{"id":11683,"date":"2025-11-03T06:59:00","date_gmt":"2025-11-03T06:59:00","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=11683"},"modified":"2025-11-03T06:59:34","modified_gmt":"2025-11-03T06:59:34","slug":"weekly-overview-2025-11-03","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/analytics\/weekly-overview-2025-11-03\/","title":{"rendered":"Week&#8217;s main events (November 03 \u2013 November 07)"},"content":{"rendered":"<div class=\"ag-base_page ag-m-format-container\">\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (November 03 \u2013 November 07)<\/h1>\n<div class=\"ag-analytics-page ag-market-overview-page\">\n<p class=\"ag-analytics_text\">The prolonged US government shutdown is likely to delay the publication of several key macroeconomic data releases. The Nonfarm report may not be published for the second time in a row, which could cause serious market concern. In the area of monetary policy, interest rate decisions will be made by the Bank of England (BoE), the Reserve Bank of Australia (RBA), the Riksbank of Sweden, Norges Bank, and the Central Bank of Mexico. In addition, the market is watching for the release of updated employment statistics in Canada and inflation figures in Switzerland. At the same time, major companies, including Palantir, AMD, Berkshire Hathaway, McDonald&#8217;s, and Qualcomm, are expected to issue quarterly reports.<\/p>\n<div class=\"ag-analytics_title\">Monday, November 03<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>The trading week will begin with the publication of data on business activity in the manufacturing sector. This indicator is traditionally viewed as a gauge of the overall state of the economy, and its improvement usually supports the national currency. Special attention will be paid to inflation statistics in Switzerland. The forecast suggests a 0.1% decline in the monthly indicator, which may put short-term pressure on the Swiss franc.<\/p>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Manufacturing PMI (m\/m) at 00:00 (GMT+2);<\/li>\n<li>\u2013 Switzerland Consumer Price Index at 09:30 (GMT+2);<\/li>\n<li>\u2013 German Manufacturing PMI (m\/m) at 10:55 (GMT+2);<\/li>\n<li>\u2013 Eurozone Manufacturing PMI (m\/m) at 11:00 (GMT+2);<\/li>\n<li>\u2013 UK Manufacturing PMI (m\/m) at 11:30 (GMT+2);<\/li>\n<li>\u2013 Canada Manufacturing PMI (m\/m) at 16:30 (GMT+2);<\/li>\n<li>\u2013 US ISM Manufacturing PMI (m\/m) at 17:00 (GMT+2);<\/li>\n<li>\u2013 Canada BoC Gov Macklem Speaks (m\/m) at 20:30 (GMT+2).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Tuesday, November 04<\/div>\n<div class=\"ag-analytics_title-list\">On Tuesday, investors will focus on the Reserve Bank of Australia meeting. The consensus forecast suggests that the key rate will remain at 3.6%. Against the backdrop of the recent Fed rate cut, this could support the Australian dollar and further strengthen it against the US dollar. Traders should also keep an eye on New Zealand&#8217;s quarterly labor market report, which traditionally has a significant impact on the NZD exchange rate. The unemployment rate is expected to rise from 5.2% to 5.3%. The deterioration in the labor market could put additional pressure on the New Zealand dollar, reinforcing expectations of further RBNZ easing.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Japan Manufacturing PMI (m\/m) at 02:30 (GMT+2);<\/li>\n<li>\u2013 Australia RBA Interest Rate Decision at 05:30 (GMT+2);<\/li>\n<li>\u2013 Australia RBA Rate Statement at 05:30 (GMT+2);<\/li>\n<li>\u2013 Australia RBA Press Conference at 06:30 (GMT+2);<\/li>\n<li>\u2013 Eurozone ECB President Lagarde Speaks at 09:40 (GMT+2);<\/li>\n<li>\u2013 Eurozone ECB President Lagarde Speaks at 12:00 (GMT+2);<\/li>\n<li>\u2013 New Zealand RBNZ Financial Stability Report at 22:00 (GMT+2);<\/li>\n<li>\u2013 New Zealand Unemployment Rate at 23:45 (GMT+2);<\/li>\n<li>\u2013 US Trade Balance (Tentative) (GMT+2);<\/li>\n<li>\u2013 US JOLTs Job Openings (Tentative) (GMT+2).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Wednesday, November 05<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>On Wednesday, relatively calm dynamics are expected on the currency market. During the day, business activity indicators in the service sector will be published, which do not directly affect currency rates but help us assess the overall state of the economy. As a rule, the index&#8217;s growth supports the national currency. The Riksbank meeting will attract the most attention. The consensus forecast is for the key rate to remain at 1.75%. At the time of publication of the decision, the Swedish krona may be more volatile. It is also worth paying attention to crude oil inventory data. The situation on the oil market remains tense. OPEC+ countries continue to increase production, while inventories are at record levels. This is having a negative impact on oil prices.<\/p>\n<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Japan Monetary Policy Meeting Minutes at 01:50 (GMT+2);<\/li>\n<li>\u2013 Australia Services PMI (m\/m) at 02:30 (GMT+2);<\/li>\n<li>\u2013 Sweden Riksbank Rate Decision at 10:30 (GMT+2);<\/li>\n<li>\u2013 German Services PMI (m\/m) at 10:55 (GMT+2);<\/li>\n<li>\u2013 Eurozone Services PMI (m\/m) at 11:00 (GMT+2);<\/li>\n<li>\u2013 UK Services PMI (m\/m) at 11:30 (GMT+2);<\/li>\n<li>\u2013 Eurozone Producer Price Index (m\/m) at 12:00 (GMT+2);<\/li>\n<li>\u2013 US ADP Employment Change (m\/m) at 15:15 (GMT+2);<\/li>\n<li>\u2013 Canada Services PMI (m\/m) at 16:30 (GMT+2);<\/li>\n<li>\u2013 US ISM Services PMI (m\/m) at 17:00 (GMT+2);<\/li>\n<li>\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+2).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Thursday, November 06<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>On Thursday, the markets will focus on three central bank meetings. The Bank of England (BoE) is expected to keep its key rate at 4.0% to assess the possible impact of the upcoming budget, which will be presented later this month. A similar decision is expected from Norges Bank: keeping the rate at 4.0% would mark the second consecutive meeting without change and may support the Norwegian krone. Meanwhile, analysts expect Mexico&#8217;s central bank (Banxico) to cut its rate from 7.5% to 7.25%, citing weak economic growth and global trade uncertainty. Against this backdrop, the Mexican peso may experience short-term pressure.<\/p>\n<p>Another important report, which traders often overlook, will be published during the Asian session. This is data on wage growth in Japan. The indicator is expected to grow from 1.5% to 1.7% y\/y, which could potentially support the weakening yen (JPY) amid stimulus measures from the new prime minister.<\/p>\n<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Japan Average Cash Earnings (m\/m) at 01:30 (GMT+2);<\/li>\n<li>\u2013 Australia Trade Balance (m\/m) at 02:30 (GMT+2);<\/li>\n<li>\u2013 Japan Services PMI (m\/m) at 02:30 (GMT+2);<\/li>\n<li>\u2013 German Industrial Production (m\/m) at 09:00 (GMT+2);<\/li>\n<li>\u2013 Sweden Inflation Rate at 09:00 (GMT+2);<\/li>\n<li>\u2013 Switzerland Unemployment Rate (m\/m) at 10:00 (GMT+2);<\/li>\n<li>\u2013 Norway Norges Rate Decision at 11:00 (GMT+2);<\/li>\n<li>\u2013 UK BoE Interest Rate Decision at 14:00 (GMT+2);<\/li>\n<li>\u2013 UK BoE Rate Statement at 14:00 (GMT+2);<\/li>\n<li>\u2013 UK BoE Gov Bailey Speaks at 14:30 (GMT+2);<\/li>\n<li>\u2013 Canada Ivey PMI (m\/m) at 17:00 (GMT+2);<\/li>\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+2);<\/li>\n<li>\u2013 Mexico Interest Rate Decision at 21:00 (GMT+2);<\/li>\n<li>\u2013 US Initial Jobless Claims (Tentative) (GMT+2).<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Friday, November 07<\/div>\n<div class=\"ag-analytics_title-list\">On Friday, uncertainty surrounding the US labor market report will be a key driver of market dynamics. If the data is released, it could trigger a sharp increase in volatility. Weak employment figures could put significant pressure on the US dollar. At the same time, another delay in publication could also be perceived negatively, heightening concerns about the state of the economy and putting pressure on the US stock market. Among other macroeconomic publications, attention will focus on the Canadian employment report and Chinese trade balance data. An increase in the surplus could support Asian stock indices. In contrast, a further cooling of the Canadian labor market would increase the likelihood of a rate cut by the Bank of Canada and put pressure on the Canadian dollar.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul>\n<li>\u2013 China Trade Balance (m\/m) at 05:00 (GMT+2);<\/li>\n<li>\u2013 German Trade Balance(m\/m) at 09:00 (GMT+2);<\/li>\n<li>\u2013 Mexico Inflation Rate (m\/m) at 14:00 (GMT+2);<\/li>\n<li>\u2013 Canada Unemployment Rate (m\/m) at 15:30 (GMT+2);<\/li>\n<li>\u2013 US Michigan Consumer Sentiment (m\/m) at 17:00 (GMT+2);<\/li>\n<li>\u2013 US Unemployment Rate (Tentative) (GMT+2);<\/li>\n<li>\u2013 US Non-Farm Employment Change (Tentative) (GMT+2).<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, 2025.11.03<\/p>\n<p><a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/pl\/register\/?sl=1\">Open Account<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (November 03 \u2013 November 07) The prolonged US government shutdown is likely to delay the publication of several key macroeconomic data releases. The Nonfarm report may not be published for the second time in a row, which could cause serious market concern. In the area of monetary &#8230;<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[193,330,338],"tags":[],"class_list":["post-11683","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview","category-weekly-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/11683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/comments?post=11683"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/11683\/revisions"}],"predecessor-version":[{"id":11690,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/11683\/revisions\/11690"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/media?parent=11683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/categories?post=11683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/tags?post=11683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}