{"id":7585,"date":"2023-11-20T09:43:42","date_gmt":"2023-11-20T09:43:42","guid":{"rendered":"https:\/\/justmarkets.eu\/uncategorized-pt\/weekly-overview-2023-11-20-6\/"},"modified":"2023-11-20T09:43:42","modified_gmt":"2023-11-20T09:43:42","slug":"weekly-overview-2023-11-20-6","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pt\/uncategorized\/weekly-overview-2023-11-20-6\/","title":{"rendered":"Week&#8217;s main events (November 20 &#8211; November 24)"},"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 20 &#8211; November 24)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n    <p class=\"ag-analytics_text\">\r\nThis holiday week&#8217;s main event will be the November minutes of the US Federal Reserve meeting. Recent signs of falling inflation have fueled hopes that the US central bank has ended its tightening cycle, and investors will be studying the minutes for clues as to where policymakers are leaning at future meetings. Traders&#8217; interest will also be piqued by the UK&#8217;s autumn budget and Canada&#8217;s Consumer Price Index. Japan will present its October consumer price index, and the Bank of Sweden will hold monetary policy meetings. At the end of the week, on Sunday, there will be a meeting of OPEC+ countries, where new production norms will be presented, so leaving positions before the weekend will be a very risky decision.\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;20\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nChina will update its key lending rates on Monday. No surprises are expected, but there is a slight possibility of a rate cut to stimulate economic growth as well as to stoke inflation, which has moved into deflation territory. Some analysts believe that an injection of CNY&#160;1.45 trillion (~$200 billion) by the People&#8217;s Bank of China is equivalent to a 25 bps cut in reserve requirements.\r\n  <\/div>\r\n\r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\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 China PBoC Loan Prime Rate (m\/m) at&#160;03:15&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 German Producer Price Index (m\/m) at&#160;09:00&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 UK BoE Gov Andrew Bailey\u2019s Speech at&#160;20:45&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 New Zealand Trade Balance at&#160;23:45&#160;(GMT+2).\r\n    <\/li>\r\n     \r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday,&#160;November&#160;21\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Tuesday, Canada&#8217;s inflation data will be released. Analysts are predicting further easing of inflationary pressures. The Bank of Canada attaches great importance to the core trimmed and median core indicators and will express concern about the lack of progress. On the other hand, a drop in the CPI may cause a sell-off in the Canadian currency. Also, on Tuesday, the FOMC minutes from the November 1 meeting will be released. This time, the minutes are published on Tuesday due to the US Thanksgiving Day on Thursday. Most likely, the minutes will not show anything new but will only strengthen investors&#8217; confidence that the US Federal Reserve will not raise rates again.\r\n\r\n  <\/div>\r\n\r\n\r\n\r\n\r\n   <div class=\"ag-analytics_title\">\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 RBA Bullock Speech at&#160;01:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia RBA Meeting Minutes at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland Trade Balance at&#160;09:00&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 Hong Kong Inflation Rate at&#160;10:30&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 Canada Consumer 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 Existing 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 at&#160;18:00&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 US FOMC Meeting Minutes at&#160;21:00&#160;(GMT+2).\r\n    <\/li>\r\n    \r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, November &#160;22\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Wednesday, a bunch of data will be released in various countries. Traders may be interested in the UK budget, which may give some confidence to the British pound. The highlights will be figures on US Durable Goods Orders and Singapore&#8217;s GDP for the quarter. There will also be two important reports on crude oil and natural gas reserves.\r\n\r\n  <\/div>\r\n\r\n\r\n\r\n\r\n <div class=\"ag-analytics_title\">\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 Singapore GDP (q\/q) at&#160;02:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia RBA Bullock Speech at&#160;10:35&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB Financial Stability Review at&#160;11:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 UK Monetary Policy Report Hearings at&#160;12:15&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 UK Autumn Statement at&#160;14:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Durable Goods Orders (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 US Michigan Consumer Sentiment (m\/m) at&#160;17:00&#160;(GMT+2);\r\n\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 Canada BOC Gov Macklem Speaks at&#160;18:45&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Natural Gas Storage (w\/w) at&#160;19:00&#160;(GMT+2).\r\n    <\/li>\r\n    \r\n    \r\n  \r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, November 23\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe Eurozone ECB Monetary Policy Meeting Accounts will be the center of attention on Thursday. Recent comments from ECB officials have shown a strong divergence of opinion on the next steps, so this report will give a more complete picture of where the majority is looking. Also worth watching on Thursday is the PMI data for the manufacturing and services sectors. These are indicators that help gauge the health of the economy, especially at a time of high interest rates. It would not be unreasonable to watch the actions of the Swedish Central Bank, which may raise interest rates again. It\u2019s a bank holiday in Japan&#160;(Labor Thanksgiving Day) and in the United States&#160;(Thanksgiving Day).\r\n\r\n  <\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n <div class=\"ag-analytics_title\">\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 Manufacturing PMI (m\/m) at&#160;00:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Services PMI (m\/m) at&#160;00:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Singapore Consumer Price Index (m\/m) at&#160;07:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Germany Manufacturing PMI (m\/m) at&#160;10:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Germany Services PMI (m\/m) at&#160;10:30&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Sweden Riksbank Rate Decision (m\/m) at&#160;10:30&#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 Eurozone Services 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 UK Services PMI (m\/m) at&#160;11:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB Monetary Policy Meeting Accounts at&#160;14:30&#160;(GMT+2);\r\n    <\/li>\r\n        <li class=\"ag-analytics_item\">\r\n\u2013 New Zealand Retail Sales (q\/q) at&#160;23:45&#160;(GMT+2).\r\n    <\/li> \r\n  \r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, November 24\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Friday, investors&#8217; focus will be on Japan&#8217;s inflation data. Tokyo Consumer Price Index, which was presented on October&#160;27, showed an increase in inflation. Given that the Tokyo CPI is a leading indicator, it is expected that the overall inflation rate will also show an increase in prices. Rising inflationary pressures are positive for the yen, but as Bank of Japan Governor Ueda places more importance on wages, the yen&#8217;s reaction may be limited. Also worth watching on Friday are the final German GDP data for the last quarter, as well as ECB President Christine Lagarde&#8217;s speech at an event in Frankfurt.\r\n  <\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\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 National Core CPI at&#160;01:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Manufacturing PMI (m\/m) at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Services PMI (m\/m) at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n        <li class=\"ag-analytics_item\">\r\n\u2013 German GDP (q\/q) at&#160;09:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Ifo Business Climate (m\/m) at&#160;11:00&#160;(GMT+2);\r\n\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone ECB President Lagarde Speaks at&#160;11:00&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Canada Retail Sales (m\/m) at&#160;15:30&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US Manufacturing PMI (m\/m) at&#160;16:45&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 US Services PMI (m\/m) at&#160;16:45&#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\">2023.11.20<\/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\/pt\/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 20 &#8211; November 24) This holiday week&#8217;s main event will be the November minutes of the US Federal Reserve meeting. Recent signs of falling inflation have fueled hopes that the US central bank has ended its tightening cycle, and investors will be studying the minutes for &#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7585","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\/pt\/wp-json\/wp\/v2\/posts\/7585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/comments?post=7585"}],"version-history":[{"count":0,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/7585\/revisions"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/media?parent=7585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/categories?post=7585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/tags?post=7585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}