1. Forex Outlook For December 2012: Macroeconomic Highlights
  2. Forex Outlook For December 2012: Upcoming Events To Watch

December 3 - Germany will release its PMI Manufacturing Index, providing traders with insight into the country's manufacturing sector. In October, the index fell for its eighth straight month to 46.0 amid shrinking demand in Europe and lower investment levels in Asia. December 5 - Germany and the European Monetary Union will both release their PMI Services Index, providing insight into the region's services sector. In October, Germany's index fell to 48.4, while the EMU's reading fell to 45.7, both signaling ongoing economic contraction.

Britain will release its CIPS/PMI Services Index after last month's reading showed the slowest growth in almost two years. Traders are concerned that the country's fragile recovery may be at risk of faltering, particularly if this month's readings come in lower.

December 9 - Japan will release its latest GDP figures in a move that will be closely watched, given the steep 3.5% contraction during the third quarter. The yen fell sharply as the drop was the greatest fall since the 2011 earthquake that sent its economy reeling.

December 10 - Italy will release its latest GDP figures, which many economists expect it will shrink due to unemployment gains. At least one economist expects a contraction of more than 1% in 2013, compared to a consensus of a drop around 0.6 to 0.7%.

December 12 - The U.S. FOMC will meet in a move that's always closely watched by the markets. Last month, the minutes from the meeting signaled that easing efforts were having a favorable impact on the U.S. economic recovery.

The European Monetary Union will also release its aggregate industrial production figures, providing insight into the region's manufacturing economy. Earlier this year, industrial production fell sharply by 2.9% in August and 2.3% in September.

December 13 - Japan will release its Tankan indicator, which surveys thousands of Japanese companies about current and expected economic trends. In mid-November, the Tankan report showed its fourth consecutive month lower with a reading of -19.

Italy will also release its consumer price index, providing insight into the country's inflationary trends. Preliminary readings in October came in relatively flat, which was a bit lower than many economists were expecting.

December 18 - Britain will disclose its consumer and producer price indexes, providing insight into the country's inflation rates. Since it decided to shelve its quantitative easing, the British economy has seen inflation grow at half its expected rate as expansion slows.

Japan will also release its Merchandise Trade report, shedding light on the country's export sector. In September, the value of the country's exports fell more than 10% year over year, which was far worse than August, but in line with analyst expectations.

December 19 - Britain will release its Labour Market Report, providing insight into the employment situation in the country. In mid-November, the country reported jobless claims that rose at its fastest pace in more than a year, driven by the poor economic outlook.

December 20 - Britain will release its retail sales data, which is widely seen as a useful metric for gauging consumer confidence. In October, retail sales fell greater than originally forecasted, led by a drop in demand for food and clothing, according to the Office for National Statistics.

December 21 - Britain will release its GDP figures, providing insight into its overall economic growth. In early November, the European Commission cut the country's GDP forecast to 0.9% in 2013 after falling 0.3% this year, after what they called a "bleak" 2012.

December 25 - Japan will release its MPB minutes, shedding light on its business confidence levels and expectations. After the country's government cuts its economic outlook for a fourth straight month in November, traders remain very pessimistic about the future.

December 27 - Japan will release its industrial production figures, providing insight into the country's manufacturing sector. Again, in September, the value of the country's exports fell more than 10% year over year, which was far worse than August, but in line with analyst expectations.


Related Articles
  1. Markets

    Global Service Sector Slows, Contracts in the U.S.

    Markit and its partners released February service-sector purchasing manager indices (PMIs) for 12 countries and the global economy Thursday, which show that service sector growth in five countries ...
  2. Personal Finance

    Personal Spending Flat in December as Savings Rose

    According to a data released by the Bureau of Economic Analysis on Monday, consumer spending flattened out in December compared to growth of 0.5% in November.
  3. ETFs & Mutual Funds

    Introduction To Coincident And Lagging Economic Indicators

    Investors can learn a lot, or very little, from these indicators once they know how to use them.
  4. Markets

    Manufacturing Is Suffering, Consumers Don't Care

    The recent divergence between consumer sentiment and the manufacturing sector's health has continued, with a flurry of data releases Thursday highlighting this rift in the American economy.
  5. Trading

    5 Reports That Affect The British Pound

    The pound is one of the world's most popular traded currencies, and is heavily impacted by these factors.
  6. Trading

    5 Reports That Affect The U.S. Dollar

    These five reports provide short- and long-term insight into the valuation of the U.S. dollar.
  7. Managing Wealth

    Economic Indicators That Do-It-Yourself Investors Should Know

    Understanding these investing tools will put the market in your hands.
  8. Markets

    Michael Bloomberg's Take on Brexit

    Learn the history and implications of Brexit, and see why Michael Bloomberg thinks Britain's withdrawal from the EU would be disastrous.
  9. Markets

    3 Reasons Germany Would Be Better Off Without the Euro

    Explore the arguments in favor or against the idea that Germany would be better off leaving the European Union and abandoning the euro.
  10. Markets

    China Stock Market Slides on Weak Manufacturing

    China’s stock market – measured by the Shanghai Composite Index – fell by 2.25% on weaker-than-expected manufacturing data and continues its worst monthly rout since 2008.
Trading Center