This week’s FXGiants ECONOMIC EVENTS OUTLOOK:

Monday 14th November

– 10:00 GMT, Eurozone: Industrial production, for September: Usually not a major market mover.

– 15:00 GMT, Eurozone: ECB President Mario Draghi speaks.

– 18:00 GMT, Eurozone: ECB Executive Board member Peter Praet speaks.

Tuesday 15th November

– 09:30 GMT, UK: CPI, for October: Further rise in the UK’s CPI rate could extend the pound’s recent gains.

– 12:30 GMT, US: Retail sales: The core rate is forecast to have ticked down, but as both rates are expected to remain at very healthy levels, this could support USD.

Wednesday 16th November

– 09:30 GMT, UK: Unemployment rate & Average weekly earnings, for September: We see the risks surrounding the unemployment rate forecast as skewed to the downside, perhaps for a slight decline.

If so, this could support GBP.

Thursday 17th November

– 09:30 GMT, UK: Retail sales ex. Autos, for October: The forecast is supported by rising consumer sentiment indices in October. This could add to the pound’s latest gains.

– 12:30 GMT, US: CPI, for October: Any acceleration in price pressures is likely to enhance the case for the Fed to press the hike button in December and may add further fuel to the USD rally.

Friday 18th November

– 12:30 GMT, Canada: CPI, for October: An increase in the CPI rate may lower the odds for any more easing by the BoC and reverse some of CAD’s recent losses.