Economic Calendar

Tuesday, November 14

8:30am ET

For two consecutive months now, US inflation has surprised to the upside. In September, annual CPI remained unchanged at 3.7%, defying market expectations of a slight decrease following an even larger surprise the month before. But if we see a surprise drop in CPI this time, then it will further boost the “peak interest rates” narrative and potentially hurt the dollar.

What do watch: USD, Gold

Tuesday, November 14

9:00pm ET

As well as industrial production we will have retail sales data to look forward to in the early hours of Wednesday from the world’s second largest economy. Recent Chinese macro pointers have shown some improvement. We will need to see more evidence of a turnaround for yuan, local stocks and some base metals prices to recover more meaningfully.

What do watch: CNH, China A50

Wednesday, November 15

02:00am ET

UK’s inflation rate has been very slow to come down, keeping policymakers at the BoE on their toes. While no further rate increases are likely, BoE Governor Andrew Bailey has said it is “too early to be talking about cutting rates”. Those talks could be pushed further out if CPI turns out to be stronger than expected.

What do watch: GBP, UK 100