Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:00 Japan BOJ Governor Haruhiko Kuroda Speaks
02:00 China Leading Index October +0.9% +0.9%
02:00 New Zealand RBNZ Inflation Expectations q/q Quarter IV +2.2% +2.1%
04:45 Japan BOJ Governor Haruhiko Kuroda Speaks
07:00 Germany GDP (QoQ) (Finally) Quarter III +0.1% +0.1% +0.1%
07:00 Germany GDP (YoY) (Finally) Quarter III +1.4% +1.2% +1.2%
09:05 Australia RBA Assist Gov Lowe Speaks
09:30 United Kingdom BBA Mortgage Approvals October 39.1 Revised From 39.3 38.5 37.1
The U.S. dollar mixed against the most major currencies ahead of the U.S. revised gross domestic product (GDP) and consumer confidence. The U.S. revised GDP is expected to rise 3.3% in third quarter.
The U.S. consumer confidence is expected to climbs to 95.9 in November from 94.5 from October.
The euro traded mixed against the U.S. dollar after the German GDP. Germany's final GDP grew 0.1% in third quarter, in line with expectations.
The Organization for Economic Cooperation and Development (OECD) released its economic outlook report on Tuesday. OECD said that the slowdown in Europe is dragging down the global economy. OECD also said that the European Central Bank should implement quantitative easing measures.
The British pound traded lower against the U.S. dollar after the weaker-than-expected number of mortgage approvals from the U.K. The number of mortgage approvals decreased to 37,076 in October from 39,127 in September, missing expectations for a decline to 38,500. That was the lowest level since May 2013. September's figure was revised down from 39,300.
The Canadian dollar traded higher against the U.S. dollar ahead of the Canadian retail sales. Canadian retail sales are expected to increase 0.6% in September, after 0.3% decline in August.
Canadian retail sales excluding automobiles are expected to rise 0.4% in September, after 0.3% drop in August.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair fell to $1.5647
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
13:30 Canada Retail Sales, m/m October -0.3% +0.6%
13:30 Canada Retail Sales ex Autos, m/m October -0.3% +0.4%
13:30 U.S. PCE price index, q/q Quarter III +1.2%
13:30 U.S. PCE price index ex food, energy, q/q Quarter III +1.3%
13:30 U.S. GDP, q/q (Revised) Quarter III +3.5% +3.3%
14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y September +5.6% +4.7%
15:00 U.S. Consumer confidence November 94.5 95.9