The report detailing the Consumer Price Index for the Eurozone is expected to come out tomorrow 29 November 2013. The report will cover changes to the cost of living during the current month of November 2013. At this time, analysts do not believe that there will be any significant changes to the CPI.

Readers are reminded that the CPI report is an important indicator of inflation in the economy. As the CPI measures the cost of a set basket of basic goods, it is sensitive to shifts in prices for consumers. As prices of these items rise or fall, it can affect the spending abilities of the public and therefore influence economic activity in that country or region.

Whle as mentioned above that analysts do not expect to see any major changes in tomorrow’s report, some minor movement may be expected. As the Eurozone has experienced a certain level of slowdown in their economy, some fluctuations can be expected.

Traders are advised to watch for volatility in the Euro in the coming weeks as the economy and policy makers readjust to the developments in the market.

Canada to Issue GDP on Friday

The Gross Domestic Product report for Canada is set to be released tomorrow Friday 29 November 2013. The report will relate to the statistics gathered during the course of the third quarter (Q3) of 2013. At this time, many experts have expressed opinions indicating that they expect to see a rise from this period when compared with that of the second quarter (Q2).

As with other reports of this nature, the GDP is often used as an indicator of changes to the economy. It should be noted that while the loonie has suffered recently in trading, this report covers the months before the price of crude dropped considerably as has been witnessed in recent weeks. Readers are reminded that the Canadian economy is strongly linked to the price of crude oil as it comprises their most valuable export.

Investors looking to trade in the CAD are advised to proceed with caution. While the release of this report may not significantly alter the value of the loonie in trading, potential fluctuations cannot be ruled out.

Libyan Clashes Hamper Export Efforts on Oil

It was reported on 28 November 2013 that recent clashes in Libya between government forces and Islamists in the oil rich eastern region, causing disruptions to the nation’s ability to export its oil to the global market.

Readers are reminded that the oil producing North African country suffered a civil war that overthrew the former dictator Muammar al-Qaddafi in 2011. In the aftermath of the fighting, the government has struggled to regain control over its territory and resources. Various tribes and Islamist militants have challenged the government, often impeding the oil industry’s efforts to return to previous levels of production.

Analysts note that once the Libyans begin working at capacity, the addition of their oil will add further to the rise in supply in the market. As has been heavily discussed in recent weeks, rising levels of supply, especially in the US have helped to depress prices.

Traders are advised to watch for further drops in the price of oil as the market absorbs the glut in supply, despite the minor fluctuations.