Market Insights with Gary Thomson: US Inflation Surprises, Too Dovish RBNZ, and Struggling Canada

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In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the week’s most critical events driving global markets.


👉 Key topics covered in this episode:

  • US Producer Price Index

The US PPI for September arrives on 25 November. August saw an unexpected 0.1% drop — the first decline in four months — with mixed signals from core components and revisions to prior data. While it’s unlikely to shift the Fed’s next decision, sharp moves in USD pairs are still possible. Could the new PPI report trigger fresh market volatility?


  • RBNZ Interest Rate Decision

New Zealand’s upcoming policy meeting on 26 November could bring notable volatility, with markets expecting another rate cut as the economy weakens but inflation stays within the target band. Will the RBNZ’s tone and forward guidance be the key market mover for the NZD, given the global risks weighing on the currency?


  • Canada GDP Growth Rate

Canada’s Q3 GDP data, due 28 November, follows a contraction in Q2 driven by weaker exports and business investment. Analysts expect a modest rebound, but a miss could put renewed pressure on the Canadian dollar. Will Q3 GDP confirm a recovery, or could the CAD face further weakness?


  • US PCE Price Index

The September and October PCE data, delayed by the government shutdown, might be released on 26 November. As a key Fed inflation gauge, the results could influence market moves, especially with uncertainty around a potential December rate cut. Could PCE data trigger significant volatility in the markets?


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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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