Last week recap:
1- The yen had strengthened after the Bank of Japan’s decision to keep monetary policy unchanged.
2- The US dollar rose last Wednesday after FOMC meeting showed a possible rate hike before year-end.
3- The GBPUSD also rose because of expectations that the Bank of England to raise interest rates faster than expected.
4- The EURO gained on Friday after euro zone consumer price index rose 0.0%, from -0.1% in the previous month.
In the week ahead:
1-Markets will be focusing on Friday’s U.S Nonfarm Payrolls report, for further indications on the strength of the U.S economy.
2- Markets will be also watching central banks meeting in Australia, Japan and the U.K.
3- Finally, the focus will be on inflation data in Switzerland, Australia and the Euro-Zone.
Let’s take a quick look at the most critical events which may affect the currency market in the upcoming days:
Monday, Nov 02, 2015
Australia will release data on building approvals.
China will publish its Caixin manufacturing index.
Switzerland will release data on retail sales.
The U.K will release data on Manufacturing PMI.
The U.S will release data on ISM Manufacturing PMI.
Tuesday, Nov 03, 2015
Markets in Japan remains closed for a national holiday.
The Reserve Bank of Australia will publish its rate statement.
Spain will release data on the change in the number of people unemployed.
The U.K. will publish data Construction PMI.
The U.S. will release data on factory orders.
New Zealand will publish its quarterly employment report.
Wednesday, Nov 04, 2015
Australia will release data on retail sales and the trade balance.
China will publish its Caixin services index.
ECB President Mario Draghi speaks.
The U.K. will publish survey data on services purchasing managers’ Index.
The U.S. will publish a report on ADP Nonfarm Employment Change.
Federal Reserve Chair Jannet Yellen Testifies.
Thursday, Nov 05, 2015
RBA Governor Glenn Stevens speaks.
Bank of Japan policy meeting minutes.
Germany will release data on factory orders.
Switzerland will release data on consumer price inflation.
Bank of England Interest Rate Decision followed by BoE Gov Carney Speaks.
The U.S will release its weekly report on Initial Jobless Claims.
Friday, Nov 06, 2015
Reserve Bank of Australia Monetary Policy Meeting Minutes.
The U.K will release data on Manufacturing Production.
Canada will publish its monthly employment report and data on building permits.
The U.S will end the week with data on Nonfarm Payrolls.
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