Here are the important market events of the week.
Last week, the dollar index (#DX) moved away from annual highs and closed in the negative zone.
Political tension in the UK continues to put pressure on the pound.
Secretary of State for Exiting the European Union, Dominic Raab, resigned and said that he could not approve the current terms of the agreement between London and Brussels.
Fed Chairman, Jerome Powell, is confident in the stability of the US economic growth and says that the Central Bank plans to continue a gradual increase in interest rates.
In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.
Monday, November 19th
On Monday the news feed will be fairly calm.
At 01:50 (GMT+2:00), data on the trade balance of Japan will be published.
Tuesday, November 20th
On Tuesday we expect important economic reports:
- Minutes of the RBA monetary policy meeting at 02:30 (GMT+2:00);
- A number of statistics on the real estate market in the United States at 15:30 (GMT+2:00).
Wednesday, November 21st
On Wednesday the attention of financial markets participants will be focused on economic reports from the United States:
- Durable goods orders at 15:30 (GMT+2:00);
- Initial jobless claims at 15:30 (GMT+2:00);
- Existing home sales at 17:00 (GMT+2:00).
Thursday, November 22nd
On Thursday investors will assess the minutes of the ECB monetary policy meeting at 14:30 (GMT+2:00).
The US financial markets will be closed due to the holiday.
Friday, November 23rd
On Friday trading week will end with the publication of important statistics:
- Report on German GDP at 09:00 (GMT+2:00);
- The index of economic activity in the manufacturing sector in Germany at 10:30 (GMT+2:00);
- Statistics on inflation and retail sales in Canada at 15:30 (GMT+2:00).