Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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

On the economic agenda there is the release of the minutes of the last FOMC meeting, a rate decision from the New Zealand central bank and the German Ifo.

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.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

" edit-mode="false" style="--live-prices-table-rows:5" >


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.