The following are the top 5 economic events happening this week.
1. United States Durable Good Orders
This data shows us the change in the total value of new orders of products that can be stored or inventoried with a minimum life of three years.
The Fed wants to see this data fall, in order to be sure that the interest rate hikes they have implemented, in order to reduce inflation, are working correctly.
2. The Purchasing Managers Index (PMI)
The Index (PMI) measures the prevailing direction of the economic trends in the manufacturing sector.
It is important to see if it will be higher or lower than expected to take the next trading decisions.
3. USA Housing price
America's house prices are dropping due to the sharp rise in mortgage rates.
This is a direct consequence of the Fed's monetary policy.
4. U.S. Initial Jobless Claims
It is a measure of the number of people who filed a claim for unemployment for the first time during the past week.
Low data is a sign of a wealthy economy and contrary a high data is a negative sign.
5. Thanksgiving week
Volatility, during this time of holiday, will be low.
The volume of the trades could be lower than usual as we are approaching Thanksgiving.
I hope you find this information helpful, please let me know your opinion.
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Top 5 economic events to look at for this week
Published 21/11/2022, 17:14
Updated 28/07/2023, 11:55
Top 5 economic events to look at for this week
Latest comments
hi
nice article and good update
Thank you
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
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