Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
5 important events this week will bring us
- RBA rate statement (Tue, 5:30 MT (3:30 GMT)) – According to forecasts, the interest rate will remain steady at 0.75%. We will keep an eye on the monetary policy statement, where the regulator may throw some hints on the possible changes to the monetary policy.
- Canada’s trade balance (Tue, 15:30 MT (13:30 GMT)) – If the actual level of indicator is higher than the forecasts, the CAD will go up.
- New Zealand’s employment change and unemployment rate (Tue, 23:45 MT (21:45 GMT)) – Analysts anticipate the employment change to increase by 0.2%. At the same time, the unemployment rate is forecast to rise to 4.1%. Higher-than-expected figures of employment change and lower level of the unemployment rate will be NZD-positive.
- BOE monetary policy summary (Thu, 14:00 MT (12:00 GMT)) – The interest rate is expected to stay at 0.75%. The possible move for the British pound may come with the release of the monetary policy statement. Any hawkish comments concerning the bank’s policy amid the Brexit mess will support the British pound.
- Canada’s employment change and unemployment rate (Fri, 15:30 MT (13:30 GMT)) – If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the Canadian dollar will get positive momentum.
- During the ASEAN summit this weekend, Commerce Secretary Wilbur Ross expressed optimism that the US would reach a “phase one” trade deal with China this month and said licenses would be coming soon for American companies to sell components to Huawei Technologies Co. The news boosted the risk-on sentiment in the markets.
- Christine Lagarde will make her first speech as a president of the European Central Bank this evening at 20:30 MT (18:30 GMT) time.
The US will release the Philly Fed Manufacturing Index – the impactful event for the USD and thus for all the major pairs. It will be out on November 18 at 15:30 MT (GMT+2).
The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). How will it impact the markets?
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.