Markets: Key events and economic releases for the week ahead - Rabobank

Sandeep Kanihama FXStreet Contributor

Analysts at Rabobank list down the key market moving events and economic releases for the week ahead.

Key Quotes

“Today’s trade data from Japan saw a much larger deficit than expected as imports surged nearly 20% y-o-y and exports were up just 8.2%. I think we will be rather busy with Brexit for the rest of the day.”

“Tomorrow we get RBNZ minutes and US housing starts; Wednesday has US durable goods and existing home sales; Thursday has Japanese CPI and is also US Thanksgiving, and then Friday has the consumption-fest that is Black Friday, along with Canadian CPI and US Markit PMIs.”

“Saturday then has a referendum in Taiwan on several issues, including whether it will enter the Olympics calling itself just “Taiwan” from now on. In the present atmosphere, that matters more than you might think.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.