CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

08:33 · 16 November 2023

Economic calendar: Second-tier data from US, central bankers' speeches

  • European indices set to open flat
  • Biden-Xi meeting seen as positive and optimistic
  • Second-tier data from US, central bankers' speeches

European index futures point to a more or less flat opening of the cash session on the Old Continent today. Talks between US President Biden and Chinese President Xi on the APEC summit have been labeled 'positive' with the two leaders discussing a number of issues, including Ukraine, Taiwan and the Middle East. However, remarks coming from Biden and Xi after the meeting were somewhat general and vague, and therefore we are not seeing any major reaction in the markets.

Economic calendar for the day ahead is light. There are no macro readings scheduled for the European morning, while some second-tier US data, like jobless claims or Philly Fed index, will be released in the early afternoon. A point to note is that there are a number of speeches from central bankers scheduled throughout the day and those may provide some FX volatility.

1:15 pm GMT - Canada, housing starts for October. Expected: 253k. Previous: 270.5k

1:30 pm GMT - US, jobless claims. Expected: 220k. Previous: 217k

1:30 pm GMT - US, Philadelphia Fed index for November. Expected: -9.5. Previous: -9.0

2:15 pm GMT - US, industrial production for October. Expected: -0.3% MoM. Previous: +0.3% MoM

3:30 pm GMT - EIA natural gas storage report. Expected: -10 bcf. Previous: +79 bcf

Central bankers' speeches

  • 8:00 am GMT - ECB Villeroy
  • 9:30 am GMT - ECB Centeno
  • 11:30 am GMT - ECB President Lagarde
  • 12:10 pm GMT - Fed Barr
  • 12:10 pm GMT - ECB Enria
  • 12:10 pm GMT - ECB de Cos
  • 2:15 pm GMT - ECB de Guindos
  • 2:25 pm GMT - Fed Williams
  • 3:30 pm GMT - Fed Waller
  • 3:35 pm GMT - Fed Barr
  • 3:45 pm GMT - BoE Ramsden
  • 4:45 pm GMT - Fed Mester
  • 5:00 pm GMT - Fed Cook
  • 6:30 pm GMT - Fed Mester

Top Wall Street earnings releases

  • Alibaba Group (BABA.US) - before market open
  • Macy's (M.US) - before market open
  • Walmart (WMT.US) - before market open
  • Warner Music Group (WMG.US) - before market open
  • Ross Stores (ROST.US) - after market close
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Morning wrap🚩 Wall Street resists oil pressure amid rising Middle East tensions (09.07.2026)
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FOMC Minutes: Hawkish tone confirmed. EURUSD rebounds nonetheless

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