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The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2. It is based on a survey of 2000 individuals. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked.
Consumer Confidence shows how individuals see current economic conditions and give a preview into the economic activity of the Eurozone. If the level of indicator is strong, it indicates better economic conditions. As a result, the euro rises.
Follow the economic calendar and compare the actual figures with the consensus given.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
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Hong Kong’s HK 50 index rose and the Chinese yuan edged up as traders assess the outcome of the first virtual meeting between US President Joe Biden and Chinese leader Xi Jinping.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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