Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Economic Calendar | November 8 – 12


November, 08 2021
watermark Economic news

Monday, November 8


As usual, the beginning of the week is accompanied by the absence of any important economic publications. Attention should be paid only to the speeches of the heads of the US Federal Reserve and the Bank of England. 


Tuesday, November 9


The only thing that may arouse interest on Tuesday is the producer price index in the United States. It is expected to grow from 8.6% to 8.7%. And given the fact that producer prices, as a rule, are a leading indicator for inflation, their growth will mean a further rise in consumer prices.


And as we know, the growth of consumer prices, especially in conditions of high inflation, is an exceptionally negative factor. Therefore, a weakening of the US currency is not excluded on Tuesday. 


Wednesday, November 10


Inflation data in the United States is being published on Wednesday, which will be the main event of the whole week. Analysts predict that inflation should accelerate from 5.4% to 5.7%. Such statistics may further undermine the dollar's position, given the growing concerns about global inflation growth. 


At the same time, data on the number of applications for unemployment benefits, which are usually released on Thursdays, will be published on Wednesday. And if the number of initial appeals should decrease by only 5 thousand, then the number of repeated appeals may decrease by 54 thousand. And apparently, further improvement of the situation in the US labor market will somewhat mitigate the negative effects of rising inflation.


Thursday, November 11


Thursday starts with data on producer prices in Japan, the growth rate of which may accelerate from 6.3% to 7.0%. And this is rather a positive factor, since Japan is still teetering on the verge of a return to deflation. So the yen has a good growth potential. 


Unlike the pound, which will be under pressure due to GDP, the growth rate of which should slow down from 23.6% to 6.5%. Moreover, the growth rate of industrial production may slow down from 3.7% to 3.4%. These data demonstrate that the British economy is noticeably slowing down, which, of course, will negatively affect the positions of the British currency. 


Friday, November 12


The week will end with data on industrial production in the eurozone, the growth rate of which should slow down from 5.1% to 4.5%. Therefore, the trading week will end with the weakening of the single European currency. However, the scale of this decline will not be so significant.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.