TOP 3 MARKET EVENTS IN UPCOMING WEEK 15 NOVEMBER 2021

TOP 3 MARKET

U.K. Average Earnings Index +Bonus

 WHEN:                                                                WHAT IT INFLUENCES:

16 th NOVEMBER  2021                                            GBP and its subsequent

                                                                             pairs

WHAT’S HAPPENING:

The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. The Average Earnings figure gives us a good indication of personal income growth during the given month.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

U.S. Crude Oil Inventories

WHEN:                                                                 WHAT IT INFLUENCES:

17th NOVEMBER 2021                                         USD and its subsequent

                                                                             pairs

WHAT’S HAPPENING: 

The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.

If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.

Eurozone Consumer Price Index (CPI) YoY

WHEN:                                                               WHAT IT INFLUENCES:

17th NOVEMBER  2021                                        EUR and its subsequent

                                                                             pairs

WHAT’S HAPPENING: 

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

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