eurusd+gbpusd+usdjpy+usdcad

The upcoming week is expected to be calm and uneventful. The macroeconomic calendar will not be rich in news releases. In addition, there will be only three working days from Monday to Wednesday. After that, US traders will leave for holidays, thus causing a slump in market activity. Notably, on Monday, no reports are slated for release.

On Tuesday, traders may focus on inflation figures in Canada. Inflation may slacken to 3.3% from 3.8%, which will lead to a decline in the Canadian dollar.

Wednesday's macroeconomic calendar is bereft of any important news releases except for the publication of the US durable goods orders. Nevertheless, Wednesday is likely to be the most active trading day of the week. The fact is that durable goods orders may shrink by 2.8%, which is quite a lot. In addition, such data points to a possible decrease in consumer activity, which is the main driver of economic growth. In this light, the US dollar may face considerable pressure.

Thursday | 23 November

Although some countries will issue preliminary estimates on business activity on Thursday, traders are likely to ignore them. The fact is that markets will be closed in the United States because of the celebration of Thanksgiving Day.

Friday is a shortened day in the US. What is more, the macroeconomic calendar is almost empty this day. The market activity may increase only during the Asian trade, as Japan is going to disclose its inflation data. However, a rise in consumer prices to 3.2% from 3.0% will hardly affect the market situation. Traders usually pay zero attention to Japanese data as the Bank of Japan does not take it into account.