Weekly Economic Outlook (17–21 November)

This week begins with high-impact data releases, especially from the United States and Canada, setting the tone for global markets. On Monday, traders will closely watch the Empire State Manufacturing Index and Canada’s CPI report, both of which offer early insight into economic momentum and inflation trends heading into year-end. These releases may influence expectations surrounding central bank policy, particularly the Federal Reserve and Bank of Canada.

Tuesday continues the momentum with another active session. The U.S. Import Price Index, along with Industrial Production and Capacity Utilization, will provide fresh signals on cost pressures, manufacturing activity, and consumer demand. The NAHB Housing Market Index will also give a snapshot of confidence within the U.S. housing sector — a key driver of overall economic stability.

From mid-week onward, the calendar becomes noticeably quieter. Wednesday, Thursday, and Friday carry no major scheduled economic releases, and market movements may be influenced more by sentiment, positioning, and technical flows rather than data. Liquidity may thin, especially toward the end of the week, which can lead to wider spreads or unexpected price swings.

Overall, this week may offer strong trading opportunities early on, while the latter days require patience and controlled risk exposure. Traders are encouraged to monitor volatility, stay updated with real-time news, and adjust strategies accordingly.

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