Here are some of the key economic data that will be the focus of the market throughout the week.
European Manufacturing & Service PMI Data (Tuesday 5.00 pm): Being a focus is reading in the economic sector in Germany especially as Europe's largest economy. Based on forecasts, reading figures for November are expected to decline as compared to the previous month but still at a stable level.
PMI Data Manufacturing & UK Services (Tuesday 5.30 pm): Although the England Central Bank still maintains a loose monetary policy of deleting compared to market expectations, the UK economic sector is expected to grow at a good rate.
USA Manufacturing & Services PMI data (Tuesday 10.45 pm): The US economy is still positive and gives confidence to investors after the policy of tightening by the Federal Reserve (Fed). The US current economic sector was also seen to have recorded increased growth towards the end of 2021.
New Zealand Central Bank Policy Meeting (Wednesday 9.00 am): The New Zealand Dollar Currency (NZD) is expected to record its value increase this week following expectations of interest rate hikes by Reserve Bank of New Zealand (RBNZ) at the latest policy meetings.
US Gross Domestic Product data (Wednesday 9.30 pm): Early reading for US economic growth for the third quarter will be assessed by investors this week with a slight increase in reading figures.
Minutes of FOMC meetings (Thursday 3.00 am): Investors will look into further details in the minutes of the FOMC meeting previously. After the Fed signaled for the tightening of the policy, additional indicators will be reviewed to support the US dollar movement.
