US Federal Reserve Meeting Minutes - Weekly Report 17-21/11/14

On Monday the 17th, there is market-moving data out of the US, with the Industrial Production figures for October. Expected to have a knock-on effect on commodities like steel, the Industrial Production benchmark is seen as falling to 0.3 percent, from 1 percent previously. This data comes in at 14:15 and is reported on a monthly basis.

On Tuesday the 18th , traders could see potential price movements on Cable at 09:30, when the UK releases its Consumer Price Index for October, previously reported at 1.2 percent. At 10:00, Germany releases its ZEW Economic Sentiment report for November. For more insight into the impact that economic sentiment has on underlying assets, watch Banc De Binary’s In The Money video clip on Sentiment Indicators. In October, economic sentiment out of Germany plummeted to minus 3.6, and this time around, it is expected to rise to 1. The ZEW report can impact the EUR-USD, so it’s an important one to watch.

Wednesday the 19th brings possible opportunities on the Yen, with Japan releasing its Interest Rate decision, previously at 0.1 percent. Another headline event is at 09:30, when the Bank of England releases its closely-watched meeting minutes and monetary policy statements. Previously, seven members of its board voted to keep interest rates steady at 0.5 percent, but there were two members who voted to hike the rate, so the market will be watching eagerly for more signals that the central bank feels bullish on the economy. The action picks up again at 19:00, when the Federal Reserve releases its minutes.

Thursday’s trading highlight is at 13:30, when the US announces its Consumer Price Index for October, previously reported at 1.7 percent on an annual basis, and expected to come in at 1.6 percent.

On Friday the 21st, CAD traders should look out for Canada’s Consumer Price Index release for October at 13:30. The country’s CPI was previously at the level of two percent on an annual basis.