Important data releases & events will be happening from China, US, UK, Australia and NZ this week!

November 6, 2017

Dollar Mixed, Emphasis on RBA, RBNZ.

Important data releases & events will be happening from China, US, UK, Australia and NZ this week!

This article is originally referred from FXPrimus News

FXPrimus has summarized the important market indicators of the week!

Know what’s happening in the market!

This week’s Indicators

With BoJ and Fed holding rates unchanged, BoE rising after a long-waited period of ten years and US Unemployment Rate falling to a 17-Year low, it certainly was a busy week filled with opportunities.

As we keep sighting economic growth across the globe, market participants shift their focus to the week ahead, where economic data from China, US, UK, Australia and New Zealand are likely to provide good opportunities.

DOLLAR INDEX DAILY CHART

Monday 6th, November

A modest start to the week with the Eurogroup meeting and US speeches in focus.

Today, Eurogroup will initiate the first part of the Eurogroup meeting where banking, investment in human capital and views on the future fiscal governance in EU are going to be discussed.

In addition, FOMC members Yellen and Dudley will speak at 13:00 and 17:10 respectively; this is an opportunity for both to react to Powell’s nomination.

On other events, Canada will release its latest PMI report at 15:00.

Tuesday, 7th, November

Wild fluctuations expected around RBA’s Rate decision, Bank members’ speeches.

On Tuesday at 03:30, RBA is going to announce its latest rate decision and is likely to maintain the same rates despite the recent dovish comments made.

At 09:00, President Draghi will speak at the ECB forum, at 17:55, Polloz will speak about inflation and at 19:30, Yellen will deliver remarks at the presentation of the Paul H. Douglas Award.

Wednesday 8th, November

Investors shift focus to RBNZ Official Cash Rate, Chinese Trade figures.

The session is expected to offer opportunities around the release of China’s Trade figures at 02:00 and also around RBNZ Rate statement at 20:00; RBNZ is expected to keep rates unchanged.

In between, at 08:00, ECB will hold its Non-Monetary policy meeting and at 13:15, Canada will release October’s Housing Starts figures.

Finally, EIA will report on its weekly Crude Inventories at 15:30.

Thursday 9th, November

Volatility to be produced around US Jobless report, SNB’s Jordan speech.

With Chinese inflation data at 01:30, volatility is likely to offer opportunities early in the session.

At 10:00, market participants may prepare for the EU Economic forecast report. In US, the Department of Labour will release the weekly Unemployment Claims report at 13:30.

Back in Europe, at 16:30, SNB Chairman Jordan will speak at the Center for Financial Studies in Frankfurt.

Friday 10th, November

A relatively volatile closing for the week owed to Aussie, UK and US data.

Friday’s session is likely to kick-off, offering opportunities to investors, as RBA’s Monetary Policy Statement is due at 00:30. At 09:30, the Office of National Statistics in the UK will produce its latest Manufacturing data.

In US, despite banks being closed in observance of Veterans Day, the US Preliminary Consumer Confidence release at 15:00 will be watched by market players.

Original Source: FXPrimus News

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