The upcoming five-day trading week is centered around key US and German inflation reports, regional GDP figures, and consumer activity metrics. Traders are closely monitoring incoming data to assess the next steps of leading central banks.
The week kicked off with an assessment of the Asian region's macroeconomic performance, reflecting domestic demand and consumer activity.
Japan
23:30 GMT: Household Spending (MoM) (September). Out: -2.8% | Forecast: 0.3% | Previous figure: 0.1%
23:30 GMT: Household Spending (YoY) (September). Out: -6.8% | Forecast: -3.1% | Previous figure: -3.1%
Day two shifted focus to a key batch of US consumer inflation data, which drove the direction of the US dollar.
United States
1:30 p.m. GMT 🔥 : Consumer Price Index (CPI) (MoM) (October). Out: 0.4% | Forecast: 0.3% | Previous figure: 0.6%
1:30 p.m. GMT 🔥 : Core Consumer Price Index (CPI) (MoM) (October). Out: 0.3% | Forecast: 0.2% | Previous figure: 0.3%
Wednesday, November 11
The midweek session brings European inflation statistics and speeches from European Central Bank leadership.
Germany
7:00 a.m. GMT: German Consumer Price Index (CPI) (MoM) (October). Forecast: -0.2% | Previous figure: 0.6%
7:00 a.m. GMT: German Consumer Price Index (CPI) (YoY) (October). Forecast: 2.8% | Previous figure: 3.3%
Eurozone
9:45 a.m. GMT: ECB President Lagarde Speech
Thursday maintains momentum with a large batch of UK GDP data, EU economic forecasts, and US weekly labor market statistics.
United Kingdom
7:00 a.m. GMT 🔥 : Gross Domestic Product (GDP) (YoY) (Q3) P. Forecast: 1.4% | Previous figure: 1.4%
7:00 a.m. GMT: Gross Domestic Product (GDP) (MoM) (September). Forecast: 0.0% | Previous figure: 0.1%
7:00 a.m. GMT: Gross Domestic Product (GDP) (QoQ) (Q3) P. Forecast: 0.7% | Previous figure: 0.5%
Eurozone
9:00 a.m. GMT: ECB Economic Bulletin
10:00 a.m. GMT: European Economic Forecasts
United States
1:30 p.m. GMT: Initial Jobless Claims. Forecast: 194K | Previous figure: 189K
3:00 p.m. GMT: Existing Home Sales (October). Forecast: 3.86M | Previous figure: 3.99M
5:00 p.m. GMT: EIA Crude Oil Inventories. Previous figure: -0.865M
The week wraps up with Eurozone GDP figures and fresh US producer inflation data (PPI).
Eurozone
10:00 a.m. GMT: Gross Domestic Product (GDP) (YoY) (Q3) P. Forecast: 1.3% | Previous figure: 1.3%
10:00 a.m. GMT: Gross Domestic Product (GDP) (QoQ) (Q3) P. Forecast: 0.4% | Previous figure: 0.4%
United States
1:30 p.m. GMT 🔥 : Producer Price Index (PPI) (MoM) (October). Forecast: 0.4% | Previous figure: 1.3%
US Inflation (Tuesday): Higher-than-expected CPI data (0.4% MoM) confirms persistent price pressures, forcing the market to price in a more aggressive policy path by the Fed, which underpins the US dollar.
Second Half of the Week Expectations: The release of UK and Eurozone GDP figures alongside US producer price indices will set the tone for major currency pairs in the second half of the week.
Top Tip of the Week: Publishing inflation data and price indices historically triggers sharp volatility spikes. Avoid entering trades directly during news releases — wait for clear chart levels to form and stick strictly to your risk management!
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