Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.

These events can significantly affect the Forex market. Choose and track the ones that are most important to you.

Last week, the US dollar continued to lose ground relative to the majors. The dollar index (#DX) closed in the negative zone (-0.92%). The FOMC protocols indicated that some Fed’s officials are concerned about the low inflation. Additional pressure on the American currency was put by ambiguous economic reports. The Central Bank is planning to assess the new economic data before determining the further rate of tightening the monetary policy.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

November 27th, Monday

On Monday, the news background will be fairly calm.

The attention of participants of financial markets will be focused on the statistics on the real estate market in the US at 17:00 (GMT+2:00).

November 28th, Tuesday

On Tuesday, we recommend you to pay attention to the following events:

• The Bank of England will publish a report on financial stability at 09:00 (GMT+2:00);
• The balance of foreign trade in the US at 15:30 (GMT+2:00);
• The consumer confidence index in the US at 17:00 (GMT+2:00).

Investors will also follow the speeches of the Fed’s representatives and the head of the Bank of Canada Poloz.

November 29th, Wednesday

On Wednesday in the Asian trading session, there will be data on the volume of retail sales in Japan at 01:50 (GMT+2:00).

At 15:00 (GMT+2:00), the consumer price index will be published in Germany.

Economic reports from the USA:

• The preliminary data on GDP for the third quarter at 15:30 (GMT+2:00);
• The index of pending sales in the real estate market at 17:00 (GMT+2:00);
• Crude oil inventories at 17:30 (GMT+2:00).

We also recommend paying attention to the statements made by the Fed’s representatives.

November 30th, Thursday

On Thursday, the news background will be quite eventful:

• The volume of industrial production in Japan at 01:50 (GMT+2:00);
• The index of business activity in the manufacturing sector of China at 03:00 (GMT+2:00);
• The data on the GDP of Switzerland at 08:45 (GMT+2:00);
• A report on the labor market in Germany at 10:55 (GMT+2:00);
• The preliminary data on inflation in the Eurozone at 12:00 (GMT+2:00);
• Statistics on personal income and spending in the US at 15:30 (GMT+2:00).

December 1st, Friday

On Friday in the Asian trading session, a number of important statistical data on the Japanese economy will be published at 01:30 (GMT+2:00).

At 03:45 (GMT+2:00) we expect the index of business activity in China’s manufacturing sector from Caixin.

In the European trading session, there will be data on business activity in the manufacturing sector of Germany, the UK and the Eurozone.

At 15:30 (GMT+2:00) investors’ attention will be focused on the reports on the labor market and GDP of Canada.

At 17:00 (GMT+2:00) the index of business activity in the manufacturing sector of the US from ISM will be published.