ExnessOfficial
Exness Representative
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This weekly data preview examines USOIL and XAUUSD. The primary drivers in the markets for the near short term are the economic data releases scheduled for later this week.
Flash European GDP and inflation rate data will be released at 10:00 AM GMT. GDP growth is expected to drop to 0.2% from the previous reading of 0.5%. Concurrently, the inflation rate is projected to decrease to 3.2% from 4.3% in September.
NBS manufacturing PMI, scheduled for 01:30 AM GMT, is anticipated to remain stable at 50.2 points. NBS primarily focuses on large state-owned firms, which generally surpasses the Caixin version in size. If accurate, this data would suggest that manufacturing at state-owned firms is expanding. This could influence production-related instruments like oil, silver, and copper.
Follow this link for the rest of the week : https://bit.ly/3ZjNVsO
Tuesday:
The Bank of Japan's interest rate decision is at 03:00 AM GMT. The market consensus predicts the central bank will maintain interest rates at -0.1%, with no major surprises anticipated.Flash European GDP and inflation rate data will be released at 10:00 AM GMT. GDP growth is expected to drop to 0.2% from the previous reading of 0.5%. Concurrently, the inflation rate is projected to decrease to 3.2% from 4.3% in September.
NBS manufacturing PMI, scheduled for 01:30 AM GMT, is anticipated to remain stable at 50.2 points. NBS primarily focuses on large state-owned firms, which generally surpasses the Caixin version in size. If accurate, this data would suggest that manufacturing at state-owned firms is expanding. This could influence production-related instruments like oil, silver, and copper.
Follow this link for the rest of the week : https://bit.ly/3ZjNVsO
