🌐 The main events of the week are 20.11 - 24.11

today our financial analyst team has prepared a new review of upcoming events this week. These events can significantly affect the Forex market. Choose and follow the events that you think are most important.

 Last week, the US dollar weakened against major currencies. The dollar index (#DX) closes in the negative zone (-0.71%). An ambiguous economic report and a disagreement between the Senate and the House of Representatives on tax bill reforms put pressure on the US currency. Financial market participants expect additional drivers.

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For the upcoming trading week, we advise you to pay attention to the following macroeconomic events and reports.

 20.11 On Monday, attention will be focused on the ECB's chief speech, Draghi.
Economic report:

• Japanese trade balance at 01:50 (GMT + 2: 00);
• German producer price index at 9:00 am (GMT +2: 00).  21.11 On Tuesday, minutes of the Reserve Bank of Australia's latest meeting on monetary policy will be published in the Asian trading session at 2:30 am (GMT + 2 : 00).
  At 17:00 (GMT + 2: 00), we look forward to sales statistics on the secondary housing market in the US.
  We also advise you to pay attention to the Bank of England's chief speech, Carney. 22.11 On Wednesday, the attention of financial market participants will be focused on the publication of the FOMC protocol at 21:00 (GMT + 2: 00), which may be further indication of the rate of increase in the main Fed interest rate.
  We recommend following these statistics:
• Statistics of durable goods orders in the US at 15:30 (GMT + 2: 00);
• Consumer expectations index and sentiment from the University of Michigan at 17:00 (GMT + 2: 00);
• US crude oil inventories at 17:30 (GMT + 2: 00). This report can have a significant impact on commodity currencies;
• Retail sales statistics in the US at 23:45 (GMT + 2: 00) .23.11 On Thursday in the European trading session, a number of business activity indexes in Germany and the Euro region will be published respectively at 10:30 (GMT + 2:00) and at 11:00 (GMT + 2: 00).
  At 11:30 (GMT + 2: 00), the Office for National Statistics of the United Kingdom will publish revised GDP data for the third quarter.
  At 2:30 pm (GMT +2: 00), the minutes of the ECB's last meeting on monetary policy will emerge.
  We also recommend paying attention to retail sales reports in Canada at 15:30 (GMT + 2: 00).
  US and Japanese financial markets will be closed for holidays.  24.11News feed will be pretty calm on Friday. Investors will look for the following economic reports:
• IFO business climate index at 11:00 (GMT + 2: 00).
• Preliminary data on business activities in the US manufacturing and service sectors at 16:45 (GMT + 2: 00).
  The working days of the US financial markets will be shortened in connection with holidays.

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