Even though the following week sees US participants away from their desks for a couple of days observing the Thanksgiving holidays, it will still be a busy week. There are some important data releases that could materially impact the course of various currencies and other asset classes. The main event comes in the form of the latest set of meeting minutes from the Fed’s gathering earlier this month. The central bank announced its plans to begin the tapering process but only gave specific detail up until the end of the year, participants will be focusing their attention on any information which could offer insight into their plans for 2022.
Elsewhere, November flash PMIs from across the globe will be eagerly anticipated. With inflation continuing to rise and supply chains still heavily disrupted it will be important to observe whether the leading data is starting to see any resulting impacts. Other data points to note include, US durable goods and Australian retail sales. The European Central Bank will also release minutes from its announcement a few weeks back.
Have a good week.
Written by Viv Savani. 6:38am, November 22nd 2021
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