The Week Ahead: 21st – 25th November 2022

Overview for the Week Ahead

Wednesday’s Federal Reserve meeting minutes will be the main highlight of a holiday-shortened week, with investors on the lookout for any indication that the pace of rate hikes may slow. The most important shopping period of the year kicks off on Friday in what will be a key test for U.S. retailers. The latest world economic forecasts from OECD on Tuesday along with global PMI data will give an important insight into the health of the world economy. Meanwhile, China may step up economic support measures and there are signs king dollar may be about to lose its crown.

The economic calendar for the coming week also includes the Richmond Fed manufacturing index, initial jobless claims, durable goods orders for October and PMI data for November.

Against a background of soaring inflation and rising interest rates, a key test of consumer demand arrives on Nov. 25, when retailers launch “Black Friday” sales – traditionally one of the year’s strongest shopping days.

Recent data showed that U.S. retail sales rose more than expected in October, indicating that consumers may be on more solid footing heading into year-end. Consumer spending accounts for more than two-thirds of U.S. economic activity.

Four days before the U.S. Thanksgiving holiday, crypto markets decided they didn’t have much for which to be thankful.

Have your trading charts ready!

This Week’s High Impact Events

The times below are GMT +2.

Monday 21st November

  • No High Impact Events

Tuesday 22nd November

  • 09.00 – Australia – RBA Gov. Lowe Speaks

Potential instruments to Trade: AUD Crosses. 

  • 17.00 – US – Richmond Manufacturing Index

Potential instruments to Trade: USD Crosses. 

  • 18.00 – US – FOMC Member Mester Speaks

Potential instruments to Trade: USD Crosses. 

  • 21.15 – US – FOMC Member George Speaks

Potential instruments to Trade: USD Crosses. 

  • 21.45 – US – FOMC Member Bullard Speaks

Potential instruments to Trade: USD Crosses. 

Wednesday 23rd November

  • 03.00 – New Zealand – Official Cash Rate, RBNZ Monetary Policy Statement, & RBNZ Rate Statement

Potential instruments to Trade: NZD Crosses. 

  • 04.00 – New Zealand – RBNZ Press Conference

Potential instruments to Trade: NZD Crosses. 

  • From 10.15 – Europe – French & German Flash Manufacturing & Flash Services PMI

Potential instruments to Trade: EUR Crosses. 

  • 11.00 – UK – Flash Manufacturing & Flash Services PMI

Potential instruments to Trade: GBP Crosses. 

  • 15.30 – US – Core Durable Goods Orders m/m, Durable Goods Orders m/m, & Unemployment Claims

Potential instruments to Trade: USD Crosses. 

  • 16.45 – US – Flash Services PMI & Flash Manufacturing PMI

Potential instruments to Trade: USD Crosses. 

  • 17.00 – US – New Home Sales & Revised UoM Consumer Sentiment

Potential instruments to Trade: USD Crosses. 

  • 21.00 – US – FOMC Meeting Minutes

Potential instruments to Trade: USD Crosses. 

Thursday 24th November

  • 11.00 – Europe – German ifo Business Climate

Potential instruments to Trade: EUR Crosses. 

  • 23.45 – New Zealand – Retail Sales q/q

Potential instruments to Trade: NZD Crosses. 

Friday 25th November

  • No High Impact Events

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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