15th November - 20th November 2020
It is a busier week on the economic calendar. 3rd quarter GDP and finalized industrial production numbers are due out on Monday ahead of October trade figures on Wednesday. At the end of the week, October inflation figures will also be of interest. Will the stats give the BoJ a reason to stand pat for longer? Much will depend on the containment of the COVID-19 2nd wave. At the start of the week, NY Empire State manufacturing figures for November will be in focus. Barring dire numbers, however, there should be a limited impact on the Dollar. On Tuesday, retail sales, industrial production, and business inventory numbers for October will draw attention. Expect the retail sales figures to have the greatest impact. With labor market conditions quite dire, weakness in consumption will test risk sentiment. NZD PPI Input (Q/Q) GBP Core CPI (Y/Y) (OCT), Consumer Price Index (M/M) (OCT), CPI (Y/Y) (OCT) EUR Euro-Zone Core CPI (Y/Y) (NOV 01), Euro-Zone CPI (Y/Y) (OCT) CAD Bank of Canada Core CPI (Y/Y) (OCT) The day will be full of major economic data coming from New Zealand UK and the Eurozone. First up will be the Consumer Price Index (CPI) YoY from the UK, Eurozone, and Canada which measures the change in the price of goods and services from the perspective of the consumer. AUD Employment Change (M/M) (OCT), Unemployment Rate (OCT) It’s a relatively quiet week ahead on the economic calendar. Employment figures on Thursday and prelim retail sales figures on Friday will provide direction. On the monetary policy front, the RBA meeting minutes due out on Tuesday will also draw attention. There should be few surprises, however, following the RBA’s statement on monetary policy. RBA Governor Lowe is scheduled to speak on Wednesday, which could provide a more current view. From elsewhere, expect economic data from China and COVID-19 news updates to also influence. At the end of the week, wholesale inflation figures from Germany and flash consumer confidence figures for the Eurozone are due out. Expect the Eurozone’s flash consumer confidence figure to have the greatest impact. It’s likely to be a grim figure as EU member states look to contain the 2nd wave of the COVID-19 pandemic. On the monetary policy front, ECB President Lagarde is scheduled to speak in the week. Any further details on what to expect from the ECB next month will influence. Opening an account could not be easier, Speak to an expert, simply follow the link below and a Delma Exchange representative will be in touch. https://delma-exchange.com/request-a-calback Monday
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