Preview of the week starting 20 Nov 2023 - can Zoom claim new ground?
Public Holidays The US will be celebrating Thanksgiving this coming week from 23 Nov 2023. Here is wishing my American friends a blessed Thanksgiving. No public holidays in Singapore, Hong Kong, and China. Economic Calendar (20 Nov 2023) Notable Highlights The US will be having a short week due to Thanksgiving. FOMC meeting minutes could be one of the movers of the market. Existing Home Sales . This will be one of the good indicators of the health of US real estate. This should shed more light on how the real estate is coping. Core Durable Goods Orders (MoM) (Oct) can shed some light on the consumerism in USA, an indicator of consumption in the USA. Initial Jobless Claims will be released in the coming week. This is another important data point for the Fed’s coming interest rate decision as they seek to balance inflation and unemployment. Together with the Unemployment rate , this will be part of the Fed’s consideration for the coming interest rate. decisi...