The US election outcomes have prompted traders to take a recent take a look at America’s AI sector, unleashing sharp strikes in each instructions throughout markets. Expectations for the Fed’s coverage path, nonetheless, have barely shifted, serving to the US greenback maintain its floor. Traders shall be combing by the minutes of the Fed’s October assembly this Wednesday as they fine-tune their buying and selling methods.
Market contributors may even be watching developments within the Center East and key financial knowledge releases from China, Canada, Australia, New Zealand, the UK, and the US over the approaching week (16.11.2026–22.11.2026).
Word: Through the coming week, new occasions could also be added to the calendar, and/or some scheduled occasions could also be canceled. GMT time.
The article covers the next topics:
Main Takeaways
- Monday: China’s industrial manufacturing and retail gross sales knowledge, Canadian CPI figures.
- Tuesday: Speech by the RBA governor, minutes of the RBA’s newest assembly, the RBNZ’s inflation expectations survey, UK labor market knowledge, US retail gross sales knowledge.
- Wednesday: UK CPI knowledge, minutes of the Fed’s newest assembly.
- Thursday: Australian labor market knowledge.
- Friday: UK retail gross sales knowledge.
- Sunday: New Zealand retail gross sales knowledge.
- Key occasion of the week: Minutes of the Fed’s October assembly.
Monday, November 16
02:00 – CNY: Industrial Manufacturing. Retail Gross sales
The Nationwide Bureau of Statistics of China’s report on industrial manufacturing exhibits the output of Chinese language industrial enterprises, corresponding to factories and manufacturing services. A rise in industrial manufacturing is a constructive issue for the yuan, not directly signaling the potential for accelerating inflation, which can power the Folks’s Financial institution of China to tighten financial coverage.
Conversely, the decline within the indicator worth could negatively influence the yuan.
Earlier values YoY: +5.5%, +5.2%, +4.5%, +5.3%, +4.5%, +6.3%, +6.5%, +5.2%, +5.7%, +6.8%, 5.8%, +6.1%, +7.7%, +5.9%, +6.2% in December 2024.
The retail gross sales index, printed month-to-month by the Nationwide Bureau of Statistics of China, gauges the change within the mixture worth of gross sales on the retail stage throughout the nation. The index is usually considered as an indicator of shopper confidence and financial prosperity and displays the state of the retail sector within the close to time period. A rise within the index worth is often constructive for the yuan, whereas a lower within the index worth will have an effect on it negatively. Earlier YoY values: +1.1%, +0.4%, +0.6%, +1.0%, -0.6%, +2.8%, +0.9%, +1.3%, +2.9%, +3.0%, +3.4%, +3.7%, +4.8%, +6.4%, +5.1%, +5.9%, +4.0%, +3.7% in December 2024.
Regardless of the slowdown within the earlier month, the info point out an ongoing restoration on this sector of the Chinese language economic system following the sharp decline in February–March 2020, albeit at a slower tempo. If the info show weaker than the forecasted or earlier values, the yuan could expertise a decline, doubtlessly a pointy one.
China is a significant purchaser of commodities and a provider of a variety of completed items to the worldwide commodity market. Since China’s economic system is the second largest on the planet, the discharge of its vital macroeconomic indicators can profoundly affect the general monetary market.
Apart from, China is the most important buying and selling associate of Australia and New Zealand, buying a major quantity of commodities from these nations.
Due to this fact, constructive macro statistics from China may additionally exert a constructive affect on these commodity currencies. Conversely, if the anticipated knowledge signifies a deceleration in one of many world’s largest economies, it will be a detrimental issue for international inventory markets and commodity currencies.
13:30 – CAD: Canada’s Shopper Worth Index
The Shopper Worth Index (CPI) displays the retail value traits of a particular basket of products and providers. In the meantime, the Core CPI excludes fruits, greens, gasoline, gasoline oil, pure fuel, mortgage curiosity, intercity transportation, and tobacco merchandise. The inflation goal for the Financial institution of Canada ranges between 1% and three%. A better CPI studying is an indication of a price hike and is constructive for the Canadian greenback.
Earlier values:
- CPI: +0.1% (+3.1% YoY), -0.1% (+3.0% YoY), +0.5% (+3.0% YoY), -0.4% (+2.8% YoY), +1.0% (+3.2% YoY), +0.4% (+2.8% YoY), +0.9% (+2.4% YoY), +0.5% (+1.8% YoY), 0% (+2.3% YoY) in January 2026, +0.1% (+2.4% YoY), +0.2% (+2.2% YoY), +0.1% (+2.4% YoY), -0.1% (+1.9% YoY), +0.3% (+1.7% YoY), +0.1% (+1.9% YoY), +0.6% (+1.7% YoY), -0.1% (+1.7% YoY) in April, +0.3% (+2.3% YoY) in March, +1.1% (+2.6% YoY) in February, +0.1% (+1.9% YoY) in January 2025, -0.4% (+1.8% YoY) in December 2024.
- Core CPI launched by the Financial institution of Canada: 0% (+2.2% YoY), +0.1% (+2.4% YoY), +0.2% (+2.3% YoY), +0.1% (+2.1% YoY), +0.6% (+2.2% YoY), +0.2% (+2.1% YoY), +0.2% (+2.5% YoY), +0.4% (+2.3% YoY), +0.2% (+2.6% YoY) in January 2026, +0.2% (+2.9% YoY), +0.6% (+2.9% YoY), +0.3% (+2.8% YoY), 0% (+2.6% YoY), +0.1% (+2.6% YoY), +0.1% (+2.7% YoY), +0.6% (+2.5% YoY), +0.5% (+2.5% YoY) in April, -0.2% (+2.2% YoY) in March, +0.7% (+2.7% YoY) in February, +0.4% (+2.1% YoY) in January 2025, +0.3% (+1.8% YoY) in December 2024.
The info counsel that average inflationary pressures persist, which is able to probably immediate the Financial institution of Canada to keep up a pause for now. If the anticipated knowledge is worse than the earlier values, it’ll negatively have an effect on the Canadian greenback, but when the info exceeds the earlier values, it’ll bolster the foreign money.
Tuesday, November 17
00:00 – AUD: Reserve Financial institution of Australia Governor Michele Bullock’s Speech
Michele Bullock will assess the present state of Australia’s economic system and description her division’s financial coverage. Market contributors anticipate her insights on the central financial institution’s insurance policies amid international recessionary traits, rising vitality costs brought on by the navy battle within the Center East, and elevated inflation ranges in Australia.
Any indicators concerning her plans to regulate the RBA’s financial coverage parameters will trigger a pointy surge within the Australian foreign money and inventory market volatility. If the Australian Central Financial institution Governor avoids discussing financial coverage, the market response shall be muted.
00:30 – AUD: Reserve Financial institution of Australia Assembly Minutes
The doc is printed two weeks after the assembly and the rate of interest choice. If the RBA is optimistic in regards to the nation’s labor market and GDP development price and is hawkish on the inflation outlook, the speed could also be elevated on the subsequent assembly, which is favorable for the Australian greenback. The financial institution’s dovish rhetoric on inflation, particularly, is placing stress on the Australian greenback.
In early November 2026, the RBA raised its coverage price by 25 foundation factors to 4.85%, in keeping with expectations, taking it to its highest stage since 2008. The transfer got here in response to an inflation surge fueled by a world oil shock stemming from the warfare within the Center East.
RBA Governor Michele Bullock struck a cautious tone, suggesting {that a} pause would enable the central financial institution to evaluate incoming knowledge. She additionally expressed uncertainty in regards to the route of the subsequent price transfer and pressured that financial coverage takes time to work by the economic system.
If the launched minutes comprise surprising info concerning the RBA’s financial coverage points, the volatility within the Australian greenback will enhance.
02:00 – NZD: Inflation Expectations of the Reserve Financial institution of New Zealand for This fall
The indicator measures customers’ expectations concerning annual inflation over the subsequent 24 months. A rise in these expectations can considerably affect the probability of an rate of interest hike. A excessive indicator worth is a constructive issue for the New Zealand greenback.
Earlier values QoQ: +2.34% in Q3, +2.53% in Q2, +2.37% in Q1 2026, +2.28% in This fall 2025, +2.28% in Q3 2025, +2.29% in Q2 2025, +2.06% in Q1 2025, +2.12% in This fall 2024, +2.03%, +2.33%, +2.50% in Q1 2024, +2.76%, +2.83%, +2.79%, +3.3%, +3.62% in This fall 2022.
07:00 – GBP: Common Weekly Earnings Over the Final Three Months. Unemployment Fee
The UK Workplace for Nationwide Statistics publishes a report on common weekly earnings overlaying the interval for the final three months, together with and excluding bonuses.
This report is a key short-term indicator of modifications within the common earnings of workers within the UK. A rise in wages is constructive for the British pound, whereas a low indicator worth is unfavorable. Forecast: The November report means that common earnings, together with bonuses, rose once more over the past three months (July–September) after gaining +3.7%, +3.9%, +4.1%, +4.4%, +4.4%, +4.4%, +3.9%, +4.1% in January 2026, and +4.2% in December 2025. Common earnings excluding bonuses elevated after posting +3.7%, +3.5%, +3.5%, +3.4%, +3.4%, +3.4%, +3.6%, and +3.8% in January 2026, and +4.1% in December 2025.
These figures present continued development in worker earnings ranges, which is favorable for the pound. If the figures transform higher than the forecast and/or earlier values, the foreign money will probably strengthen. If the info falls wanting expectations, the pound will probably weaken.
The UK unemployment knowledge shall be launched on the similar time. Unemployment is anticipated to face at 4.7% over the past three months (July–September), after 4.9%, 4.9%, 4.9%, 4.9%, 4.9%, 5.0%, 4.9%, and 5.2% in January 2026 and December 2025.
Since 2012, the UK unemployment price has fallen steadily from 8.0% in September 2012. The unemployment decline is a constructive issue for the pound, whereas its development negatively impacts the foreign money.
If the UK labor market knowledge seems to be worse than the forecast and/or the earlier worth, the pound shall be below stress.
Regardless, when the UK labor market knowledge is launched, the pound and the London Inventory Change are anticipated to expertise elevated volatility.
13:30 – USD: US Retail Gross sales. Retail Gross sales Management Group
This Census Bureau report on retail gross sales displays the entire gross sales of US retailers of all sizes and kinds. The change in retail gross sales is a key indicator of shopper spending. The report is a number one indicator, and the info could also be topic to vital revisions sooner or later. Excessive indicator readings strengthen the US greenback, whereas low readings weaken it. A relative decline within the indicator could have a short-term adverse influence on the US greenback, whereas an increase within the indicator will positively influence the foreign money.
In September 2026, the worth stood at +0.8% after +1.2%, -0.5%, +0.2%, +1.0%, +0.4%, +1.6%, +0.7%, 0%, 0% in December 2025, +0.5% in November, -0.2% in October, +0.1% in September, +0.5% in August, +0.6% in July, +1.0%, -0.8%, -0.2%, +1.7%, 0%, -0.8% in January 2025.
Retail gross sales are the primary indicator of shopper spending in the US, exhibiting the change within the retail trade.
Retail gross sales function an indicator of home consumption, contributing essentially the most to the US GDP and being one of many principal components influencing inflation. Deterioration of the indicator values is a adverse issue for the US greenback. Inflation deceleration could immediate the Fed to start the method of financial coverage easing.
The Retail Management Group indicator gauges quantity within the retail trade and is used to calculate value indexes for many items. Excessive readings strengthen the US greenback, whereas low readings weaken the foreign money. A slight enhance within the figures is unlikely to spice up the greenback. If the info is decrease than the earlier readings, the greenback could also be negatively impacted within the quick time period. Earlier values: +0.1%, +1.4%, -0.4%, +0.4%, +0.8%, +0.5%, +0.8%, +0.6%, +0.5%, 0%, +0.2%, +0.5%, -0.2%, +0.7%, +0.5%, +0.9%, +0.3%, 0%, +0.2%, +1.3%, -0.9% in January 2025.
Wednesday, November 18
07:00 – GBP: UK Shopper Worth Index. Core Shopper Worth Index
The Shopper Worth Index (CPI) measures the retail costs of a bunch of products and providers comprising the UK shopper basket. The CPI is a key indicator of inflation. The British pound’s motion on the foreign money market and the London Inventory Change FTSE 100 index efficiency depend upon the discharge of the CPI knowledge.
In September, the UK shopper inflation posted +0.4% (+3.5% YoY) after +0.5% (+3.1% YoY) in August, +0.3% (+2.6% YoY) in July, +0.1% (+2.6% YoY) in June, +0.2% (+2.8% YoY) in Could, +0.7% (+2.8%) in April, +0.7% (+3.3% YoY) in March, +0.4% (+3.0% YoY) in February, -0.5% (+3.0% YoY) in January 2026, +0.4% (+3.4% YoY) in December 2025, -0.2% (+3.2% YoY) in November, +0.4% (+3.6% YoY) in October, 0% (+3.8% YoY) in September, +0.3% (+3.8% YoY) in August, +0.1% (+3.8% YoY) in July, +0.3% (+3.6% YoY) in June, +0.2% (+3.4% YoY) in Could, +0.3% (+2.6% YoY) in March, +0.4% (+2.8% YoY) in February, +3.0% YoY in January 2025.
The info suggests persistent inflationary pressures within the UK, that are anticipated to bolster the British pound, notably if the precise knowledge surpasses the forecasted values.
An indicator studying under the forecast/earlier worth could trigger the weakening of the British pound since low inflation will power the Financial institution of England to stay to the free financial coverage course.
The Core CPI, printed by the Workplace for Nationwide Statistics, measures the value change in a particular basket of products and providers (excluding meals and vitality) over a given interval. It’s a key indicator for assessing inflation and modifications in shopper preferences. A constructive end result strengthens the British pound, whereas a adverse final result weakens it.
In September 2026, the core CPI posted +2.8% YoY after +2.6% in August, July, June, and Could, +2.5% in April, +3.1% in March, +3.2% in February, +3.1% in January 2026, +3.2% in December and November, +3.4% in October 3.5% in September, 3.6% in August, 3.8% in July, +3.7% in June, +3.5% in Could, +3.8% in April, +3.4% in March, +3.5% in February, +3.7% in January 2025. The publication will probably positively influence the British pound within the quick time period if it exceeds the forecast and former values. A studying under the forecast and/or earlier values could weaken the pound.
19:00 – USD: Federal Open Market Committee Assembly Minutes
The FOMC minutes launch is extraordinarily necessary for figuring out the course of the Fed’s present coverage and the prospects for US rate of interest hikes. Volatility in monetary markets often will increase throughout the minutes’ publication, as they typically reveal modifications or present clarifications from the newest FOMC assembly.
The Federal Reserve held rates of interest regular at its first assembly of 2026. In September, it raised its goal vary by 25 foundation factors to three.75%–4.00%, marking its first price hike in three years. Fed Chair Warsh mentioned inflation remained too excessive, whereas the dot plot indicated that 12 of the 18 FOMC contributors anticipated one other hike by year-end.
At its October assembly, the Fed stored the federal funds goal vary unchanged at 3.75%–4.00%, in keeping with market expectations.
Markets are pricing in a 75–85% likelihood of a price hike on the Fed’s December assembly. Traders will scrutinize the minutes for clues in regards to the probability of such a transfer. A dovish tone might carry inventory indices and weigh on the US greenback, whereas hawkish indicators in regards to the coverage outlook might strengthen the foreign money.
Thursday, November 19
00:30 – AUD: Employment Change. Unemployment Fee
The employment price displays the month-to-month change within the variety of employed Australian residents. A rise within the indicator worth positively impacts shopper spending, stimulating financial development. A excessive studying is constructive for the Australian greenback, whereas a low studying is adverse. Earlier indicator values: -39,300 in September, +39,500 in August, -15,900 in July, +80,200 in June, +38,200 in Could, -34,900 in April, +20,000 in March, +22,100 in February, +36,100 in January 2026, +57,300 in December 2025.
Apart from, the Australian Bureau of Statistics will publish a report on the unemployment price. It’s an indicator that estimates the ratio of the share of the unemployed inhabitants to the entire variety of working-age residents. The rise within the indicator readings demonstrates the weakening of the labor market, negatively impacting the nationwide economic system. A lower within the indicator is constructive for the Australian greenback.
Forecast: Unemployment in Australia remained at low ranges in October 2026 and stood at 4.7% towards 4.7% in September, 4.6% in August, 4.5% in July, 4.4% in June and Could, 4.5% in April, 4.3% in March and February, and 4.1% in January 2026 and December 2025, whereas the employment price has risen.
The Reserve Financial institution of Australia has repeatedly said that the Australian economic system and the central financial institution’s plans are influenced by key indicators like the extent of family debt and spending, wage development, and the state of the labor market, along with the worldwide commerce state of affairs. If the indicator readings are decrease than anticipated, the Australian greenback could decline considerably within the quick time period, whereas increased knowledge will strengthen the foreign money.
Friday, November 20
07:00 – GBP: UK Retail Gross sales
The retail gross sales financial indicator is a key metric that tracks the extent of shopper demand and considerably impacts market efficiency and the nationwide foreign money. Moreover, it serves as an oblique indicator of inflation, making it a key concern for a rustic’s central financial institution and market contributors.
The retail gross sales report is launched by the UK Workplace for Nationwide Statistics. The Retail Gross sales change is taken into account to point the patron spending stage. Excessive indicator values are constructive for the British pound, whereas low readings are adverse.
Earlier YoY values: +0.8%, +2.4%, +1.2%, +3.8%, +3.5%, +0.1%, +1.4%, +1.6%, +4.6% (in January 2026), +1.6% (in December 2025).
Sunday, November 22
21:45 – NZD: New Zealand’s Retail Gross sales in Q3
The retail gross sales knowledge is printed by Statistics New Zealand. Change in retail gross sales quantity is often thought-about an indicator of shopper spending. Sturdy retail gross sales are typically constructive for the New Zealand greenback, whereas weak figures weigh on the foreign money. In Q2 2026, the retail gross sales quantity indicator confirmed -0.5%, after +0.9% in Q1 2026 and This fall 2025, +1.9% in Q3, +0.7% in Q2, and +0.8% in Q1 2025, +1.0% in This fall 2024, 0% in Q3, -1.2% in Q2 2024, and +0.5% in Q1 2024. The decline in retail gross sales is bearish for the New Zealand greenback.
The New Zealand greenback could strengthen if knowledge exceeds the forecast or earlier values, whereas a weak report will adversely have an effect on the foreign money.
Worth chart of USDX in actual time mode
The content material of this text displays the writer’s opinion and doesn’t essentially replicate the official place of LiteFinance dealer. The fabric printed on this web page is offered for informational functions solely and shouldn’t be thought-about as the availability of funding recommendation for the needs of Directive 2014/65/EU.
In line with copyright legislation, this text is taken into account mental property, which features a prohibition on copying and distributing it with out consent.
