Monday, November 20 Apparently, we are going to have a rather monotonous and boring week. Apart from the fact that only a small amount of macroeconomic data will be published, this week only the first three days will be fully operational. The fact is that further holidays begin in the USA, and market activity without the participation of American traders will traditionally fall to a minimum. And Monday itself is completely empty for any publications. Tuesday, November 21 The only thing worth paying attention to on Tuesday is inflation in Canada. Experts expect it to slow down from 3.8% to 3.3%, which may weaken the Canadian dollar. Wednesday, November 22 On Wednesday, the macroeconomic calendar is almost empty. Only orders for durable goods in the USA will attract attention. The volume of orders is expected to decrease by 2.8%, which is quite a significant reduction. This may indicate a decline in consumer activity – an important factor in economic growth – and is likely to put pressure on the dollar. Thursday, November 23 On Thursday, preliminary data on business activity indices for many countries will be published. However, this event will be ignored due to the celebration of Thanksgiving in the United States and closed markets. Friday, November 24 Friday will not differ much from Thursday: in the US, there is a shortened working day and an almost empty macroeconomic calendar. The only activity may occur during the Asian session – after the publication of inflation data in Japan. However, the change in inflation from 3.0% to 3.2% is unlikely to affect the market, since Japanese statistics are often ignored due to the lack of reaction from the Bank of Japan.
