USD may see more downside move against other currencies this week. This is due to strong fundamentals, including Average Earnings Index, Claimant Count & Unemployment Rate. Strong fundamentals this week are:

  • Gross Domestic Product (JPY, GMT 23:50) RBA Minutes (AUD, GMT 00:30)
  • –Industrial Production (CNY, GMT 02:00) – 
  • Average Earnings Index, Claimant Count & Unemployment Rate (GBP, GMT 07:00) 
  • Producer Price Index (USD, GMT 13:30) 
  • Wednesday – 16 November 2022
  • Consumer Price Index (GBP, GMT 07:00) 
  • Consumer Price Index and Core (CAD, GMT 13:30) 
  • Retail Sales (USD, GMT 13:30) 
  • UK Autumn Statement
  • Labour Market Data (AUD, GMT 00:30) 
  • Philly Fed Index (USD, GMT 13:30) 
  • Building Permits & Housing Starts (USD, GMT 13:30) 
  • Retail Sales (GBP, GMT 07:00) 


 With mixed economic data, along with increased uncertainty , I expect the US dollar to move significantly against a number of major currencies this week. On Thursday, the release of Philly Fed Index (USD, GMT 13:30) could trigger dollar moves.

Happy Pips!