TC Economic Insight - The Week Ahead (Nov 13 - 17)


George Lam


November 10, 2023



Min Read

TC Economic Insight - The Week Ahead (Nov 13 - 17)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of November 13 - 17:

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:

The U.S. Federal Reserve kept its key interest rates unchanged for two consecutive meetings (September & November). While market expectations are that the central bank is already done with its rate-hike cycle (the most rapid one in decades), investors are looking into inflation data for clues on how long the Fed will keep its rates at current levels.  

According to Trading Central's "Economic Insight", the U.S. Core Inflation Rate (due Tuesday, November 14) will slow down to 3.8% on year in October. 

In the past 12 U.S. Core Inflation Rate reports, EUR/USD rose in 75% of times (9 out of 12 events) within one hour from the report’s release, marking a trading range of 75.74 pips on average.

Other key economic data include:

Monday (November 13)

Japan Producer Price Growth (OCT) expected to slow to 1.9% on year.

U.S. Budget Deficit (OCT) to narrow to $110 billion.

Tuesday (November 14)

Australia Westpac Consumer Confidence Index (NOV) expected to climb to 82.6.

U.K. Unemployment Rate (SEP) to rise to 4.4%

Germany ZEW Economic Sentiment Index (NOV) to improve to 1.0.

U.S. NFIB Business Optimism Index (OCT) to decline to 89.8.

U.S. Inflation Rate (OCT) may tick up to 3.8% on year.

U.S. Core Inflation Rate (OCT) to slow to 3.8% on year.

Wednesday (November 15)

Japan Gross Domestic Product (3Q) expected to shrink 0.6% on quarter (annualized).

China Industrial Production (OCT) to grow 4.8% on year.

China Retail Sales (OCT) to increase 6.7% on year.

U.K. Inflation Rate (OCT) to slow down to 4.9% on year

Eurozone Industrial production (SEP) to edge up 0.1% on month

U.S. Retail Sales (OCT) to grow 0.2% on month.

U.S. New York State Manufacturing Index (NOV) may improve slightly to -3.9.

U.S. Producer Prices (OCT) to increase 2.3% on year. 

Thursday (November 16)

Japan Exports (OCT) expected to gain 1.0% on year.

Japan Machinery Orders (SEP) to increase 1.0% on month.

Australia Unemployment Rate (OCT) to be stable at 3.6%.

Canada Housing Starts (OCT) to decline to 245,000 units.

U.S. Philadelphia Fed Manufacturing Index (NOV) to fall to -12.

U.S. Initial Jobless Claims (NOV/11) to rise to 219,000.

U.S. Industrial Production (OCT) may shrink 0.2% on month.

Friday (November 17)

China Foreign Direct Investment (JAN-OCT) expected to drop 9.7% on year.

U.K. Retail Sales (OCT) expected to decline 0.4% on month.

U.S. Housing Starts (OCT) to fall 1.3% on month.

U.S. Building Permits (OCT) to drop 1.5% on month.

Canada Producer Prices (OCT) to decline 1.2% on year.

Happy Trading!

Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.
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