A Week in the Market: Consumer Prices and Essential Data Only (27 November – 1 December)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/11/27.11.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Consumer Prices and Essential Data Only (27 November – 1 December)" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>This week, a flow of macroeconomic statistics will bring interesting data, including a report on core PCE prices, which is a crucial metric for the Federal Reserve. Investors do not favour the USD currently, but who knows how this will evolve.</p>

<h2>USD: under pressure</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/04/usd-1-1200×627.jpg" alt="USD: under pressure" class="wp-image-3542" srcset="https://blog.roboforex.com/wp-content/uploads/2020/04/usd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/04/usd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/04/usd-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US is gearing up to release statistics on new home sales in October, the Conference Board consumer confidence index in November, the second estimate of the Q3 <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a>, and the core personal consumption expenditures price index. The US dollar is still weakened, influenced by expectations of the Federal Reserve keeping the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> unchanged.</p>

<h2>EUR: strong positions</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/02/euro.jpg" alt="EUR: strong positions" class="wp-image-6793" srcset="https://blog.roboforex.com/wp-content/uploads/2021/02/euro.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/02/euro-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/02/euro-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The eurozone is set to present a report on business climate <a href="https://roboforex.com/forex-trading/assets/indices/" data-internallinksmanager029f6b8e52c="11" title="indices trading">indices</a> and economic expectations for November. Data on the unemployment rate in October and the preliminary <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> calculation in November are also to be released. The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> positions appear quite strong.</p>

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<h2>AUD: at a 3-month peak</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/aud.jpg" alt="AUD: at a 3-month peak" class="wp-image-5803" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Australia will publish information on retail sales in October. The indicator may have grown by 0.2% m/m following an increase of 0.9% in September. Statistics on inflation and building permits will be released. The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> stands at a 3-month high and has prospects of maintaining its robust position.</p>

<h2>NZD: focus on the interest rate</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/06/nzd-1200×627.jpg" alt="NZD: focus on the interest rate" class="wp-image-4538" srcset="https://blog.roboforex.com/wp-content/uploads/2020/06/nzd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/06/nzd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/06/nzd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Reserve Bank of New Zealand will hold a meeting and will likely keep the interest rate at 5.5% annually. The <a href="https://roboforex.com/beginners/info/charts/forex/nzdusd/" data-internallinksmanager029f6b8e52c="37" title="NZD/USD">NZD</a> has been following an ascending channel, and this trend is likely to persist unless the regulator introduces an unexpected change.</p>

<h2>GBP: growth is possible</h2>

<figure><img loading="lazy" decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/02/gbp.jpg" alt="GBP: growth is possible" class="wp-image-6798" srcset="https://blog.roboforex.com/wp-content/uploads/2021/02/gbp.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/02/gbp-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/02/gbp-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The UK will provide information on the CBI retail sales balance in November, mortgage approvals, and lending to individuals. The <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a> is holding steady due to the weak USD and the confidence that the Bank of England will not increase the interest rate. With these conditions prevailing, there is potential for the GBP to trend upwards.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/11/27/a-week-in-the-market-consumer-prices-and-essential-data-only-27-november-1-december/">A Week in the Market: Consumer Prices and Essential Data Only (27 November – 1 December)</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>