The Trading Week Ahead

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Hello traders, it's Luca Santos here, and we're kicking off a brand new trading week. We find ourselves on the 13th of November, inching closer to the year-end. I hope each one of you has had an exceptional year so far. Don't forget to tune in to my webinar tomorrow, Tuesday. As always, we'll be delving into charts, microeconomics, and addressing any questions you might have. Feel free to send specific charts you'd like me to analyze in the chat; it's going to be an interactive session.

Reflecting on last week, it was a solid one for us, with many of the forecasts hitting the mark during the webinar. Now, let's shift our focus to the week ahead. Similar to the previous one, we aren't expecting significant economic news impacting the market. Keep an eye on the bonds—monitor 2, 3, 10, and 30-year US bonds, as well as Japan and the ongoing situation in Israel.

Recapping the notable event from last week, the Federal Reserve's panel of questions provided insights into monetary policy. Looking forward, this week remains relatively quiet on the economic news front. The main highlight starts on Wednesday, with the US CPI release. Noteworthy figures include a consensus of 3.3% for CPI year over year, down from the previous 3.7%. If inflation drops below 3.3%, we might witness a bearish move in the US dollar.

Moving on to the UK, we have the CPI release on the same day, with the consensus expecting a slowdown from 6.7% to 4.8%. I anticipate inflation easing in the UK as well. Later in the week, on Thursday, we'll be watching the core retail sales for the US, a crucial indicator. The week concludes with the US initial jobless claims on Friday.

My overall sentiment remains bullish on the US dollar and bearish on the euro, Australian dollar, and Japanese yen. For a comprehensive analysis, join my webinar tomorrow at 6:00 Sydney time. It's free, and attendees gain access to my Telegram group. Just scan the QR code revealed during the webinar to join.

Wishing everyone a smooth and profitable trading week ahead. If you have any questions, drop them in the comments below, give this video a thumbs up, and don't forget to subscribe to the channel. See you tomorrow on my webinar!

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