In the following text, we’ll break down some of the most significant economic events on the horizon. Don’t worry if you’re not well-versed in economics; we’re going to explain the significance of each event in a straightforward and clear manner, so you can understand how they might personally affect you and the economy at large.
Tuesday, November 14, 2023
- 09:30 USD Core CPI (MoM) (Oct): The Consumer Price Index excluding food and energy is a key measure of inflation and can influence the Federal Reserve’s monetary policy decisions.
- 09:30 USD CPI (YoY) (Oct): The annual CPI is another critical inflation indicator that affects the currency and can give clues about future interest rate movements.
- 09:30 USD CPI (MoM) (Oct): The monthly change in CPI is also closely watched by markets to assess short-term inflationary pressure.
- 19:50 JPY GDP (QoQ) (Q3): Japan’s Gross Domestic Product indicates the health of the economy and can affect the value of the yen and economic policy decisions.
Wednesday, November 15, 2023
- 03:00 GBP CPI (YoY) (Oct): The UK inflation rate is crucial for the British pound and can influence the Bank of England’s interest rate decisions.
- 09:30 USD Core Retail Sales (MoM) (Oct): Retail sales excluding automobiles are an indicator of consumer confidence and spending, which can signal the economy’s direction.
- 09:30 USD PPI (MoM) (Oct): The Producer Price Index measures the change in producers’ sale prices and is another indicator of inflation.
- 09:30 USD Retail Sales (MoM) (Oct): Total retail sales are an early indicator of consumption health, a major component of GDP.
Thursday, November 16, 2023
- 09:30 USD Philadelphia Fed Manufacturing Index (Nov): This index can be a leading indicator of the health of the manufacturing sector and can influence economic expectations.
Friday, November 17, 2023
- 06:00 EUR CPI (YoY) (Oct): Eurozone inflation is important for the euro and the European Central Bank’s decisions.
- 09:30 USD Building Permits (Oct): Building permits are an indicator of future demand in the housing sector and can impact the stock market and the dollar.
These events are closely monitored by investors and analysts as they can cause volatility in the forex, stock, and bond markets, and provide insight into the future direction of economies and monetary policies.
