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The Week Ahead On The Markets



The Week Ahead

Read about upcoming market-moving events and plan your trading week

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Week commencing 15 November

Chris Beauchamp’s insight

The week sees UK employment and CPI figures published, the latter a crucial bit of data following the BoE’s decision not to raise rates. Canadian and Japanese CPI will maintain the global focus on inflation. Earnings from Walmart and NVIDIA are important to watch in the US, along with updates from Imperial Brands and Royal Mail in the UK.


Economic reports

  • Weekly view


2am – China retail sales (October): sales to rise 3.5% MoM. Markets to watch: China indices, CNH crosses

1.30pm – US Empire State mfg index (November): index to rise to 20.2. Markets to watch: USD crosses


7am – UK employment data: October claimant count to fall by 30,000, but the September unemployment to rise to 4.6%. Markets to watch: GBP crosses

1.30pm – US retail sales (October): expected to rise 0.7% MoM. Markets to watch: USD crosses


7am – UK CPI (October): prices to rise 3.4% from 3.1% YoY, and 0.3% MoM. Markets to watch: GBP crosses

1.30pm – Canada CPI (October): expected to rise 4.6% YoY. Markets to watch: CAD crosses

1.30pm – US housing starts & building permits (w/e 12 November): stockpiles rose by 1 million barrels in the preceding week. Markets to watch: Brent, WTI


1.30pm – US initial jobless claims (w/e 13 November), Philly Fed index: claims fell to 267K in the previous week. Philadelphia Fed index to fall to 21.5. Markets to watch: US indices, USD crosses

11.30pm – Japan CPI (October): prices to rise 0.4% YoY. Markets to watch: JPY crosses


7am – UK retail sales (October): sales to rise 0.7% MoM, and fall 0.6% YoY. Markets to watch: GBP crosses


Company announcements



15 November

16 November

17 November

18 November

19 November

Full-year earnings

  Imperial Brands Sage Daily Mail & General  

Half/ Quarterly earnings

Land Securities,
British Land,
Royal Mail,
Fuller Smith & Turner

Trading update





FTSE 100: Bunzl, GlaxoSmithKline, Pershing Square, DCC, Scottish Mortgage Inv Trust, B&M European Value Retail

FTSE 250: Genus, Volution, Bytes Tech Group, Witan Inv Trust, Scottish American Inv Company, Worldwide Healthcare Trust

Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days.


Index adjustments


15 November
16 November
17 November
18 November
19 November
22 November
FTSE 100  


Australia 200 0.3   0.9 0.4 0.1 0.5
Wall Street   12.9 9.8   7.0  
US 500 0.26 0.92 0.42 0.11 0.43 0.06
Nasdaq   3.22 0.34   0.10 0.07
Netherlands 25            
EU Stocks 50 0.5       2.3  
China H-Shares            
Singapore Blue Chip            
Hong Kong HS50         6.5  
South Africa 40   2.7        
Italy 40         150.2  
Japan 225        


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      EUR/CHF made a 7.5-year low at the end of last month at 0.9699, moving below the previous low of 0.9804.

      Since breaking lower, the price has not managed to reclaim 0.9804 and it may continue to offer resistance. The 21-day Simple Moving Averages (SMA)is currently at that level, potentially adding resistance.

      Further up, the recent peak of 0.9957 might offer resistance ahead of the break point at 0.9973.

      In the last session, the price has crossed below the 10-day SMA and remains below the 21-, 55-, 100- and 200-day SMAs.

      A bearish triple moving average (TMA) formation requires the price to be below the short term SMA, the latter to be below the medium term SMA and the medium term SMA to be below the long term SMA. All SMAs also need to have a negative gradient.

      Looking at EUR/CHF, the criteria for a bearish TMA has been met and may indicate that bearish momentum could evolve further.

      Support might be at the recent low of 0.9699 or further down at the 161.8% Fibonacci Extension of 0.9638.


      Chart created in TradingView 


      USD/CHF has bounced off low made at the start of this month at 0.9470 to trade in a wide range of 0.9545 – 0.9650. These levels might provide support and resistance respectively.

      While the price is below all short-, medium- and long-term Simple Moving Averages (SMA), they have positive and negative gradients. This may suggest a lack of conviction for directional momentum that might see further range trading.

      Re-iterating this possibility is the price criss-crossing the 10-day SMA. Recent history has shown that when the price crosses the 10-day SMA, momentum in that direction continues. That is not the case over the last week.

      The recent low of 0.9470 may provide support ahead of the break point at 0.9460. On the topside, resistance might be at the break point of 0.9710 or the July peak of 0.9886.

       Chart created in TradingView

      Daniel McCarthy, Strategist Daily FX

      Source: Daily FX
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