3 markets to watch next week (01.12.2023)

6:45 PM 1 December 2023

3 markets to watch

November was one of the best months for equities so far this year. Did Santa Claus rally arrive early this year, or is the seasonal end-of-the-year rally still ahead of us? We shall know soon! In the meantime, traders will focus on US jobs data, German industrial data as well as rate decisions from RBA and BoC in the coming days. Be sure to watch USDJPY, DE30 and AUDCAD in the week ahead.


Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

Traders will be offered a streak of US jobs market reports this week. The NFP report for November (Friday, 1:30 pm GMT) will be a key release of the week, but others also deserve a note. Those include JOLTS report (Tuesday, 3:00 pm GMT), ADP report (Wednesday, 1:15 pm GMT) and Challenger report (Thursday, 12:30 pm GMT). USDJPY could be the pair on the move as the Japanese Q3 GDP report will also be released this week (Thursday, 23:50 pm GMT). The pair pulled back from recent highs near 152.00 and a downtrend structure can be seen building up on the chart.


November was the best month for European equities since January 2023. Falling likelihood of further monetary policy tightening is supporting indices. However, the economic outlook is still uncertain, with recession in Europe as well as no recession being both real options. This week will see release of German factory orders data for October (Wednesday, 7:00 am GMT), German industrial production for October (Thursday, 7:00 am GMT) as well as Q3 GDP report from euro area (Thursday, 10:00 am GMT), and those reports may shed some more light on the situation.


AUDCAD may see some moves this week as traders will be offered rate decisions from the Reserve Bank of Australia as well as Bank of Canada. RBA is set to announce its decision on Tuesday, 3:30 pm GMT while BoC is scheduled to make an announcement on Wednesday, 3:00 pm GMT. Both are expected to stay on hold, with money markets pricing in around 10% chance of each delivering a 25 bp rate cut. However, attention will be on the narrative following last week's surprisingly hawkish RBNZ meeting.

Xtb logo

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence