Market Overview

Week's main events Week's main events (November 13– November 17)

2023.11.13
Investors' attention this week is focused on inflation data from leading economies
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Recovery conditions are forming for oil. Powell's hawkish comments pressured the broad market

2023.11.10
US weekly jobless claims unexpectedly fell by 3,000 to 217,000, matching expectations of 218,000.
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China is once again facing disinflation problems. BoE head pointed to the bank's "dovish" stance

2023.11.09
The US economic news on Wednesday was favorable for the dollar as wholesale sales for September rose by 2.2% m/m, which exceeded expectations of 0.9% and was the largest increase in 20 months. Meanwhi...
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Weak economic data weakens energy demand. The Bank of England is thinking about cutting rates next year

2023.11.08
The comments from Fed officials on Tuesday eased speculation that the Fed had stopped raising interest rates and proved bullish for the dollar.
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The RBA expectedly raised the rate by 0.25%. OPEC+ countries will maintain crude oil production cuts until the end of the year

2023.11.07
On Monday, optimistic comments from Fed Vice Chair Brainard were favorable for stocks when she said the economy is performing exceptionally well and is near the point of sustained growth, with most fo...
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The Bank of Japan is once again adopting a more dovish bias. The Reserve Bank of Australia is preparing to raise the rate

2023.11.06
The US unemployment report released on Friday showed weaker-than-expected labor market dynamics.
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Week's main events Week's main events (November 06– November 10)

2023.11.06
Investors' attention this week is focused on the RBA rate decision and UK GDP data
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Germany's unemployment rate is on the rise. SNB has reached its inflation target

2023.11.03
Thursday's economic news out of the US was primarily dovish for Fed policy and bearish for the dollar.
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Today, the focus of traders' attention is on the Bank of England's monetary policy meeting.

2023.11.02
Currently, markets are pricing a 19% chance of a 25 bps rate hike at the next FOMC meeting on December 12-13 and a 27% chance of a 25 bps rate hike at the January 30-31, 2024 FOMC meeting.
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