{"id":6180,"date":"2023-11-27T07:20:40","date_gmt":"2023-11-27T07:20:40","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=6180"},"modified":"2023-11-27T07:20:40","modified_gmt":"2023-11-27T07:20:40","slug":"weekly-overview-2023-11-27-2","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/it\/uncategorized\/weekly-overview-2023-11-27-2\/","title":{"rendered":"Week&#8217;s main events (November 27 &#8211; December 01)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (November 27 &#8211; December 01)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n    <p class=\"ag-analytics_text\">\r\nThe Reserve Bank of New Zealand will meet on Wednesday, where the official monetary rate is expected to be kept at&#160;5.5%. The OPEC+ group surprised the market last Wednesday by postponing its scheduled November&#160;26 meeting until November 30 after producers failed to reach a consensus on production levels. This increased interest in the current OPEC+ meeting, where oil production cuts will be discussed. Thursday&#8217;s US PCE inflation report is likely to bolster the case for the Federal Reserve to stop raising rates. Also, this week, inflation data will be released in the Eurozone, which is expected to indicate that price pressures eased again in November. However, despite signs of slowing inflation, the minutes of the ECB&#8217;s most recent meeting last Thursday showed that officials believe they should be prepared to raise rates again if necessary. There will also be many speeches this week by central bank officials that are worth watching closely.\r\n  <\/p>\r\n\r\n\r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, November&#160;27\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nUsually, Monday is an ordinary trading day with low volatility, but this week may start very actively after the holidays in the United States. Monday&#8217;s main events will be speeches by central bank officials.\r\n\r\n  <\/div>\r\n\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Building Permits (m\/m) at&#160;15:00&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US New Home Sales (m\/m) at&#160;17:00&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB President Lagarde Speaks (m\/m) at&#160;16:00&#160;(GMT+2).\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday,&#160;November&#160;28\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe main event on Tuesday will be the Australian retail sales data. At its last meeting, the RBA raised the interest rate by&#160;0.25% after a long pause and strong retail sales data may support the RBA&#8217;s hawkishness. Among the other events, it is worth paying attention to the speeches of central bank officials.\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Retail Sales (m\/m) at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan BoJ Core CPI (m\/m) at 07:00 (GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US CB Consumer Confidence (m\/m) at&#160;17:00&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 US FOMC Member Bowman Speaks at&#160;17:45&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB President Lagarde Speaks (m\/m) at&#160;18:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US FOMC Member Barr Speaks at&#160;20:05&#160;(GMT+2).\r\n   \r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, November &#160;29\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nA lot of important news is expected on Wednesday. The main event will be the RBNZ meeting, where policymakers are expected to keep the interest rate at&#160;5.5%. Although inflation in New Zealand remains one of the highest among developed economies, the tightening of monetary policy is contributing to the slowdown in the economy. Investor interest should also be focused on inflation data from Australia and Germany. In Australia, inflationary pressures are expected to fall from&#160;5.6% to&#160;5.2% year-on-year, while in the key EU economy, Germany, consumer prices are expected to fall from&#160;3.8% to&#160;3.5% year-on-year. Wednesday will also see the release of preliminary US GDP data for the quarter. Strong data is expected here, which may give support to the US currency.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Consumer Price Index (m\/m) at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 RBNZ Interest Rate Decision at&#160;03:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 RBNZ Monetary Policy Statement at&#160;03:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 RBNZ Press Conference at&#160;04:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Consumer Price Index (m\/m) at&#160;15:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US GDP (q\/q) at 15:30 (GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US Crude Oil Reserves (w\/w) at&#160;17:30&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 US FOMC Member Mester Speaks at&#160;20:45&#160;(GMT+2).\r\n    <\/li>\r\n   \r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, November 30\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThursday will bring various statistics for many countries. The main event will be the OPEC+ meeting. The postponement of the meeting from November&#160;26 to November&#160;30 provoked rumors that disagreements are growing within the alliance over the need for additional production cuts. Therefore, any surprises in the form of further price cuts could lead to a resumption of the oil rally. Traders should also pay attention to the PCE Price Index, which for the Fed is a more important indicator of inflation than the consumer price index. The decline in the index is likely to increase the likelihood that the US Federal Reserve has ended its tightening cycle and has taken a position of holding rates until late spring&#160;2024. Also, on Thursday, inflation data will be released in the Eurozone. Core inflation is expected to continue to decline. However, despite signs of slowing inflation, European Central Bank President Christine Lagarde has warned that borrowing costs should remain restrictive for a long time to come. China will release its official supply managers&#8217; indices for November on Thursday, and investors will be watching for any signs of recovery in the world&#8217;s second-largest economy.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\nJapan Retail Sales (m\/m) at&#160;01:50&#160;(GMT+2);   \r\n<\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Industrial Production (m\/m) at&#160;01:50&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 China Manufacturing PMI (m\/m) at&#160;03:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 China Non-Manufacturing PMI (m\/m) at&#160;03:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Retail Sales (m\/m) at&#160;09:00&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland Retail Sales (m\/m) at&#160;09:30&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland KOF Leading Indicators (m\/m) at&#160;10:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Unemployment Rate (m\/m) at&#160;10:55&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 OPEC+ meeting at&#160;12:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Consumer Price Index (m\/m) at&#160;12:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US PCE Price index (m\/m) at&#160;15:30&#160;(GMT+2);\r\n    <\/li>\r\n        <li class=\"ag-analytics_item\">\r\n\u2013 US Initial Jobless Claims (w\/w) at&#160;15:30&#160;(GMT+2);\r\n    <\/li> \r\n  <li class=\"ag-analytics_item\">\r\n  \u2013 Canada GDP (q\/q) at&#160;15:30&#160;(GMT+2);\r\n<\/li>\r\n  <li class=\"ag-analytics_item\">\r\n  \u2013 Eurozone ECB President Lagarde Speaks (m\/m) at&#160;15:30&#160;(GMT+2);\r\n<\/li>\r\n  <li class=\"ag-analytics_item\">\r\n  \u2013 US FOMC Member Williams Speaks at&#160;16:05&#160;(GMT+2);\r\n<\/li>\r\n  <li class=\"ag-analytics_item\">\r\n  \u2013 US Chicago PMI (m\/m) at&#160;16:45&#160;(GMT+2);\r\n<\/li>\r\n  <li class=\"ag-analytics_item\">\r\n  \u2013 US Pending Home Sales (m\/m) at&#160;17:00&#160;(GMT+2);\r\n<\/li>\r\n  <li class=\"ag-analytics_item\">\r\n  \u2013 US Natural Gas Storage (w\/w) at&#160;17:30&#160;(GMT+2).\r\n<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, December&#160;01\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Friday, data on business activity in the manufacturing sector will be released for many countries. This data shows the health of the economy. So far, all countries are in contraction territory&#160;(below&#160;50), but there is a tendency to recover. Any surprise in the form of faster growth in the sector could support the national currency. The end of the trading week will dilute Jerome Powell&#8217;s speech, which may affect the quotations of the dollar and US indices.\r\n\r\n  <\/div>\r\n\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Unemployment Rate (m\/m) at&#160;01:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland GDP (q\/q) at&#160;10:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Manufacturing PMI (m\/m) at&#160;10:55&#160;(GMT+2);\r\n    <\/li>\r\n        <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Manufacturing PMI (m\/m) at&#160;11:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 UK Manufacturing PMI (m\/m) at&#160;11:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Canada Unemployment Rate (m\/m) at&#160;15:30&#160;(GMT+2).\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Canada Manufacturing PMI (m\/m) at&#160;16:30&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US ISM Manufacturing PMI (m\/m) at&#160;17:00&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US Fed Chair Powell Speaks at&#160;18:00&#160;(GMT+2).\r\n    <\/li>\r\n  <\/ul>\r\n\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2023.11.27<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/it\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (November 27 &#8211; December 01) The Reserve Bank of New Zealand will meet on Wednesday, where the official monetary rate is expected to be kept at&#160;5.5%. The OPEC+ group surprised the market last Wednesday by postponing its scheduled November&#160;26 meeting until November 30 after producers failed to &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6180","post","type-post","status-publish","format-standard","hentry"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/6180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/comments?post=6180"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/6180\/revisions"}],"predecessor-version":[{"id":6181,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/6180\/revisions\/6181"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/media?parent=6180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/categories?post=6180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/tags?post=6180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}