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Forex pairs in this Article » EUR/USD (Bali) - There will be some interest in Australia’s 00.30 GMT data releases, notes Sean Callow, FX Strategist at Westpac.

Key Quotes

"Housing finance approvals are seen rising a more muted 1.5% m/m in Oct after a 4.4% surge in Sep. Weakness in the first home buyers segment should continue to be outweighed by broad strength in upgraders and investors. Consensus is 1% m/m. There is no forecast for the Nov NAB business survey but last month the sharp drop in confidence (+11.6 to +5) knocked 25 pips off AUD/USD as the election bounce partly unwound. The more important index is probably business conditions, which remained weak at -4 in Oct."

"At 4:30pm Syd/1:30pm local we see China’s Nov industrial production, fixed asset investment and retail sales data. Most market-sensitive is IP, expected to ease slightly to 10.1% y/y from 10.3% in Oct. Fixed asset investment is seen up 20% y/y, retail sales 13.2% y/y, a touch slower but not a great survey. IP is a more reliable survey."
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