The most important publication of Friday is going to be the data on the US labour market. Prior to that, however, data on Industrial Production for September is due in Germany at 9 am (all times stated in GMT +2). On a month-to-month basis, the index is expected to grow from -1.2% to 0.5%. On a year-to-year basis, the index will probably rise as well, just not as strong as in September when it came out at 2.3%. September Industrial Production data is due at 11:30 am in the UK. According to forecasts, the index will fall against the previous month and the year, from 1.0% to -0.1% and from 1.9% to 1.3% respectively, which could pressure the Pound. October labour market data from the US is due at 3:30 pm, of which the most important are going to be the Unemployment Rate and Nonfarm Payrolls. The unemployment Rate is expected to remain unchanged at 5.1%, while the number of new jobs will come out at 180 thousands that is significantly higher than the previous figure. The leading indicators, however, give contradicting information. On one hand, the ADP Employment Change fell against its September data. On the other hand, Challenger Job Cuts, as well as averaged Initial and Continuing Jobless Claims also fell against their September data. Generally, forecasts confirmation is more than possible and can significantly support the US Dollar. Also at 3:30 pm, the labour market data is due from Canada. According to forecasts, the Unemployment Rate that has been gradually growing since October last year will remain unchanged at 7.1% in October. The Net Change in Employment, however, can fall from 12.1 to 9.7 thousands that would pressure the CAD.

News of the day. Friday 06.11.2015

News of the day. Friday 06.11.2015

 




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