Interest Rate Decision by FED, BoE and BoJ! and NFP report will be released this week!

October 30, 2017

Investors Eye Fed’s Decision, Payrolls Report.

Interest Rate Decision by FED, BoE and BoJ! and NFP report will be released this week!

This article is originally referred from FXPrimus News

FXPrimus has summarized the important indicators and market events of the week!

This week’s indicators

Following a busy week on Bank decisions, economic events and Dollar Index surging to a nearly 2 ½ month high, another volatile week is coming with Bitcoin reaching an all time high at $6200.

Fed’s rate decision is scheduled for Wednesday and despite the ‘no-change’ analyst expectations, investors are looking forward to the event; the post-meeting statement will provide clues on December’s decision.

On Friday, September’s NFP report will be released.

Furthermore, it will be interesting to see the revisions made on last month’s positive GDP release and data collection; the latter was affected by the hurricanes.

BoE and BoJ are also to announce their rate decision on Thursday and Tuesday respectively; on Tuesday Eurozone is to release the latest inflation figures.

DOLLAR INDEX DAILY CHARTv

October 30th, MONDAY

A relatively quiet session compared to the rest of the week with a few economic events globally.

This Monday a number of economic events are to occur, however, not as major. Since Germany released its latest Retail Sales at 07:00, already next up is the UK’s report on Net Lending at 09:30.

At 10:00, Europe is scheduled to release its Consumer and Industrial Confidence and hours later, at 12:30, US is expected to publish the Core PCE and Personal Spending reports.

October 31st, TUESDAY

A volatile session is expected with BoJ and Eurozone in the spotlight.

On Tuesday at 03:00, the Bank of Japan is going to announce its latest rate decision while at 03:50 and 06:30, the Policy Statement and Press Conference are due.

In Europe, Eurostat is scheduled to publish the latest CPI and GDP figures. Canada will also publish its GDP figures at 12:30 and this will be followed by Poloz Speech at 19:30.

November 1st, WEDNESDAY

Investors are going to focus on Fed’s decision and Policy Statement.

The session is expected to offer opportunities around the release of UK’s Manufacturing PMI at 09:30 and during US’s ISM Manufacturing PMI report at 14:00.

Fed’s interest rate decision is taking place at 18:00 while at the same time the Monetary Policy Statement is also scheduled.

Market participants look forward for Fed Chair to provide clues on the possibility of another rate hike by year end.

November 2nd, THURSDAY

Wild fluctuations expected during BoE’s interest rate decision and bank votes.

The session starts with Australia’s Trade Balance report at 00:30 and Building Permits at 01:30.

At 09:00, Germany is scheduled to release its latest Unemployment data.

The day’s highlights are BoE’s Interest Rate Decision and Votes on interest rates; the inflation report is also expected at the same time.

Governor Carney is to speak thirty minutes later, at 12:30, while the US Jobless Claims will be released concurrently.

November 3rd, FRIDAY

A highly volatile close for the first week in November as US releases its latest Payroll numbers.

Friday’s session is expected to be volatile for the US Dollar and related pairs around the release of September’s NFP and Unemployment Rate figures at 12:30.

Opportunities for traders are to be produced during the release as well as at 14:00 as the ISM Non-Manufacturing PMI is scheduled for release.

Original Source: FXPrimus News

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