Next week we will have very low news on the forex economic calendar, compared to what we would have seen in the previous weeks. The most dominant will be the US indices, which will start on Wednesday, November 9th. To delve into all the upcoming news, we’ll provide a brief review of the brands to take into consideration along with their raw data and forecasts.
Wednesday 9: We’ll only have one piece of news to save here
16:30 p.m. (USA) IEA stockpile
The Energy Information Administration (EIA) measures the weekly increase in barrels of commercial crude oil held within the warehouses of US companies. Each week’s levels can affect the valuation of petroleum products and therefore there can be a significant impact on the economy with dollar estimates.
Thursday 10: All attention is only on the United States too
14:30 pm (USA) CPI or inflation data– Core CPI (MoM – October): Previous 0.6% & 0.5% Forecast – CPI (YoY – October): Here we already present a significant change of 8.2% as previously and 8.0% as expected. – IPC (MoM – Oct): with a previous of 0.4% and experts believe the forecast is 0.7%.
14:30 PM (USA) New Claims for Unemployment BenefitsPrevious at 217K and potential expectations at 220K.
Jobless claims are a primary measure of unemployment claims in the United States, with the Department of Labor releasing a weekly report detailing the benefits that people who are currently unemployed and those with the corresponding documents will be able to obtain. A higher reading is taken negatively for the dollar, while a lower reading is taken positively. And also to get a big difference, there should be at least 30k difference.
Friday 11: To end the week we will already have participation from the UK and Germany
8 a.m. (UK) GDPGross Domestic Product (YoY): Experts believe that there can be a forecast of 2.1% from its predecessor at 4.4%. – GDP (Quarterly): The quarterly level has expectations lower by -0.5% than its predecessor at 0.2%.
8 am (UK) Industrial Production for SeptemberAccording to analysts’ estimates, there will be -1.6% previously and -0.8% expected.
8 a.m. (Germany) CPI or annual inflation data for OctoberIncredibly, and despite the fact that Germany is one of the EU countries entering a recession, the inflation data has a forecast equal to that of the previous month, at 10.4%.
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