PREVIOUS TRADING DAY EVENTS 13 Nov 2023

Winners and Losers

This week we have important inflation data releases for the U.K. and the U.S. The market already pushed for GBP appreciation as the inflation forecast is quite low and the actual figure will probably be reported higher than the forecast. GBPUSD is leading this week with 0.76 gains.

News Reports Monitor Previous Trading Day 13 Nov 2023

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

No major announcements, no special scheduled releases.

MorningDay Session European and N. American Session

Weak credit growth for China was reported slower than expected in October. Aggregate financing, a broad measure of credit, was 1.85 trillion yuan 254 billion. No major shocks were recorded in the market.

The interest the U.S. pays on its debt soared in October. Interest on the public debt was up 87 from the figure in October 2022. Despite the surge, the budget deficit for October was notably smaller on a yearly basis; down 24 to 66.6 billion from 87.9 billion. Adjusting for calendar differences, the deficit shrank by 4. No major intraday impact was recorded in the market upon release.

General Verdict

Monday mood. No major shocks intraday for FX. The dollar index moved mostly sideways around the mean closing lower for the trading day.
U.S. Indices retraced at least to the 61.8 Fibo level after a long intraday reversal and eventually continued their path to the upside again.
Gold…