Week 46 Exness economic calendar report: from UK employment data to US inflation

This week presents a crucial lineup of economic events that could drive significant volatility across major and minor forex pairs, exotic currencies, and other financial assets. As always, you’re encouraged to monitor these events closely, especially if you’re trading assets tied to the USD, JPY, EUR, and GBP.

Here’s a breakdown of each major event, its potential market impact, and how you can position yourself.

Tuesday, November 12 - UK employment data (07:00 GMT)

This report covers key employment indicators, including the unemployment rate, average earnings, and claimant counts, revealing insights into the strength of the UK labor market. With a tight labor market, any sign of softness could affect the GBP, creating volatility for GBPUSD, EURGBP, and GBPJPY. In recent weeks, investors have shown sensitivity to economic data, responding quickly to any sign of UK economic momentum or weakness. Keep an eye on GBP-based trades as we may see shifts.

Wednesday, November 13 - US inflation report (13:30 GMT)

The US Consumer Price Index (CPI) for October is one of the week’s most awaited events. Markets are on edge, as inflation trends will shape the Federal Reserve’s next moves on interest rates. A surprise inflation increase could push the Fed toward another rate hike, boosting the USD against currencies like the EUR, JPY, and AUD. For traders in USD pairs like EURUSD, USDJPY, and AUDUSD, expect potential sharp moves based on inflation data. Rising inflation concerns may also spill over to XAUUSD (gold), a safe-haven asset that could benefit from inflation fears.

Thursday, November 14 - Eurozone GDP growth (10:00 GMT)

The preliminary GDP data for the Eurozone is a key measure of the region’s economic health. This data can influence the ECB’s approach to monetary policy in the coming months. Weak growth figures could lead the Euro to slide against the USD, GBP, and CHF, affecting EURUSD, EURGBP, and EURCHF. This also affects European indices like the DE30. Traders in Euro-based pairs should watch for increased activity around this release, especially if growth fails to meet expectations.

Friday, November 15 - US consumer sentiment report (15:00 GMT)

The University of Michigan's consumer sentiment index is a real-time indicator of US consumer confidence. Given recent retail and employment data, the Fed is likely watching this index closely. A positive report could further solidify USD strength, while a drop in sentiment might weigh on USD pairs like DXY and USDCAD, as well as indices such as the US500.

Conclusion

The economic calendar this week is packed with opportunities for well-timed trades.Keep your strategy flexible and be prepared to adjust as these reports come out. Look for shifts in momentum, and remember that even high-probability trades carry risk. If you’re not yet ready to dive in, a demo account is a perfect way to test your strategies risk-free. And if you need to stay connected while on the go, consider installing a Trade app to keep informed, no matter where you are.

This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

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Author:

Paul Reid

Paul Reid is a financial journalist dedicated to uncovering hidden fundamental connections that can give traders an advantage. Focusing primarily on the stock market, Paul's instincts for identifying major company shifts is well established from following the financial markets for over a decade.