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Watch out for the top economic events due this week

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Watch out for the top economic events due this week - forexspacex.com

Trading economic events should be a part of a trader’s strategy as trading a planned event yield a better return on investment. In this article we are listing down the top economic events due this week, one must consider before taking a new position.

OrderDateEconomic EventImpact on Currency Pair
 MONDAY, NOVEMBER 14FDI – Foreign Direct Investment Report from the Ministry of Commerce of China  
The Ministry of Commerce of the People’s Republic of China will be reporting the total investments made by foreign enterprises and organizations in China. If the Report exceeds the previous reading, then this will be seen as bullish for CNY and if the report comes lower than the previous reading then this will be seen as bearish for CNY.
USD/CNY
 MONDAY, NOVEMBER 14ECB’s Member Fabio Panetta’s speech  
The European central bank’s executive board member, Fabio Panetta Will be giving a speech, delivering some insights into the upcoming plans of the ECB to tackle inflation in the eurozone.
EUR/USD   EUR/JPY   EUR/GBP  
 MONDAY, NOVEMBER 14Industrial Production data from Eurostat  
Eurostat will be reporting the volume of production of industries in eurozone. this includes the production data from factories and manufacturing plants. If the Report exceeds the previous reading, then this will be seen as bullish for EUR and if the report comes lower than the previous reading then this will be seen as bearish for EUR.
EUR/USD EUR/JPY EUR/GBP  
 MONDAY, NOVEMBER 14Gross Domestic Product of Japan for the third quarter from Japanese Cabinet Office  
Japanese Cabinet Office will be reporting the GDP data for the third quarter. The GDP data is the measure of the total value of all the goods and services produced in a country and has a significant impact on the domestic currency.
USD/JPY EUR/JPY
 TUESDAY, NOVEMBER 15  Reserve Bank of Australia (RBA) Meeting Minutes
The Reserve Bank of Australia we’ll be releasing the meeting minutes for the month of October which will provide a record of the decisions made by the board members.
AUD/USD
 TUESDAY, NOVEMBER 15Retail sales data of China
The National Bureau of Statistics of China will provide the measure of the changes in the volume and value of finished goods by retail businesses in the People’s Republic of China. If the Report exceeds the previous reading, then this will be seen as bullish for CNY and if the report comes lower than the previous reading then this will be seen as bearish for CNY. Analysts at the trade world market expect China retail sales to decline in the month of October.
USD/CNY
 TUESDAY, NOVEMBER 15Claimant Count Change from the Office for National Statistics & ILO Unemployment Rate Data Report
The Claimant Count Change data are based on the actual number of people claiming job seekers allowance in Great Britain. This is an indirect measure of unemployment in the region. If the Report exceeds the previous reading, then this will be seen as bearish for GBP and if the report comes lower than the previous reading then this will be seen as bullish for GBP.
GBP/USD
 WEDNESDAY, NOVEMBER 16Consumer Price Index of Britain
The office for National Statistics will be reporting the consumer price index data of October month. The CPI Data is a measure of the average change over the month in the prices paid by consumers for goods and services. If the Report exceeds the previous reading, then this will be seen as bullish for GBP and if the report comes lower than the previous reading then this will be seen as bearish for GBP.
GBP/USD
 WEDNESDAY, NOVEMBER 16US Retail Sales Data  
US Census Bureau will be reporting the retail sales data which is considered a major economic indicator by financial analysts. This data is the measure of the changes in the volume and value of finished goods by retail businesses in the United States.
USD/JPY, USD/INR, USD/JPY
 THURSDAY, NOVEMBER 17Australian unemployment rate
The Australian Bureau of Statistics will be reporting the unemployment rate in Australia which is the total number of unemployed workers and the labor force.
AUD/USD  


Disclaimer

Forex trading can be extremely risky and should only be done in the presence of an expert. We do not recommend any currency pairs or options to buy or sell to our readers. Forecasts or articles available on this website do not constitute investment advice and are only for general information. Kindly consult with a professional financial advisor before using the information on this website for trading or investing.

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