Weekly Market Forecast Nov 03 2014

Forex 214154

Last week , Bank of Japan surprised  the market by announcing that It would expand its QE program soon .This week , we have lots of critical news from United States , EURO zone and UK , let’s highlight which data may have strong influence on the currency market :

Monday Nov 03 2014

  • Australia will start the week with data on Building Approvals (MoM) (Sep).
  • From China , HSBC Manufacturing PMI (Oct) .
  • From EURO zone , German Manufacturing PMI (Oct) .
  • United States will release data on ISM Manufacturing PMI (Oct) .
  • Canad will end the day with BoC Governor Poloz Speech.

Tuesday Nov 04 2014

  • Tuesday is a big day for Australia , lots of important news , Retail Sales (MoM) (Sep) ,Trade Balance (Sep) , (RBA) Interest Rate Decision (Nov) .
  • UK will release its report on Construction PMI (Oct) .
  • United State will release data on Trade Balance (Sep).
  • From Canada , Trade Balance (Sep) followed by BoC Governor Poloz Speech.
  • New Zealand will end the day with its report on Employment Change (Q/Q) and Unemployment Rate (Q3).

Wednesday Nov 05 2014

  • From China we have , HSBC Services PMI (Oct).
  • From Japan BOJ Gov Kuroda Speaks..
  • From EURO zone , Germany will release a report on German Services PMI (Oct).
  • UK will release data on Services PMI (Oct).
  • USA will end the day with its report on ADP Nonfarm Employment Change (Oct) , later on the day another data will be released on ISM Non-Manufacturing PMI (Oct).

Thursday Nov 06 2014

  • Australia will start the day with data on Employment Change (Oct) and Unemployment Rate (Oct).
  • UK will release data on Manufacturing Production (MoM) (Sep) , later on the day (BOE)Interest Rate Decision (Nov).
  • From EUROzone (ECB) Interest Rate Decision (Nov), 45 min later , ECB Monetary policy statement and press conference.
  • US will release its weekly report on Initial Jobless Claims.
  • Canada will release data on Building Permits (MoM) (Sep) and Ivey PMI (Oct).

Friday Nov 07 2014

  • From Australia , RBA Monetary Policy Statement.
  • United States will release report on Nonfarm Payrolls (Oct) and Unemployment Rate (Oct).
  • Canada will release data on Employment Change (Oct) and Unemployment Rate (Oct).

Events will be discussed during the week …..




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