Here is what you need to know about the important news between November 7th 2022 and November 11th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index
Dollar index faced a pullback after the release of the Non-Farm Payrolls last Friday, since the upward movement had already been in the price, the greenback indicator faced a 2% pullback to regain its normal levels before the NFP release.
Gold
Gold is expected to remain under pressure in the coming months, given that the Federal Reserve signalled it will keep hiking interest rates to fight inflation. Last week’s strong jobs report gives the central bank more room to raise interest rates in the coming meeting in the next few months.
Oil
Crude Oil on Friday had a bull run of 5%, after the rumours from China that they might easy the Covid restrictions, and the demand of the precious liquid will start to be higher again. However on Saturday, the Chinese health authorities dismissed the rumours , and the price of Oil early on Monday lost almost 2%
Stocks
Ahead in the week, investors will be closely monitoring fresh CPI data for October, with headline inflation seen rising 0.7% month-on-month, while core inflation is expected to lift 0.5% over the previous month. Speeches from FOMC members Williams, Mester, and the Fed’s Waller will be watched for clues into the central bank’s path of interest rate increases, in addition to initial jobless claims and Michigan consumer sentiment data.
Economic calendar most important releases – All times are GMT
Tuesday, November 08, 2022
09:30 AUD RBA Gov Lowe Speaks
All Day USD Congressional Elections
14:00 USD ISM Manufacturing PMI
14:00 USD JOLTS Job Openings
21:45 NZD Employment Change q/q
21:45 NZD Unemployment Rate
Wednesday, November 09, 2022
15:30 USD Crude Oil Inventories
Thursday, November 10, 2022
13:30 USD CPI m/m
13:30 USD CPI y/y
13:30 USD Unemployment Caims
16:50 CAD BOC Goc Macklem Speaks
Friday, November 11, 2022
07:00 GBP GDP m/m
15:00 USD Prelim UoM Consumer Sentiment
Thanks for reading! Have a great week! 
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