- Analytics
- Market Opportunities
Market Opportunities : Week 28-11-2022 - 02-12-2022
USDCNH: China’s Manufacturing Purchasing Managers Index report for November is an important event for forex markets due November 30. The performance of China’s economy is used as a gauge of the shape of global economy as China supplies manufactured goods to several countries of the world. The Chinese economy is experiencing restrictions as a result of state efforts to control COVID infection. There is a possibility the Manufacturing PMI report may show stronger performance than expected which will be bearish for USDCNH.
USDIDX: United States Nonfarm Payrolls report on December 2 is the key economic event of the November 28 – December 2 week. The November Nonfarm Payrolls will indicate whether the US labor market is still strong, supporting views Federal Reserve will implement a 75 basis point rate hike at next meeting of December 13 – 14. Strong non-farm payrolls report will be bullish for USDIDX.
USDIDX: United States Nonfarm Payrolls report on December 2 is the key economic event of the November 28 – December 2 week. The November Nonfarm Payrolls will indicate whether the US labor market is still strong, supporting views Federal Reserve will implement a 75 basis point rate hike at next meeting of December 13 – 14. Strong non-farm payrolls report will be bullish for USDIDX.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-11-28 | AUD | Australia Retail Sales m/m | 0.3% | 0.6% |
| 2022-11-29 | JPY | Japan Retail Sales m/m | -0.3% | 1.1% |
| 2022-11-29 | CHF | Switzerland Gross Domestic Product (GDP) q/q | -0.2% | 0.3% |
| 2022-11-29 | CAD | Canada Gross Domestic Product (GDP) m/m | 0.0% | 0.1% |
| 2022-11-29 | USD | The Conference Board United States Consumer Confidence Index | 105.2 | 102.5 |
| 2022-11-30 | CNY | China Manufacturing Purchasing Managers Index (PMI) | 49.3 | 49.2 |
| 2022-11-30 | CNY | China Non-Manufacturing Purchasing Managers Index (PMI) | 51.7 | 48.7 |
| 2022-11-30 | CNY | China Composite Purchasing Managers Index (PMI) | 49.0 | |
| 2022-11-30 | EUR | France Gross Domestic Product (GDP) q/q | 0.2% | 0.2% |
| 2022-11-30 | INR | India Gross Domestic Product (GDP) y/y | 2.6% | 13.5% |
| 2022-11-30 | USD | ADP United States Nonfarm Employment Change | 101 K | 239 K |
| 2022-11-30 | USD | United States Gross Domestic Product (GDP) q/q | 2.6% | 2.6% |
| 2022-11-30 | USD | United States JOLTS Job Openings | 10.349 M | 10.717 M |
| 2022-11-30 | USD | United States Pending Home Sales m/m | -0.4% | -10.2% |
| 2022-12-01 | KRW | South Korea Gross Domestic Product (GDP) q/q | 0.3% | 0.3% |
| 2022-12-01 | USD | ISM United States Manufacturing Purchasing Managers Index (PMI) | 50.5 | 50.2 |
| 2022-12-02 | AUD | Reserve Bank of Australia (RBA) Governor Lowe Speech | ||
| 2022-12-02 | CAD | Canada Employment Change | 6.0 K | 108.3 K |
| 2022-12-02 | USD | United States Nonfarm Payrolls | -30 K | 261 K |
