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TC Economic Insight - The Week Ahead (Nov 6 - 10)
Investors are turning their focus onto whether major central banks in the world will follow their counterparts in the U.S., the U.K., and Japan to pause interest-rate hikes. Meanwhile, the Reserve Bank of Australia (RBA) is expected to raise its key interest rate by 25 basis points to 4.35% on Tuesday (November 7).
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TC Economic Insight - The Week Ahead (Nov 6 - 10)
Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of November 6 - 10:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which economies to focus on:
After central banks of Japan, the U.S. and the U.K. have all kept their key interest rates unchanged this week, investors are turning their focus onto whether other major central banks in the world will follow suit.
According to Multi-Stock Trading LLC's "Economic Insight", the Reserve Bank of Australia (RBA) will raise its Key Interest Rate by 25 basis points to 4.35% on Tuesday (November 7).
In the past 11 RBA Interest-Rate Decisions, AUD/USD rose in 55% of times (6 out of 11 events) within one hour from the report’s release, marking a trading range of 39.80 pips on average.
Other key economic data include:
Monday (November 6)
Germany Factory Orders (SEP) expected to grow 0.2% on month
Tuesday (November 7)
Australia Central Bank expected to raise Key Interest Rate by 25 basis points to 4.35%.
China Exports (OCT) to drop 5.0% on year, Imports to fall 5.5%.
Germany Industrial Production (SEP) to grow 0.1% on month
Eurozone Producer Prices (SEP) expected to fall 12.6% on year.
Canada Ivey PMI (OCT) to dip to 52.1.
Wednesday (November 8)
Eurozone Retail Sales (SEP) expected to rise 0.7% on month.
Canada Building Permits (SEP) to increase 1.5% on month.
Thursday (November 9)
China Inflation Rate (OCT) expected to edge up 0.2% on year.
China Producer Prices (OCT) to fall 1.1% on year.
U.K. RICS House Price Balance (OCT) to edge higer to -67%.
U.S. Initial Jobless Claims expected to rise to 220,000.
Friday (November 10)
U.K., GDP Growth (3Q) expected at zero.
U.K. Industrial Production (SEP) to grow 0.1% on month
U.S. University of Michigan Consumer Sentiment Index (NOV) may rise to 64.2.
Happy Trading!
Source: Multi-Stock Trading LLC Economic Insight