Your Weekly Economic Update for the Trading Week | 27.11.23

Welcome to your weekly Economic Update (w/c 27.11.23). Your go-to source for insights into the upcoming economic trends and events shaping the financial landscape. As we kick off the trading week, unravel the latest economic developments and pivotal events that could impact your trading decisions.

COMING SOON

This Week’s Key Economic Events:

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BOE Speeches – Tuesday 28th November, 12.30AM GMT (11.30AM AEDT)

Speeches from Bank of England (BOE) officials can influence market sentiment and provide clues about the central bank’s stance on monetary policy. Traders will be attentive to any comments regarding interest rates, inflation, and economic outlook.

RBA Speeches – Tuesday 28th November, 3.20AM GMT (2.20PM AEDT)

The Reserve Bank of Australia (RBA) speeches can provide insights into the central bank’s perspectives on economic conditions and monetary policy. Keep an eye out for any remarks from RBA officials regarding potential market impacts.

Australian CPI – Wednesday 29th November, 12.30AM GMT (11.30AM AEDT)

The Australian CPI release measures changes in the cost of a basket of consumer goods and services. It’s a crucial indicator for assessing inflationary pressures and can influence the Reserve Bank of Australia’s monetary policy decisions.

U.S. Gross Domestic Product (GDP) – Wednesday 29th November, 1.30PM GMT (Thursday 30th, 12.30AM AEDT)

The release of U.S. GDP data provides insights into the country’s overall economic performance. GDP figures are closely monitored as they reflect the growth or contraction of the economy.

BoE’s Governor Bailey Speech – Wednesday 29th November, 3PM GMT (Thursday 30th, 2AM AEDT)

Remarks from the Governor of the Bank of England, Andrew Bailey, can impact market sentiment and clarify the central bank’s policy direction. Traders will pay attention to any indications regarding interest rates and economic conditions.

U.S. PCE Price Index – Thurday 30th November, 1.30PM GMT (Friday 1st December, 12.30AM AEDT)

The Personal Consumption Expenditure (PCE) Price Index is a key measure of inflation in the United States. The Federal Reserve closely watches this indicator, making it a significant event for traders.

China Manufacturing PMI – Thurday 30th November, 1AM GMT (12PM AEDT)

The Manufacturing Purchasing Managers’ Index (PMI) for China is a crucial indicator of the country’s manufacturing sector health. It can offer insights into economic activity and global trade.

Canadian Employment Data – Friday 1st December, 1.30PM GMT (Saturday 2nd, 12.30AM AEDT)

The release of Canadian employment data, including figures such as the unemployment rate and job creation, provides insights into Canada’s labour market and overall economic conditions.

FED Speeches – Friday 1st December, 4PM GMT (Saturday 2nd, 3AM AEDT)

Speeches from Federal Reserve (FED) officials in the United States can significantly impact financial markets. Investors will closely monitor any hints or guidance on interest rates, inflation, and the overall economic outlook.

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Understanding the importance of keeping a close eye on economic events. The global economy is a dynamic ecosystem subject to various influences, ranging from geopolitical developments to corporate performance and consumer behaviour. Investors and market participants can better assess prevailing trends, sentiment, and potential market reactions by examining scheduled data releases and pivotal news items.

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