With a new trading week comes new opportunities.   

So, we’ve gathered insights for the week ahead that highlight the current trends, scheduled events and potential movers to watch. Let’s get started.

Calendar Events    

  • Canada CPI – Nov. 17
  • UK CPI – Nov. 19
  • UK PPI – Nov. 19
  • ECB Non-Monetary Policy Meeting – Nov. 19
  • Eurozone CPI – Nov. 19
  • FOMC Meeting Minutes – Nov. 19
  • People’s Bank of China Interest Rate Decision – Nov. 20
  • Germany PPI – Nov. 20
  • Eurozone Consumer Confidence – Nov. 20
  • US Non-Farm Payrolls – Nov. 20
  • US Unemployment Rate – Nov. 20
  • US Average Hourly Earnings – Nov. 20
  • Australia PMI – Nov. 21
  • Japan National CPI – Nov. 21
  • Japan PMI – Nov. 21
  • UK Retail Sales – Nov. 21
  • Eurozone PMI – Nov. 21
  • UK PMI – Nov. 21
  • US PMI – Nov. 21
  • US Revised Consumer Sentiment & Inflation Expectations – Nov. 21

Top Things to Watch   

September Jobs Report Returns After Shutdown Delay  

Delayed US labor market data for September will be finally released on Thursday, ending weeks of uncertainty after repeated delays which were caused by the government shutdown.  

With no updated release calendar from the Bureau of Labor Statistics, traders are heading into this report without any forecasts. The absence of guidance has raised questions around the health of the labor market and the US economy.  

All of this could set the stage for a major market reaction️. Whether the report points to deeper labor-market weakness or surprises with unexpected strength, risk sentiment could swing sharply.

Nvidia and Walmart Earnings Take Center Stage  

Nvidia and Walmart are set to report earnings this week, with each carrying significant weight for their sectors.  

Nvidia will report its earnings on Wednesday in what many see as one of the season’s most influential earnings moments. Markets are watching whether its AI-driven data-center momentum continues, with the results likely to shape sentiment across the entire AI ecosystem, from chip suppliers to cloud providers.  

Walmart follows on Thursday with its third-quarter call, where management will discuss performance and outline expectations for the pivotal holiday season. The update comes ahead of a major leadership transition, adding extra focus to the company’s forward guidance.

Global PMI in Focus  

Flash PMI data for the EU, UK, and US will be released on Friday, and it’s expected to be a key market mover. These surveys will take the pulse of both manufacturing and services, offering fresh insight into how each side of the economy is holding up as the year draws to a close. Traders will be watching closely for any signs of strengthening or cooling momentum that could quickly shift expectations for growth, inflation and central bank policy.

Trending Now: Gold  

  Market Sentiment / Source: Acuity  

Gold Chart / Source: TradingView  

Why Its Trending?  

 Gold continues to face pressure after last week’s sharp 3.3% decline, as optimism over a potential Fed rate cut in December fades. The Fed has voiced renewed concerns about inflation re-accelerating, and a growing number of policymakers appear hesitant to support further monetary easing.  

Earlier, the Fed implemented a 50-basis-point rate cut to cushion signs of weakness in the labor market. However, traders are now dialing back expectation, with markets pricing in just a 56.1% chance that the Fed will keep rates unchanged in December.  

All eyes are now on upcoming US economic data, particularly the long-awaited September jobs report, which is set to be released on Thursday after multiple delays caused by the recent government shutdown. The Commerce Department’s Bureau of Economic Analysis confirmed that it is working to update the release schedule for all affected reports.