Overview for the Week Ahead

This week kicks off with Cyber Monday in a year when retail has been hit hard by inflation. Investors will be keeping an eye on online retail to see if it can help make up the difference.

The spectacular crash of cryptocurrency exchange FTX will also dominate financial news as hearings in Congress begin and bankruptcy proceedings continue.

Four important Federal Reserve speeches this week will also provide insight into the mindset of the Fed as they weigh further rate hikes to curb stubbornly high inflation.

The government’s monthly employment report, data on the housing market, a second look at GDP growth, PCE inflation, and a reading on consumer confidence are among the many highlights of a busy economic calendar in the coming days.

China has reported record new COVID cases for four straight days.  From an immediate market perspective, the COVID surge and nationwide unrest snuff out any hope China is about to re-open its economy. It doesn’t seem that the restrictions will be lifted any time soon, and growth will continue to suffer.

In that vein, PMI figures on Wednesday are expected to show that Chinese factory and service sector activity shrank again in November, another sign that Beijing will maintain its loose monetary policy stance.

Have your trading charts ready!

This Week’s High Impact Events

The times below are GMT +2.

Monday 28^th November

• 16.00 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses. 

• 19.00 – US – FOMC Member Bullard Speaks

Potential instruments to Trade: USD Crosses. 

Tuesday 29^th November

• 15.30 – Canada – GDP m/m

Potential instruments to Trade: CAD Crosses. 

• 17.00 – UK – BOE Gov. Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

• 17.00 – US – CB Consumer Confidence

Potential instruments to Trade: USD Crosses. 

Wednesday 30^th November

• 12.00 – Europe – CPI Flash Estimate & Core CPI Flash Estimate y/y

Potential instruments to Trade: EUR Crosses. 

• 15.15 – US – ADP Non-Farm Employment Change

Potential instruments to Trade: USD Crosses. 

• 15.30 – US – Prelim GDP q/q

Potential instruments to Trade: USD Crosses. 

• 17.00 – US – JOLTS Job Openings & Pending Home Sales

Potential instruments to Trade: USD Crosses. 

• 20.30 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses. 

Thursday 1^st December

• 09.30 – Switzerland – CPI m/m

Potential instruments to Trade: CHF Crosses. 

• 15.30 – Japan – BOJ Gov. Kuroda Speaks

Potential instruments to Trade: JPY Crosses. 

• 15.30 – US – Core PCE Price Index m/m & Unemployment Claims

Potential instruments to Trade: USD Crosses. 

• 17.00 – US – ISM Manufacturing PMI

Potential instruments to Trade: USD Crosses. 

Friday 2^nd December

• 04.40 – Australia – RBA Gov. Lowe Speaks

Potential instruments to Trade: AUD Crosses. 

• 04.40 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses. 

• 06.30 – New Zealand – RBNZ Gov. Orr Speaks

Potential instruments to Trade: NZD Crosses. 

• 15.30 – Canada – Employment Change & Unemployment Rate

Potential instruments to Trade: CAD Crosses. 

• 15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, & Unemployment Rate

Potential instruments to Trade: USD Crosses. 

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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