US New home sales will be released at 10 AM ET

<p><br></p><p>The US new-home sales for the month of October will be released at 10 AM ET with expectations of an annualized rate of 0.723M vs&nbsp;0.759M&nbsp;last month.&nbsp;&nbsp;Recall that existing home sales last week came in at 3.79M&nbsp;which was well below the 3.90M&nbsp;pace expected and 3.95M in&nbsp;September. The sales pace was the lowest level in 13 years (since 2010).</p><p>Other major economic releases and events this week include:</p><p>Tuesday</p><ul><li>US conference Board consumer confidence (10 AM ET). Estimate 101.0 versus 102.6 last month</li></ul><p>Wednesday</p><ul><li>Australia's CPI YoY expected 5.2% versus 5.6% last month&nbsp;(7:30 PM ET)</li><li>Reserve Bank of New Zealand interest rate decision. No change expected. (8 PM ET)</li><li>Preliminary Germany CPI (all day)</li><li>Preliminary GDP 3Q. 5.0% versus 4.9%. This is the 2nd release of the 3Q GDP</li></ul><p>Thursday</p><ul><li>China manufacturing PMI index 49.6 versus 49.5 last month (8:30 PM ET)</li><li>EU&nbsp;CPI flash estimate. 2.7% versus 2.9% last month&nbsp;(5 AM ET)</li><li>OPEC=JMMC&nbsp;meeting</li><li>US core PCE price index. 0.2% versus 0.3% expected (8:30 AM ET)</li><li>US initial jobless claims 219K vs&nbsp;209K last week (8:30 AM ET)</li></ul><p>Friday</p><ul><li>Canada employment statistics. Unemployment change 18.5 K versus 17.5 K last month. Unemployment rate 5.7% versus 5.7% last month. (8:30 AM ET)</li><li>US ISM manufacturing PMI. Estimate 47.7 versus 46.7 last month (10 AM ET). ISM manufacturing prices are expected at 46.2 versus 44.1 last month</li><li>Fed Chair Powell speaks (11 AM ET)</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.