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Market Opportunities : Week 21-11-2022 - 25-11-2022
USDIDX: Markit’s United States Services Purchasing Managers Index (PMI) report for November is a major event in the November 21 – 25 week. Markit will release the Services PMI on November 23. In case the Services PMI shows the US services sector contraction has slowed it will be bullish for the US Dollar index.
EURUSD: German Ifo Business Climate report is an important economic event for forex market. The report is due on November 24 and will be used to gauge investors’ confidence in the prospects of euro-zone's biggest economy in light of continuing Russia’s war on Ukraine. In case the business sentiment improvement is more than expected the EURUSD will get a bullish boost.
EURUSD: German Ifo Business Climate report is an important economic event for forex market. The report is due on November 24 and will be used to gauge investors’ confidence in the prospects of euro-zone's biggest economy in light of continuing Russia’s war on Ukraine. In case the business sentiment improvement is more than expected the EURUSD will get a bullish boost.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-11-22 | AUD | Reserve Bank of Australia (RBA) Governor Lowe Speech | ||
| 2022-11-22 | CAD | Canada Retail Sales m/m | -0.7% | 0.7% |
| 2022-11-22 | CAD | Canada Core Retail Sales m/m | -0.4% | 0.7% |
| 2022-11-23 | NZD | Reserve Bank of New Zealand Interest Rate Decision | 3.50% | |
| 2022-11-23 | NZD | Reserve Bank of New Zealand Press Conference | ||
| 2022-11-23 | USD | United States Core Durable Goods Orders m/m | ||
| 2022-11-23 | USD | United States New Home Sales | 0.641 M | 0.603 M |
| 2022-11-23 | USD | EIA United States Crude Oil Stocks Change | ||
| 2022-11-24 | KRW | Bank of Korea Interest Rate Decision | 3.00% | |
| 2022-11-24 | SEK | Sveriges Riksbank Interest Rate Decision | 1.75% | |
| 2022-11-24 | EUR | Ifo Germany Business Climate | 84.2 | 84.3 |
| 2022-11-24 | ZAR | South African Reserve Bank Interest Rate Decision | 6.25% | |
| 2022-11-25 | NZD | New Zealand Retail Sales q/q | -3.4% | -2.3% |
| 2022-11-25 | SGD | Singapore Gross Domestic Product (GDP) q/q | 1.5% | 1.5% |
| 2022-11-25 | EUR | Germany Gross Domestic Product (GDP) q/q | 0.3% | 0.3% |
| 2022-11-25 | MXN | Mexico Gross Domestic Product (GDP) q/q | 1.0% | 1.0% |
