WEEKLY ECONOMIC CALENDAR AHEAD

WEEKLY ECONOMIC CALENDAR AHEAD

Here is what you need to know about the important news between November 14^th  2022 and November 18^th 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

Last week’s softer U.S. inflation data fuelled expectations that the Fed will get less aggressive with rate hikes from December after four consecutive 75 basis point increases. Data to be released this week from US, should provide an insight into how consumers are faring ahead of the holiday season.

Gold

Gold for the last week had the best week for a long time, managing to climb up to 1770. Profit taking by investors, pushed the precious metal to retreat for a while , and analysts expect it to show continuance since the rate hikes expectancy is to be done with a lower aggression, (0.50% instead of 0.75%).

Oil

Crude prices closed last week lower but rallied sharply on Friday after China said it will loosen some measures under its strict zero-COVID policy for the first time ever. Hawkish signals from the Federal Reserve also weighed slightly on oil prices, as Fed Governor Christopher Waller warned that while the bank is considering a slower pace of rate hikes in the coming months, it is not softening its stance against inflation.

Stocks

Ahead in the week, investors will be closely monitoring fresh Retail Sales data, along with other data in order to for investors to identify and have an idea if the FED will stop the aggressive rate hikes on the next meeting. Holiday season also starts, and sales indication for the next month should be important on how the economy is moving forward.

Economic calendar most important releases – All times are GMT

Tuesday, November 15, 2022

00:30                AUD                 Monetary Policy Meeting Minutes

07:00                GBP                 Claimant Count Change

13:30                USD                 Empire State Manufacturing Index

13:30                USD                 PPI m/m

All Day              All                    G20 meetings

Wednesday, November 16, 2022

00:30                AUD                 Wage Price Index q/q

07:00                GBP                 CPI y/y

13:30                CAD                 CPI m/m

13:30                CAD                 Median CPI y/y

13:30                CAD                 Trimmed CPI y/y

13:30                USD                 Core Retail Sales

13:30                USD                 Retail Sales

14:15                GBP                 Monetary Policy Report Hearings

Thursday, November 17, 2022

00:30                AUD                 Employment Change

00:30                AUD                 Unemployment Rate

13:30                USD                 Phily Fed Manufacturing index

Friday, November 18, 2022

08:30                EUR                 ECB President Langarde Speaks

Thanks for reading! Have a great week!       

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