TC Economic Insight - The Week Ahead (Nov 20 - 24)


Christophe Chevalier


November 17, 2023



Min Read

TC Economic Insight - The Week Ahead (Nov 20 - 24)

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

We are looking into the trading week of November 20 - 24:

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:

While most central banks worldwide are expected to complete their rate-hike cycle, Japan’s central bank is keeping its key interest rate at negative -0.100%.

Bank of Japan Governor Kazuo Ueda said the central bank will "patiently" maintain ultra-loose monetary policy while waiting for trend inflation to rise to its target of 2%.

Investors are therefore closely following Japan’s  inflation data for clues on when the BOJ will change its course on monetary policy.

According to Trading Central's "Economic Insight", Japan’s Core Inflation Rate (due Friday, November 24) will pick up to 2.9% on year in October. 

In the past 12 Japan Core Inflation Rate reports, USD/JPY rose in 67% of times (8 out of 12 events) within one hour from the report’s release, marking a trading range of 22.28 pips on average.

Other key economic data include:

Monday (November 20)

Germany Producer Prices (OCT) expected to fall 11.1% on year.

U.S. Conference Board Leading Index (OCT) to drop 0.6% on month. 

Tuesday (November 21)

Australia’s Central Bank to release latest monetary-policy meeting minutes.

Canada Inflation Rate (OCT) to slow to 3.3% on year.

Canada New Housing Prices (OCT) to decline 0.2% on month.

U.S. Existing Home Sales (OCT) may fall 1.3% on month.

U.S. Federal Reserve to release latest monetary-policy meeting minutes.

Wednesday (November 22)

U.K. Chancellor to present the Autumn Statement.

U.S. Durable Goods Orders (OCT) expected to fall 2.8% on month.

U.S. Initial Jobless Claims (NOV/18) to decline to 225,000.

Thursday (November 23)

Japan market to be closed for Labor Thanksgiving Day.

U.S. market to be closed for Thanksgiving Day.

France HCOB Manufacturing PMI (NOV) expected to tick down to 42.6.

Germany HCOB Manufacturing PMI (NOV) to rise to 41.2.

U.K. S&P Global Manufacturing PMI (NOV) to tick up to 45.0.

Friday (November 24)

Japan Inflation Rate (OCT) expected to accelerate to 3.2% on year.

Japan Core Inflation Rate (OCT) to pick up to 2.9% on year.

U.K. GfK Consumer Confidence Index (NOV) to improve to -28.

France Consumer Confidence Index (NOV) to tick down to 83.

Germany Ifo Business Climate Index (NOV) to rise to 87.7

Happy Trading!

Source: Trading Central Economic Insight

Christophe Chevalier

Technical Analyst
Christophe has an STA Level 1 & 2 from the Society of Technical (UK), an MS in Financial Trading ESLSCA France’s elite financial education university and an MBA from ISC Paris Business School. He joined TC in 2007, bringing over 11 years experience in financial markets.
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