Week Ahead - 21 November: DAX on German Ifo; Zoom earnings

IG’s market analyst, Axel Rudolph FSTA, looks at the chart of the DAX as a tradable opportunity around the Ifo release.

On the corporate agenda Axel chooses Zoom earnings out after the closing bell on Monday.

(Partial video transcript)

Welcome. It's an opportunity now to take a look at some of the events to watch out for for us traders for the week.

21/11

Starting Monday the 21st of November. First of all let's see what's happening on the economic agenda. And we begin with the loan prime rate in China. Now there's lots of anecdotal evidence suggesting that the Chinese economy is slowing down.

Will they bring down the loan prime rate? It's something that the Chinese authorities have been reluctant to do so far in any meaningful amount. But it will be interesting to see just where we are in terms of the loan prime rate on Monday morning.

Then it's the German producer prices coming through for the month of October at 07:00 UK time.

22/11

Tuesday at 07:00 we get public sector net borrowing in the UK following on from the fiscal statement that we saw in this last week. I'm not suggesting we're going to see anything that's reflecting that latest statement, but it will certainly be something to watch out for as we go into the next quarter at the beginning of next year.

Eurozone consumer confidence flash number out a little bit later in the morning and later on still in the day, we get the crude oil inventory, weekly data out from the American Petroleum Institute.

23/11

In the mid-week trading session it's one of the big events of the week that I'm following. I put out a risk event around this in New Zealand. The Reserve Bank of New Zealand (RBNZ) interest rate decision where some economists suggested we could well see 75 basis points added to the 2% interest rate that the central bank already has in New Zealand. The risks some suggesting potentially could be on the downside.

Eurozone UK, US, S&P Global Manufacturing Services PMI flash data out later on in the day.

And then at 13:30 of those volatile economic data releases in the States, the durable goods orders coming through with new home sales and the EIA crude oil inventories.

Then later on in the evening, 19:00 UK time to be precise, we get the release of the minutes of the last Federal Open Market Committee (FOMC) meeting, which raised interest rates by a margin of 75 basis points.

24/11

First thing on Thursday morning we get the Japanese Jibun Bank, Manufacturing and Services PMI flash data and then the German Ifo business climate data out later on in the morning, which could be of interest to EUR/USD traders and the DAX.

UK CBI industrial trends orders later on in the morning and then the weekly jobless claims.

25/11

And rounding off the week on Friday 25th first thing we get Gfk consumer confidence out in the U K and then the CBI distributive trades survey, both expected to show weakness throughout both the consumer and amongst the retail sector.

German Gfk consumer confidence out later on and third quarter GDP as well in Germany, and the weekly US Baker Hughes oil rig count.