Main events of the week

Week’s main events
Time	Region	Indicator	Period	Survey	Actual	Prior				Comments
Tuesday Nov. 25th
15:30	US	GDP	Q3 2nd  estimate	+3.3% qoq SAAR			+3.5% qoq SAAR 1st estimate		The 2nd estimate of the Q3 GDP is expected to show that the US economy expanded at a slower pace than initially estimated, which could take-off some of the USD strength
15:30	US	Core PCE deflator	Q3 2nd  estimate	+1.4% qoq SAAR			+1.4% qoq SAAR 1st estimate
Wednesday Nov. 26th
11:30	UK	GDP	Q3 2nd estimate	+0.7% qoq			+0.7% qoq		Following the disappointing inflation report and the downgrades a strong reading is needed for GBP to strengthen.]
15:30	US	Durable goods orders	Oct.	-0.6% mom			-1.1% mom		The market could pay more attention to durable goods excluding transportation, which are expected to rebound. This could be USD-supportive
15:30	US	Durable goods excluding transportation	Oct.	+0.4% mom			-0.1% mom
Thursday Nov. 27th
15:00	Germany	CPI EU harmonized	Nov. (P)	+0.5% yoy			+0.7% yoy			As usual the drama will start several hours earlier when the CPI for Saxony is released, which could give as an early clue about the headline figure and the direction of the euro
Friday Nov. 28th
12:00	Eurozone	CPI estimate	Oct.	+0.3% yoy				+0.4% yoy		With less than a week before the ECB meeting, the ease in the CPI rate is expected to confirm the ECB President Draghi’s concerns that a stronger recovery is unlikely in the coming months