Let’s see which news releases could move the currency markets on Thursday, the 23rd of November. This is the Economic Calendar.
US banks, along with pretty much everything else, will be closed for Thanksgiving, but the rest of the world remains quite busy.
The final reading of German third quarter GDP is up first at 7 AM. The initial estimate puts the quarterly growth at point 8%, which is the strongest gain in more than 3 years.
Preliminary November PMIs from several Euro Zone countries follow next, starting with the French release at 8. German indices comes half an hour later, and data for the entire currency bloc will be available at 9. The manufacturing PMI went up in October, bolstered by strong German data, but the services PMI inched lower.
The closely watched second reading of UK third quarter GDP will be available at 9:30. The preliminary reading suggests the economy is growing at a slightly faster pace than the point 3% gain during the first two quarters.
European Central Bank will release the minutes of its October meeting at half past noon GMT, and this particular release is of higher importance than usual as the ECB announced a gradual tapering of its QE program during the meeting.
Canadian Retail Sales for September follow at 1:30. Sales slipped in August as declines were recorded across most subsectors; in particular, grocery store sales saw a strong drop.
Swiss National Bank Chairman Thomas Jordan will be giving a closely watched speech at 4:30, discussing the Swiss current account surplus and how it’s related to the SNB monetary policy.
New Zealand Trade Balance for October is out at 9:45. Trade deficit narrowed in September as exports outpaced the imports.
And Japanese Preliminary Manufacturing PMI for November concludes the schedule at half past midnight. The Index inched slightly lower in October from the 5-month high reached the previous month.
This was the Economic Calendar for Thursday. I’m ____ and we’ll be back with the next overview of news releases for Friday. See you then.

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