{"id":9331,"date":"2020-11-16T09:21:01","date_gmt":"2020-11-16T09:21:01","guid":{"rendered":"https:\/\/errante.net\/the-week-ahead-16th-20th-november-2020\/"},"modified":"2020-11-16T09:21:01","modified_gmt":"2020-11-16T09:21:01","slug":"the-week-ahead-16th-20th-november-2020","status":"publish","type":"post","link":"https:\/\/errante.net\/vi\/the-week-ahead-16th-20th-november-2020\/","title":{"rendered":"The Week Ahead 16th \u2013 20th November 2020"},"content":{"rendered":"\n
Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan. <\/p>\n\n\n\n
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS<\/a> gained 1.1% to hit its highest since its launch in 1987, with markets across the region making milestone peaks. <\/p>\n\n\n\n Japan’s Nikkei .N225<\/a> rose 2% to a 29-year high. South Korea’s Kospi .KS11<\/a> hit its highest since early 2018 and Australia’s ASX 200 .AXJO<\/a> hit an eight-month top, before jamming there when a glitch halted trade. <\/p>\n\n\n\n S&P 500 futures<\/a> ESc1 rose 0.9%, Nasdaq 100 futures<\/a> NQc1 leapt 1% and European futures were up strongly with EuroSTOXX 50 futures<\/a> STXEc1 up 0.9% and FTSE futures FFIC1<\/a> up 0.6% late in the Asia session. <\/p>\n\n\n\n Japanese economic growth, which beat records and forecasts to pull the world\u2019s third-largest economy out of recession and better-than-expected industrial output in China added to the enthusiastic mood. <\/p>\n\n\n\n The announcement, a week ago, that Pfizer had developed a very effective vaccine has investors hoping for similar good news soon from rival Moderna (MRNA.O) and looking past a tough winter to a better spring and summer ahead. <\/p>\n\n\n\n EUR\/USD<\/a> remains on the front foot near 1.1850 starting out a fresh week, extending its winning streak into the third straight day on Monday. From a technical perspective, the spot has confirmed an inverse head-and-shoulders breakout on the hourly sticks, which calls for a test of the 1.1900 level. <\/p>\n\n\n\n Besides the virus, Brexit trade talks are chief among European investors\u2019 concerns on Monday and hopes for a breakthrough have supported sterling against the dollar and the euro. <\/p>\n\n\n\n The departure of hardline adviser Dominic Cummings from Downing Street is seen as a positive, perhaps allowing more British concessions, but chief negotiator David Frost said on Twitter that talks \u201cmay not succeed<\/a>\u201d. <\/p>\n\n\n\n Despite this, London stocks are set to bounce into Monday picking up again on last week’s rally, propelled by some upbeat Chinese data. <\/p>\n\n\n\n Elsewhere the Aussie and kiwi made small gains, much of which they handed back late in the Asian day. <\/p>\n\n\n\n Bonds, which had sold off strongly on vaccine news last week, were steady with where they left off on Friday, with the yield on benchmark U.S. 10-year debt US10YT=RR at 0.8930%<\/a>, down from last week’s high above 0.97%. <\/p>\n\n\n\n Oil prices inched higher, with Brent crude futures LCOc1 up 1% at $43.26 a barrel<\/a> but below last week’s two-month high of $45.30. U.S. crude CLc1 rose 1% to $40.55 a barrel. <\/p>\n\n\n\n Gold XAU= rose 0.4% to $1,896 an ounce.<\/a>\u00a0<\/p>\n\n\n\n <\/p>\n\n\n\n The economic events calendar is finally looking a little quieter. However, the ongoing Brexit negotiations, Trump refusing to go gently, COVID-19 case counts, and the vaccine status will be sensitive topics of interest this week. <\/p>\n\n\n\n The sharp rates move following Pfizer’s better-than-expected efficacy report on Monday<\/a> was a circuit-breaker for risk and markets are now searching for the next driver. <\/p>\n\n\n\n US retail sales and sentiment data (UMich, Empire, Philly Fed) in the US, retail sales in Canada, unemployment data in Australia and retail sales data in China will be key. There\u2019s a long list of central bank speakers taking the stage, in the US (Williams, Bullard, Clarida, Kaplan, Bostic, George), UK (Haskel, Bailey, Ramsden, Haldane, Tenreyro, Cunliffe), Europe (Villeroy) and Australia (Lowe, plus the RBA minutes) \u2013 though ultimately substantial announcements are not expected. <\/p>\n\n\n\n All these events and more\u00a0have the potential to influence the markets which means there is plenty of trading opportunities.\u00a0<\/p>\n\n\n\n <\/p>\n\n\n\n The times below are GMT+2.\u00a0<\/p>\n\n\n\n <\/p>\n\n\n\n Monda<\/strong>y<\/strong> 16<\/strong>th<\/sup><\/strong> <\/strong>November<\/strong> <\/p>\n\n\n\n Potential instruments to Trade:\u202fEUR Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fEUR Crosses.\u202f <\/p>\n\n\n\n Tuesday<\/strong> 17<\/strong>th<\/sup><\/strong> <\/sup><\/strong>November<\/strong> <\/p>\n\n\n\n Potential instruments to Trade:\u202fAUD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fAUD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fAll Currencies.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fUSD Crosses & Gold.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fGBP Crosses.\u202f <\/p>\n\n\n\n Wednesday<\/strong> 1<\/strong>8<\/strong>th<\/sup><\/strong> <\/strong>November<\/strong> <\/strong> <\/p>\n\n\n\n Potential instruments to Trade:\u202fAUD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fCAD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fUSD Crosses.\u202f <\/p>\n\n\n\n Thursday 19<\/strong>th<\/sup><\/strong> November<\/strong> <\/p>\n\n\n\n Potential instruments to Trade:\u202fAUD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fCAD Crosses.\u202f <\/p>\n\n\n\n \u202f\u202f<\/strong>Potential instruments to Trade:\u202fUSD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fEUR Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fUSD Crosses.\u202f <\/p>\n\n\n\n Friday <\/strong>20<\/strong>th<\/sup><\/strong> <\/strong>November<\/strong> <\/p>\n\n\n\n Potential instruments to Trade:\u202fGBP\u202fCrosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fEUR Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade:\u202fCAD Crosses.\u202f <\/p>\n\n\n\n Saturday 21<\/strong>st<\/sup><\/strong> & Sunday 22<\/strong>nd<\/sup><\/strong> November<\/strong> <\/p>\n\n\n\n Potential instruments to Trade:\u202fAll Currencies. <\/p>\n\n\n\n The G20 comprises the world’s largest and fastest-growing economies and accounts for 85 per cent of the global GDP and two-thirds of its population. The summit of the grouping is taking place\u00a0in the midst of\u00a0the worst economic downturn the world is witnessing since the Great Depression of the 1930s.\u00a0\u202fWill there be an economic stimulus programme to offset the impact of the pandemic? This\u00a0will be an\u00a0important event to watch!\u00a0<\/p>\n\n\n\n <\/p>\n\n\n\n If you have any questions, please email our Education Centre<\/a>.<\/p>\n\n\n\n If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.net<\/a>.<\/p>\n\n\n\n We are Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038<\/a>].<\/p>\n\n\n\nOverview for the Week Ahead<\/strong>\u00a0<\/h2>\n\n\n\n
Today’s High Impact Events<\/strong><\/h2>\n\n\n\n