Week 48 Exness economic calendar report

No matter which trading style works best for you, the coming economic calendar events will likely move markets and reset your trading indicators. Here are the powerhouse fundamentals for week 48 along with the Exness trading assets that could be significantly affected.

Tuesday insights: USD in focus

On Tuesday, November 26, 2024, at 10:00 AM ET, the US Consumer Confidence Index for November is set to release, offering a glimpse into consumer optimism. Stronger-than-expected data could bolster the dollar, creating upward momentum for forex pairs like EURUSD and GBPUSD. Exness offers some of the tightest spreads in the industry, ensuring that you can capitalize on these movements without unnecessary costs.

Meanwhile, at 9:00 AM ET, the S&P/Case-Shiller Home Price Index will reflect trends in US housing. Assets such as US30 and US500 may react to shifts in sentiment, giving stock traders plenty to consider.

Wednesday’s Trifecta: GDP, durable goods, and PCE inflation

Wednesday, November 27, 2024, brings a trifecta of critical data:

• Gross Domestic Product (GDP) Second Estimate (Q3): Released at 8:30 AM ET, this could signal the strength of the US economy, likely influencing USD pairs such as USDJPY and USDCAD.
• Durable Goods Orders (October): Also at 8:30 AM ET, this indicates industrial activity.
• Personal Consumption Expenditures (PCE) Price Index (October): At 10:00 AM ET, this is the Federal Reserve's preferred inflation gauge, which could shift expectations for interest rate adjustments.

Trading gold (XAUUSD) or crude oil (USOIL)? These commodities could also react sharply to inflation data. Gold often thrives in inflationary environments, while oil prices might fluctuate based on perceived economic health. Exness’ reduced and competitive spreads on oil and gold will be very advantageous this week.

Why Exness is your trading partner for volatility

At Exness, we understand the importance of precise execution during volatile market conditions. Our platform processes trades in under 25 milliseconds on average, ensuring you never miss an opportunity. Combined with our industry-leading uptime, Exness empowers traders to perform at their best, no matter the market conditions.

Planning ahead: Friday’s PMI and Its ripple effects

As the week concludes, the Chicago Purchasing Managers' Index (PMI) for November will be released on Friday, November 29, 2024, at 9:45 AM ET, offering insights into manufacturing activity. A robust reading could lift the US dollar, influencing forex pairs like USDCHF and AUDUSD. Similarly, indices like US30 might experience volatility, creating both challenges and opportunities for traders.

Tools to enhance your trading experience

If you’re new to trading or exploring new markets, consider using a demo account to test economic calendar strategies risk-free. Exness’ demo account allows you to gain hands-on experience without financial exposure, a perfect way to build confidence in volatile markets.

For traders on the go, the Exness Trade app provides real-time market access, letting you monitor and act on market changes without delay. It’s the ultimate tool for modern traders seeking flexibility and control.

Navigate the week with Exness confidence

Low spreads, lightning-fast execution, and robust tools make it easier to seize opportunities while managing risks effectively, but it’it will be your research, diligence, and keen eye that ultimately determines how this week will go. Remember, markets often price-in the big events days before the data drop, so if you see sustained uplift, the ‘data drop’ reaction could be very different. Was the news positive is not the question. Was the news report more positive than already expected is perhaps the bigger indicator. 

Don’t underestimate market sentiment this week. Sentiment can upturn logic in a heartbeat and reset trends in minutes. Stay sharp, and take nothing for granted.

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.