Today, traders will be following news from Germany, New Zealand and Australia.
At 9:00 am (all times stated in GMT+2), October data on Imports, Exports and Trade Balance is due in Germany. Analysts expect Imports to fall from 3.6% to -0.9% and Exports to be down to 0.55% from 2.60%. At the same time, trade surplus is forecasted to increase from 19.4 to 20.0 billion euros.
RBNZ announces its interest rate decision at 10:00 pm. The Regulator is expected to cut interest rates from 2.75% to 2.5%. If the forecast is confirmed, the NZD is likely to decline as investors, in search for assets with higher interest rates, are selling less attractive assets. Later on, the Reserve Bank Governor gives a press conference regarding monetary policy.
On Thursday night, at 2:30 am labor market statistics for November are due in Australia. Unemployment Rate is expected to increase slightly from 5.9% to 6.0%. Moreover, data on Employment Change and Participation Rate is worth noting.