Prominent USD & EUR News Events Coming Up This Week

Significant events to watch:

-US (USD): U.S Consumer Price Index (CPI) YoY

-US (USD): U.S Initial Jobless Claims

-EU (EUR): Eurozone Consumer Price Index (CPI) YoY

US (USD): U.S Consumer Price Index (CPI) YoY – 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 USD, while a lower than expected reading should be taken as negative/bearish for the USD.

The previous reading was 3.7% better than the expected 3.6%. The next report is due on November 14, 13:30 GMT. Its forecast stands at 3.3%.

US (USD): U.S Initial Jobless Claims – Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

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

The previous reading was 217K worse than the expected 215K. The next report is due on November 16, 13:30 GMT. Its forecast stands at 222K.

EU (EUR): Eurozone Consumer Price Index (CPI) YoY – 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.

The previous actual data was 2.9 % – worse than the expected 3.1%. The upcoming report is due on November 17, 10:00 GMT and its forecast figure is also 2.9%.

Risers and Fallers

-Nasdaq  (+2.59%)

-Alphabet (+2.70%)

-Tesla (-4.36%)

-Crude oil (-4.4%)

Nasdaq 100 – The Nasdaq 100 surged by 2.59% in value last week, closing at almost 15,500. Note that the index has appreciated almost 15.7% in the previous 6 months.

Alphabet – Alphabet’s stock climbed by nearly 2.70% in the last 5 days. The stock has shown a notably positive performance this year, registering over 48% gains.

Tesla  – Tesla’s stock plunged previous week, showing more than 4% decrease last week. However, it has performed remarkably good this year, registering gains of almost 29% year-to-date.

Crude Oil (Brent) – Crude oil’s price depreciated by 4.4% during the previous week. Currently, the commodity is trading at $80.83 per barrel.

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