 per barrel.

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