{"id":5882,"date":"2023-10-30T14:59:08","date_gmt":"2023-10-30T14:59:08","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=5882"},"modified":"2023-10-30T14:59:08","modified_gmt":"2023-10-30T14:59:08","slug":"weekly-overview-2023-10-30-5","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/es\/company\/news\/weekly-overview-2023-10-30-5\/","title":{"rendered":"Week&#8217;s main events (October 30 &#8211; November 03)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (October 30 &#8211; November 03)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n  <p class=\"ag-analytics_text\">\r\nThe main events this week will be data on the labor market (Nonfarm Payrolls) in the United States, as well as interest rate decisions of the central banks of the United States, the United Kingdom, and Japan. Analysts forecast that the Bank of England&#160;(BoE) and the Federal Reserve&#160;(RBA) will keep rates unchanged. The Bank of Japan will also leave interest rates unchanged, but there could be changes in the management of the YCC yield curve, leading to a stronger yen. Investors should also keep a close eye on European data, especially inflation and GDP. Also, this week, there will be a lot of macroeconomic statistics on manufacturing PMI and services PMI data, which will give an indication of global economic trends in key economies.\r\n  <\/p>\r\n\r\n\r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, October&#160;30\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Monday, traders will be focused on economic data from Germany \u2013 GDP and inflation rate. Analysts predict a decline in inflation, but the region&#8217;s largest economy will show a contraction over the past month.\r\n  <\/div>\r\n\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Retail Sales (m\/m) at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland KOF Leading Indicators (m\/m) at&#160;10:00&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 German GDP (m\/m) at&#160;11:00&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 German Consumer Price Index (m\/m) at&#160;15:00&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 Canada BoC Gov Macklem Speaks at&#160;21:30&#160;(GMT+2).\r\n    <\/li>\r\n    \r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday,&#160;October&#160;31\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe main event on Tuesday will be the decision of the Central Bank of Japan. No change in the interest rate is expected, but amid the Bank of Japan&#8217;s regular FX intervention last week, markets expect the BoJ to consider a change in yield curve management policy with an upward adjustment to the inflation forecast. Volatility in currency pairs with the Japanese yen will increase. Traders should also pay attention to the Eurozone inflation data. Economists expect a further decline in core inflation, which is negative for the European currency. There will also be important New Zealand labor market data at the end of the trading day.\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Unemployment Rate (m\/m) at&#160;01:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Industrial Production (m\/m) at&#160;01:50&#160;(GMT+2);\r\n\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Japan Retail Sales (m\/m) at&#160;01:50&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 China Manufacturing PMI (m\/m) at&#160;03:30&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 China Non-Manufacturing PMI (m\/m) at&#160;03:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan BoJ Interest Rate Decision at&#160;04:30&#160;(GMT+2);\r\n\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Japan BoJ Monetary Policy Statement at&#160;04:30&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 Japan BoJ Press Conference at&#160;08:30&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 German Retail Sales (m\/m) at&#160;09:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Consumer Price Index (m\/m) at&#160;12:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone GDP (q\/q) at&#160;12:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Canada GDP (m\/m) at&#160;14:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Chicago PMI (m\/m) at&#160;15:45&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US CB Consumer Confidence (m\/m) at&#160;16:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 New Zealand Unemployment Rate at&#160;23:45&#160;(GMT+2).\r\n    <\/li>\r\n    \r\n\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, November &#160;01\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nWednesday will bring various statistics for many countries. The Fed will hold a monetary policy meeting. Most investors believe the Fed is done tightening policy after Chairman Jerome Powell said rising long-term yields reduce the need for further rate hikes, although some believe another rate hike could come at the central bank&#8217;s next meeting in December. Volatility on currencies with the US dollar and gold will be high. Also, that day, a lot of macrostatistics on the Manufacturing PMI data from different countries will be published. The US Crude Oil Reserves data, which has a great impact on oil prices, should also be in focus. It\u2019s a bank holiday in France and Italy.\r\n\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 New Zealand RBNZ Gov Orr Speaks at&#160;00:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Japan Manufacturing PMI (m\/m) at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland Manufacturing PMI (m\/m) at&#160;10:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 UK Manufacturing PMI (m\/m) at&#160;11:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US ADP Nonfarm Employment Change (m\/m) at&#160;14:15&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland SNB Chairman Thomas Jordan speaks at&#160;14:40&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Canada Manufacturing PMI (m\/m) at&#160;15:30&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 US ISM Manufacturing PMI (m\/m) at&#160;16:00&#160;(GMT+2);\r\n\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US JOLTs Job Openings (m\/m) at&#160;16:00&#160;(GMT+2);\r\n    <\/li>\r\n        <li class=\"ag-analytics_item\">\r\n\u2013 US Crude Oil Reserves (w\/w) at&#160;16:30&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 US FOMC Statement at&#160;20:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Fed Interest Rate Decision at&#160;20:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US FOMC Press Conference at&#160;20:30&#160;(GMT+2).\r\n    <\/li>\r\n  \r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, November 02\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Thursday, traders will mainly focus on the Interest Rate Decisions from the Bank of England. Investors expect the Bank of England to keep rates at a 15-year high of 5.25% while leaving open the possibility of raising them further if necessary. Investors should also keep a close eye on the inflation rate in Switzerland and the Interest Rate Decision from the Bank of Norway.\r\n\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Australia Trade Balance (m\/m) at&#160;02:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Hong Kong Interest Rate Decision (m\/m) at&#160;04:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland Consumer Price Index (m\/m) at&#160;09:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Manufacturing PMI (m\/m) at&#160;10:55&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Unemployment Rate (m\/m) at&#160;10:55&#160;(GMT+2);\r\n    <\/li>\r\n       <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Manufacturing PMI (m\/m) at&#160;11:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Norwegian Interest Rate Decision (m\/m) at&#160;11:00&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 UK BoE Interest Rate Decision (m\/m) at&#160;14:00&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 UK BoE Monetary Policy Statement (m\/m) at&#160;14:00&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 UK BoE Gov Bailey Speaks at&#160;14:30&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 US Initial Jobless Claims (w\/w) at&#160;14:30&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 US Natural Gas Storage (w\/w) at&#160;16:30&#160;(GMT+2);\r\n    <\/li>\r\n     <li class=\"ag-analytics_item\">\r\n\u2013 Switzerland SNB Chairman Thomas Jordan speaks at&#160;19:00&#160;(GMT+2);\r\n    <\/li>\r\n    \r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, November 03\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe most important Friday release is Nonfarm Payrolls. This data can trigger increased volatility in the market, and this indicator is also taken into account by the Fed to adjust monetary policy. After creating 336,000 new jobs in September, economists are expecting more moderate job growth of 182,000, which is still consistent with a robust labor market. Indications of continued strength in the labor market could add to bets on how aggressive the Fed may be in tightening monetary policy at the December meeting. Traders should also keep a close eye on Canadian labor market data, where a weak report is expected, increasing the likelihood that the Bank of Canada will not raise rates this cycle.\r\n\r\n  <\/div>\r\n\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 German Trade Balance (m\/m) at&#160;09:00&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 UK Services PMI (m\/m) at&#160;11:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Eurozone Unemployment Rate (m\/m) at 12:00 (GMT+2);\r\n    <\/li>\r\n        <li class=\"ag-analytics_item\">\r\n\u2013 US Nonfarm Payrolls (m\/m) at&#160;14:30&#160;(GMT+2);\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 US Unemployment Rate (m\/m) at&#160;14:30&#160;(GMT+2);\r\n\r\n    <\/li>\r\n    <li class=\"ag-analytics_item\">\r\n\u2013 Canada Unemployment Rate (m\/m) at&#160;14:30&#160;(GMT+2);\r\n    <\/li>\r\n      <li class=\"ag-analytics_item\">\r\n\u2013 US ISM Services PMI (m\/m) at&#160;16:00&#160;(GMT+2).\r\n    <\/li>\r\n  <\/ul>\r\n\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2023.10.30<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/es\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (October 30 &#8211; November 03) The main events this week will be data on the labor market (Nonfarm Payrolls) in the United States, as well as interest rate decisions of the central banks of the United States, the United Kingdom, and Japan. Analysts forecast that the Bank &#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[346],"tags":[],"class_list":["post-5882","post","type-post","status-publish","format-standard","hentry","category-news"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/5882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/comments?post=5882"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/5882\/revisions"}],"predecessor-version":[{"id":5883,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/5882\/revisions\/5883"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/media?parent=5882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/categories?post=5882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/tags?post=5882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}