Weekly Economic & Political Timeline - 19 November 2017

This week will see a heavier yet still relatively light news agenda, with the key items coming as Central Bank input for the U.S. and Australian Dollars and the British Pound, as well as the Euro to a lesser extent.

The market will probably be most active on Wednesday.

It is a public holiday in both the U.S.A. and in Japan on Thursday.

 

U.S. Dollar

It will be a reasonably busy week for the greenback, yet it all takes place on one day, Wednesday, with the release of Core Durable Goods Orders and Unemployment Claims data, as well as Crude Oil Inventories and the FOMC Meeting Minutes. On Wednesday we will get CPI and Retail Sales numbers. Thursday brings a release of Unemployment Claims numbers. Finally, Friday will see the release of Building Permits data.

 

British Pound

It will be a very important week for the Pound, starting on Tuesday with Inflation Report Hearings which include Central Bank testimony. Wednesday sees the release of the Government’s Autumn Forecast Statement, followed on Friday by the Second Estimate GDP.

 

Australian Dollar

It will be a quiet but important week for the Aussie, all taking place on Tuesday with the release of the RBA’s Monetary Policy Meeting Minutes. Later that day, the Governor of the RBA will be speaking.

 

Euro

The President of the ECB will testify before the European Parliament on Monday.

 

Canadian Dollar

It will be a quiet week for the Loonie, with nothing due except a release of Core Retail Sales data on Friday.

 

New Zealand Dollar

It will be a quiet week for the Kiwi, with nothing due except a release of Retail Sales data on Wednesday.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.