Important upcoming events and publications for November 29th (GMT):
13:00 Germany Consumer Price Index is expected to slow its annual dynamic from 2.5% to 2.2%. However, for the last several times, actual data had turned out to be above expectations, reflecting stronger inflationary pressure in the country and supporting #EUR.
13:30 The US Personal Income and Spending are an important indicator of consumer activity. In fact, growth is favorable for #USD. Mention, that the Fed also pays attention to the PCE Price Index, considering it as a key indicator of inflation. It is expected to show decline from 2.0% up to 1.9%.
19:00 Fed FOMC Minutes can be a key event of the day. Detailed comments on the economic situation can shed light on the Fed’s future plans and significantly affect the markets’ dynamics, including #USD. In the focus: possible hints about the pause in the rate hikes and a concern about the economic market.
See the detailed Economic calendar here
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