Week 51 data: Oil and Gold


Exness Representative
This preview of weekly data looks at USOIL and XAUUSD, where economic data coming up later this week are the main drivers in the markets for the near-term outlook. The most important economic data for this week are:


BoJ Interest rate decision at 03:00 AM GMT. The market consensus is that the rates will remain static at -0.1%. In the unlikely scenario of any shift from this figure, there will most certainly be volatility in the yen pairs.

EA Inflation rate at 10:00 AM GMT, where the expectations for the core figure are a drop from 4.2% to 3.6%. If these expectations are confirmed, it might create some minor losses for the Euro against major currencies traded against, like the Dollar and the British pound.

Canadian Inflation rate at 13:30 GMT. The anticipation here is for a decline of around 0.2%, reaching the figure of 2.9%. In the event of these anticipations becoming reality, then the loonie might see some short-term losses against its pairs.

US building permits preliminary data for the month of November at 13:30 GMT. The figure is broadly expected to decline to 1.47 million against the previous reading of 1.498 million. This might affect the future of interest rates since they directly affect the housing market.

Follow this link for the rest of the week : https://bit.ly/3ZjNVsO


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