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GDP, CPI and policy minutes are intertwined, Nvidia’s results are announced, and the global market faces multiple key tests
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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: GDP, CPI and policy minutes are intertwined, NVIDIA's performance is announced, and the global market faces multiple key tests." Hope this helps you! The original content is as follows:
Next week (November 14-18), the global market will be bombarded with intensive data and blockbuster events. From multinational GDP and inflation data to Federal Reserve policy minutes, from NVIDIA financial reports to geopolitical meetings, various core variables are intertwined and collided, covering not only macroeconomic fundamental signals, but also hidden clues about policy shifts and industry prosperity. Each node may trigger violent market fluctuations. Investors need to pay close attention to marginal changes in data and events, and plan in advance to deal with potential opportunities and risks.
Economic data from many countries have started, and clues from the Federal Reserve's speech continue to ferment
On Monday (November 14), Japan announced its third quarter GDP, China announced October's electricity consumption in society, an important synchronized indicator of economic vitality, Canada announced its October CPI, and the Bank of Canada has decided to cut the benchmark overnight interest rate by 25 basis points to 2.25% at the monetary policy meeting on October 29, 2025.
At the same time, the market will continue to digest the speeches of Atlanta Fed President Bostic and Dallas Fed President Logan last Saturday night, and dig out policy clues for the Fed's December interest rate decision.
Australian data + the Federal Reserve's voice, Saudi Arabia's visit to the United States stirs up the geopolitical situation
On Tuesday (November 15), Australia released the ANZ consumer confidence index, and the Reserve Bank of Australia simultaneously released the minutes of the November monetary policy meeting. In view of the previous slowdown in Australian inflation, the bank decided to maintain the 3.6% benchmark interest rate unchanged in early November.
In the evening, Minneapolis Fed President Kashkari will deliver a speech. At the same time, Saudi Crown Prince Mohammed will visit the White House and meet withU.S. President Trump’s meeting focused on defense cooperation and the normalization of Israeli diplomacy. Previously, the market was generally pessimistic about the Saudi-Israeli diplomatic process. The progress of this meeting may trigger fluctuations in geo-risk sentiment.
Crude oil inventories + European and British inflation, price data sets policy space
On Wednesday (November 16), the US API and EIA will announce changes in crude oil inventories, the UK and the Eurozone will simultaneously announce CPI data, and the UK will also disclose PPI data - usually PPI is a leading indicator of CPI for 3-6 months, and its changes can predict subsequent price trends.
The last interest rate resolutions of the UK and the Eurozone both kept interest rates unchanged. Due to the weak employment data in the UK, the market expects that the UK will continue to cut interest rates in the future. If the inflation data rises sharply this time, it may disrupt existing policy expectations.
NVIDIA financial report + LPR + Federal Reserve minutes, multiple core events collide
Thursday (November 17) is the focus of this week. After the US stock market closes at 5 a.m., NVIDIA will announce its third quarter financial report. As the core driving target of the AI technology bull market, its performance will directly affect the valuation of the technology sector and market risk appetite, and has important guiding significance for the global equity market.
Subsequently, China announced the 1-year LPR and 5-year LPR interest rates. This interest rate is generated by banks based on the supply and demand of funds. It is the basic interest rate for market loans. Its increase or decrease is directly related to the cost of housing loans and corporate financing, and is negatively correlated with the equity market.
In the evening, the annualized total number of existing home sales in the United States in October and the initial value of the consumer confidence index in the Eurozone in November were unveiled one after another: the former is the core leading indicator of the U.S. real estate market, real estate directly contributes 15%-20% of U.S. GDP, and existing home sales account for about 90% of total U.S. home sales; the latter is an important observation indicator of the economic fundamentals of the Eurozone, reflecting the public’s expectations for the economic outlook.
Another key event is the release of the minutes of the Federal Reserve's monetary policy meeting. The Federal Reserve decided to cut interest rates by 25 basis points on November 8 despite the lack of many data. The market is highly concerned about the reasonable reasons for this action; New York Fed President Williams will then give a speech, which is expected to provide key guidance for the Federal Reserve's interest rate decision in December.
Many countries' PMI ends, inflation and risk-free interest rates set the overall tone
On Friday (November 18), the global market ushered in the final battle of data for this week, with the core focus on prosperity and interest rate signals. The manufacturing PMIs of many countries are released collectively, including the United States, Germany, France, the Eurozone and the United Kingdom. This data directly affects the valuation center of each country's stock market and is the core basis for judging the global manufacturing cycle;
Japan released CPI data. Although the Bank of Japan previously decided to keep interest rates unchanged, the market expects that the probability of raising interest rates in January next year exceeds 60%. Inflation data will be the key to verify interest rate expectations.
In addition, the United States announced the 10-year TIP auction interest rate. The interest rate on the government bond has eliminated the risk of inflation and can reflect the calmness of the U.S.By xmltrust.comparing the real level of insurance interest rates with the 10-year Treasury bond interest rate, the market believes that the average inflation level in the United States in the next 10 years can be obtained, which has important reference value for the Federal Reserve's December interest rate meeting.
Risk Warning: Multiple variables hide potential risks of volatility
The latest statement from the White House shows that due to the impact of the shutdown, October employment and inflation data may never be disclosed, that is, November data will not be released until December.
In addition to core economic data and events, investors need to focus on three major potential risks: First, geopolitical conflict variables, changes in the diplomatic process between Saudi Arabia and Israel, and international and regional situations may trigger rising risk aversion.
The second is that central bank policies have turned beyond expectations. The speeches or data of officials such as the Federal Reserve, the Bank of England, and the Bank of Japan have exceeded expectations, which may quickly revise market policy expectations, triggering short-term violent fluctuations in the currency and bond markets;
The third is the risk of fluctuations in the valuation of the technology sector. If NVIDIA's financial report does not and expectations, it may break the AI bull market narrative, suppress the sentiment of global risk assets, or all the bad news will become the starting point of a rebound;
Fourthly, the inflation data deviates significantly from expectations. If the inflation in Europe, Britain, Japan and other countries rises beyond expectations, it may force the central bank to adjust its policy path and disrupt the market's existing pricing logic.
The above content is all about "[XM Foreign Exchange Platform]: GDP, CPI and policy minutes are intertwined, NVIDIA's performance is announced, and the global market faces multiple key tests". It is carefully xmltrust.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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