TC Economic Insight - The Week Ahead (Nov 27 - Dec 1)


Kim Ming Lam


November 24, 2023



Min Read

TC Economic Insight - The Week Ahead (Nov 27 - Dec 1)

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

We are looking into the trading week of November 27 -  December 1:

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:

After keeping the key interest rates unchanged for two times, the U.S. Federal Reserve is widely expected to pause rate-hike again in December.

And expectations are growing that the central bank will start cutting interest rates next year.

Investors are therefore closely watching another round of U.S. inflation data due next week.

According to Trading Central's "Economic Insight", U.S. Core Personal Consumption Expenditure (PCE) Price Inflation (due Thursday, November 30) will slow further to 3.5% on year in October.

In the past 12 U.S. Core PCE Price Inflation reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 33.18 pips on average.

Other key economic data include:

Monday (November 27)

U.S. New Home Sales (OCT) expected to decline 4.0% on month.

U.S. Dallas Fed Manufacturing Index (NOV) to fall to -17.0.

Tuesday (November 28)

Germany GfK Consumer Confidence Index (DEC) expected to rise to -26.

U.S. Conference Board Confidence Index (NOV) to dip to 102.1.

U.S. Richmond Fed Manufacturing Index (NOV) to drop to 2.

Wednesday (November 29)

New Zealand’s Central Bank is expected to keep key rate unchanged at 5.50%.

Australia Inflation Rate (OCT) to ease to 5.5% on year.

Germany Inflation Rate (NOV) expected to ease to 3.7% on year

U.S. GDP Growth Rate (3Q, 2nd Estimate) to accelerate to 4.9% on quarter.

Thursday (November 30)

Japan Industrial Production (OCT) expected to grow 0.2% on month.

Japan Retail Sales (OCT) to add 0.1% on month.

China Official Manufacturing PMI (NOV) to bounce to 49.9.

China Official Non-manufacturing PMI (NOV) to climb to 51.5.

Germany Retail Sales (OCT) to rise 0.4% on month.

Germany Unemployment Rate (NOV) should stay at 5.8%.

France Inflation Rate (NOV) may cool down to 3.8% on year

Eurozone Inflation Rate (NOV) expected to rise to 3.1% on year.

U.S. Core PCE Price Inflation (OCT) to slow further to 3.5% on year.

U.S. Personal Spending (OCT) to increase 0.4% on month.

U.S. Chicago PMI (NOV) may remain at 44.

Canada GDP Growth (3Q) may shrink 0.1% annualized on quarter.

Friday (December 1)

Japan Jobless Rate (OCT) expected to be stable at 2.6%.

China Caixin Manufacturing PMI (NOV) to climb to 49.8.

Canada Employment (NOV) to rise 20,000.

Canada Unemployment Rate (NOV) to tick up to 5.8%.

U.S. ISM Manufacturing PMI (NOV) to tick down to 46.5.

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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