|
Event |
Date |
Time |
Currency |
Impact |
Forecast |
Previous |
|
ECB President Lagarde Speaks |
Mon Nov 27 |
9:00am |
EUR |
Medium |
|
|
|
New Home Sales |
Mon Nov 27 |
10:00am |
USD |
Medium |
724K |
759K |
|
Retail Sales m/m |
Mon Nov 27 |
7:30pm |
AUD |
Medium |
0.1% |
0.9% |
|
RBA Gov Bullock Speaks |
Mon Nov 27 |
8:18pm |
AUD |
High |
|
|
|
S&P/CS Composite-20 HPI y/y |
Tue Nov 28 |
9:00am |
USD |
Medium |
4.2% |
2.2% |
|
CB Consumer Confidence |
Tue Nov 28 |
10:00am |
USD |
High |
101.0 |
102.6 |
|
Richmond Manufacturing Index |
Tue Nov 28 |
10:00am |
USD |
Medium |
1 |
3 |
|
FOMC Member Waller Speaks |
Tue Nov 28 |
10:05am |
USD |
Medium |
|
|
|
CPI y/y |
Tue Nov 28 |
7:30pm |
AUD |
High |
5.2% |
5.6% |
|
Official Cash Rate |
Tue Nov 28 |
8:00pm |
NZD |
High |
5.50% |
5.50% |
|
RBNZ Monetary Policy Statement |
Tue Nov 28 |
8:00pm |
NZD |
High |
|
|
|
RBNZ Rate Statement |
Tue Nov 28 |
8:00pm |
NZD |
High |
|
|
|
RBNZ Press Conference |
Tue Nov 28 |
9:00pm |
NZD |
High |
|
|
|
German Prelim CPI m/m |
Wed Nov 29 |
All Day |
EUR |
High |
-0.1% |
0.0% |
|
Spanish Flash CPI y/y |
Wed Nov 29 |
3:00am |
EUR |
High |
3.7% |
3.5% |
|
Prelim GDP q/q |
Wed Nov 29 |
8:30am |
USD |
High |
5.0% |
4.9% |
|
Prelim GDP Price Index q/q |
Wed Nov 29 |
8:30am |
USD |
Medium |
3.5% |
3.5% |
|
BOE Gov Bailey Speaks |
Wed Nov 29 |
10:05am |
GBP |
High |
|
|
|
Manufacturing PMI |
Wed Nov 29 |
8:30pm |
CNY |
High |
49.6 |
49.5 |
|
Non-Manufacturing PMI |
Wed Nov 29 |
8:30pm |
CNY |
Medium |
51.1 |
50.6 |
|
Core CPI Flash Estimate y/y |
Thu Nov 30 |
5:00am |
EUR |
Medium |
3.9% |
4.2% |
|
CPI Flash Estimate y/y |
Thu Nov 30 |
5:00am |
EUR |
Medium |
2.7% |
2.9% |
|
OPEC-JMMC Meetings |
Thu Nov 30 |
All Day |
All |
High |
|
|
|
GDP m/m |
Thu Nov 30 |
8:30am |
CAD |
High |
0.1% |
0.0% |
|
ECB President Lagarde Speaks |
Thu Nov 30 |
8:30am |
EUR |
Medium |
|
|
|
Core PCE Price Index m/m |
Thu Nov 30 |
8:30am |
USD |
High |
0.2% |
0.3% |
|
Unemployment Claims |
Thu Nov 30 |
8:30am |
USD |
High |
219K |
209K |
|
Chicago PMI |
Thu Nov 30 |
9:45am |
USD |
Medium |
46.0 |
44.0 |
|
Pending Home Sales m/m |
Thu Nov 30 |
10:00am |
USD |
Medium |
-0.9% |
1.1% |
|
Caixin Manufacturing PMI |
Thu Nov 30 |
8:45am |
CNY |
Medium |
49.3 |
49.5 |
|
GDP q/q |
Fri Dec 1 |
3:00am |
CHF |
Medium |
0.1% |
0.0% |
|
ECB President Lagarde Speaks |
Fri Dec 1 |
6:30am |
EUR |
Medium |
|
|
|
Employment Change |
Fri Dec 1 |
8:30am |
CAD |
High |
18.5K |
17.5K |
|
Unemployment Rate |
Fri Dec 1 |
8:30am |
CAD |
High |
5.7% |
5.7% |
|
ISM Manufacturing PMI |
Fri Dec 1 |
10:00am |
USD |
High |
47.7 |
46.7 |
|
ISM Manufacturing Prices |
Fri Dec 1 |
10:00am |
USD |
Medium |
46.2 |
45.1 |
|
Fed Chair Powell Speaks |
Fri Dec 1 |
11:00am |
USD |
High |
|
|
This table is in EST (Eastern Standard Time)
Navigating the Forex Markets:
As we approach the end of November, the forex market remains dynamic; additionally, it is driven by a series of influential events scheduled for the upcoming week. Traders and investors are closely watching economic indicators, central bank speeches, and geopolitical developments to gain insights into potential market movements. Moreover, in this week’s blog post, we’ll break down the significant forex news events scheduled from Nov 26 to Dec 2, all presented in Eastern Standard Time (EST).
Monday, Nov 27:
ECB President Lagarde Speaks (9:00 am – EUR – Medium Impact):
Market participants will be keenly observing Christine Lagarde’s remarks for insights into the European Central Bank’s perspective on economic conditions and monetary policy.
New Home Sales (10:00 am – USD – Medium Impact):
The US housing market’s health will be gauged through the New Home Sales data, influencing the USD’s performance.
Retail Sales m/m (7:30 pm – AUD – Medium Impact):
Australian retail sales data is anticipated to impact the AUD, reflecting consumer spending trends.
RBA Gov Bullock Speaks (8:18 pm – AUD – High Impact):
Reserve Bank of Australia Governor Bullock’s speech is expected to provide insights into the RBA’s monetary policy stance.
Tuesday, Nov 28
S&P/CS Composite-20 HPI y/y (9:00 am – USD – Medium Impact):
The Case-Shiller Home Price Index is a crucial indicator for the US housing market, influencing the USD.
CB Consumer Confidence (10:00 am – USD – High Impact):
The Conference Board’s Consumer Confidence Index can impact the USD, reflecting consumer sentiment.
Richmond Manufacturing Index (10:00 am – USD – Medium Impact):
This index gauges manufacturing activity in the Richmond Federal Reserve district, influencing the USD.
FOMC Member Waller Speaks (10:05 am – USD – Medium Impact):
Speeches by FOMC members, such as Waller, can provide insights into the Fed’s monetary policy outlook.
CPI y/y (7:30 pm – AUD – High Impact):
Australia’s Consumer Price Index is crucial for the AUD, reflecting inflationary pressures.
Official Cash Rate, RBNZ Monetary Policy Statement, RBNZ Rate Statement, RBNZ Press Conference (8:00 pm – NZD – High Impact):
A series of events that will shape the New Zealand Dollar’s performance, including interest rate decisions and policy statements.
Wednesday, Nov 29
German Prelim CPI m/m (All Day – EUR – High Impact):
Germany’s inflation data can impact the Euro, influencing overall Eurozone sentiment.
Spanish Flash CPI y/y (3:00 am – EUR – High Impact):
Spain’s inflation figures will contribute to the overall Eurozone inflation outlook.
Prelim GDP q/q, Prelim GDP Price Index q/q (8:30 am – USD – High/Medium Impact):
US Gross Domestic Product data is closely watched for insights into economic health.
BOE Gov Bailey Speaks (10:05 am – GBP – High Impact):
Bank of England Governor Bailey’s speech can provide insights into the UK’s economic outlook and potential policy changes.
Manufacturing PMI, Non-Manufacturing PMI (8:30 pm – CNY – High/Medium Impact):
Chinese Purchasing Managers’ Index data influences global sentiment, impacting various currencies.
Thursday, Nov 30
Core CPI Flash Estimate y/y, CPI Flash Estimate y/y (5:00 am – EUR – Medium Impact):
Eurozone inflation data can impact the Euro, influencing monetary policy decisions.
OPEC-JMMC Meetings (All Day – All – High Impact):
OPEC meetings can impact oil prices, influencing currencies linked to commodity markets.
GDP m/m (8:30 am – CAD – High Impact):
Canadian Gross Domestic Product data can impact the CAD, reflecting economic health.
ECB President Lagarde Speaks (8:30 am – EUR – Medium Impact):
President Lagarde’s second speech of the week, provided additional insights into the ECB’s perspective.
Core PCE Price Index m/m, Unemployment Claims, Chicago PMI, Pending Home Sales m/m, Caixin Manufacturing PMI (8:30 am – USD/CNY – High/Medium Impact):
A cluster of US economic indicators, along with Chinese PMI data, will heavily influence the USD and CNY.
Friday, Dec 1
GDP q/q (3:00 am – CHF – Medium Impact):
Swiss Gross Domestic Product data can influence the CHF, reflecting economic performance.
ECB President Lagarde Speaks (6:30 am – EUR – Medium Impact):
President Lagarde’s final speech of the week, providing any last-minute insights into the ECB’s stance.
Employment Change, Unemployment Rate (8:30 am – CAD – High Impact):
Canadian employment data can impact the CAD, reflecting labor market conditions.
ISM Manufacturing PMI, ISM Manufacturing Prices (10:00 am – USD – High/Medium Impact):
Key indicators for the US manufacturing sector, influencing the USD.
Fed Chair Powell Speaks (11:00 am – USD – High Impact):
Federal Reserve Chair Powell’s speech can provide crucial insights into the Fed’s monetary policy outlook, impacting the USD.
Summary:
In the upcoming forex week (Nov 26 – Dec 2, EST), key events include ECB President Lagarde’s speeches, influential economic indicators like US New Home Sales and Australian Retail Sales, and crucial RBNZ sessions. Market-moving data, such as US GDP figures and Eurozone inflation estimates, will be closely monitored. The week concludes with significant events, including Canadian employment data, US ISM Manufacturing PMI, and a speech by Federal Reserve Chair Powell. Traders should be prepared for potential volatility and stay informed for strategic decision-making.
