{"id":9748,"date":"2024-10-28T07:26:28","date_gmt":"2024-10-28T07:26:28","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=9748"},"modified":"2024-10-28T07:26:29","modified_gmt":"2024-10-28T07:26:29","slug":"weeks-main-events-october-28-november-01","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pt\/analytics\/weeks-main-events-october-28-november-01\/","title":{"rendered":"Week&#8217;s main events (October 28 \u2013 November 01)"},"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 28 \u2013 November 01)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n<p class=\"ag-analytics_text\"><span style=\"font-weight: 400;\">This week&#8217;s main events will be data on the labor market (Nonfarm Payrolls) in the United States, as well as the Bank of Japan interest rate decision. Friday&#8217;s jobs report is expected to show that job growth slowed to a more modest 111,000 in October, reflecting the impact of strikes at several large companies, including Boeing. Regarding the Bank of Japan meeting, recent comments from Governor Ueda and other board members suggest that a rate hike is not expected on Thursday when the Bank announces its October decision. Investors should also closely monitor inflation data in Switzerland, the Eurozone, and Australia. Also, heavyweight companies in the US will be reporting this week, which will be reflected in strong volatility in stock indices.<\/span><\/p>\r\n<div class=\"ag-analytics_title\">Monday, October 28<\/div>\r\n<div class=\"ag-analytics_title-list\"><span style=\"font-weight: 400;\">No important economic events are expected on Monday that will directly impact the market situation. At the American session, we can pay attention to the speech of the Governor of the Bank of Canada, Macklem.<\/span><\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li><span style=\"font-weight: 400;\">\u2013 Canada BoC Gov Macklem Speaks at 19:30 (GMT+2).<\/span><\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Tuesday, October 29<\/div>\r\n<div class=\"ag-analytics_title-list\"><span style=\"font-weight: 400;\">Tuesday&#8217;s main report will be the JOLT&#8217;s open jobs report. The market has been reacting very strongly to this data lately. Job openings are expected to drop from 8.04M to 7.92M, which can hurt USD.<\/span><\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li><span style=\"font-weight: 400;\">\u2013 German GfK German Consumer Climate (m\/m) at 09:00 (GMT+2);<\/span><\/li>\r\n<li><span style=\"font-weight: 400;\">\u2013 US CB Consumer Confidence <\/span><span style=\"font-weight: 400;\">(m\/m) <\/span><span style=\"font-weight: 400;\">at 16:00 (GMT+2);<\/span><\/li>\r\n<li>\u2013 US JOLTs Job Openings (m\/m) at 16:00 (GMT+2).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Wednesday, October 30<\/div>\r\n<div class=\"ag-analytics_title-list\"><span style=\"font-weight: 400;\">On Wednesday, investors should closely monitor Australia&#8217;s inflation data. In annual terms, inflation is expected to fall from 2.7% to 2.3%, increasing the likelihood of a rate cut from the RBA before the end of the year. This may have a negative impact on the Australian dollar. At the European session, traders should pay attention to the data on unemployment in Germany and GDP levels in Germany and the Eurozone. Weak data may hurt the European currency. The US Crude Oil Reserves data, which has an essential impact on oil prices, should also be in focus.<\/span><\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Consumer Price Index (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 Japan Consumer Confidence (m\/m) at 07:00 (GMT+2);<\/li>\r\n<li>\u2013 Switzerland KOF Leading Indicators (m\/m) at 10:00 (GMT+2);<\/li>\r\n<li>\u2013 German Unemployment Rate (m\/m) at 10:55 (GMT+2);<\/li>\r\n<li>\u2013 German GDP (m\/m) at 11:00 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone GDP (m\/m) at 12:00 (GMT+2);<\/li>\r\n<li>\u2013 US ADP Nonfarm Employment Change (m\/m) at 14:15 (GMT+2);<\/li>\r\n<li>\u2013 US GDP (m\/m) at 14:30 (GMT+2);<\/li>\r\n<li>\u2013 German Consumer Price Index (m\/m) at 15:00 (GMT+2);<\/li>\r\n<li>\u2013 US Pending Home Sales (m\/m) at 16:00 (GMT+2);<\/li>\r\n<li>\u2013 US Crude Oil Reserves (w\/w) at 16:30 (GMT+2).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Thursday, October 31<\/div>\r\n<div class=\"ag-analytics_title-list\"><span style=\"font-weight: 400;\">Thursday will bring various statistics for many countries.<\/span> <span style=\"font-weight: 400;\">In the Asian session, traders will mainly focus on the Interest Rate Decisions from the Bank of Japan. The BoJ is expected to keep rates unchanged as the latest inflation data shows a slowdown. Therefore, the main focus will shift to inflation forecasts and BoJ head Ueda&#8217;s speeches. Any hints of a rate hike at the next meeting or hints of intervention could give the yen fuel to move higher. In the European session, the Eurozone inflation report will be published. As a rule, this report does not strongly impact volatility with euro pairs, but it may be useful for assessing further ECB monetary policy. Also, on Thursday, the US will release the PCE inflation report, considered the favorite inflation indicator for the US Federal Reserve. However, the indicators are expected to remain unchanged, which won&#8217;t be helpful to the Fed and investors this time.<\/span><\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Industrial Production (m\/m) at 01:50 (GMT+2);<\/li>\r\n<li>\u2013 Japan Retail Sales (m\/m) at 01:50 (GMT+2);<\/li>\r\n<li>\u2013 Australia Retail Sales (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 China Manufacturing PMI (m\/m) at 03:30 (GMT+2);<\/li>\r\n<li>\u2013 China Non-Manufacturing PMI (m\/m) at 03:30 (GMT+2);<\/li>\r\n<li>\u2013 Japan BoJ Interest Rate Decision (m\/m) at 05:00 (GMT+2);<\/li>\r\n<li>\u2013 Japan BoJ Monetary Policy Statement (m\/m) at 05:00 (GMT+2);<\/li>\r\n<li>\u2013 German Retail Sales (m\/m) at 09:00 (GMT+2);<\/li>\r\n<li>\u2013 Switzerland Retail Sales (m\/m) at 09:30 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone Consumer Price Index (m\/m) at 12:00 (GMT+2);<\/li>\r\n<li>\u2013 Eurozone Unemployment Rate (m\/m) at 12:00 (GMT+2);<\/li>\r\n<li>\u2013 Canada GDP (m\/m) at 14:30 (GMT+2);<\/li>\r\n<li>\u2013 US Core PCE Price Index (m\/m) at 14:30 (GMT+2);<\/li>\r\n<li>\u2013 US Initial Jobless Claims (w\/w) at 14:30 (GMT+2);<\/li>\r\n<li>\u2013 US Chicago PMI (m\/m) at 15:45 (GMT+2);<\/li>\r\n<li>\u2013 US Natural Gas Storage (w\/w) at 16:30 (GMT+2).<\/li>\r\n<\/ul>\r\n<div class=\"ag-analytics_title\">Friday, November 01<\/div>\r\n<div class=\"ag-analytics_title-list\"><span style=\"font-weight: 400;\">The most important Friday release is Nonfarm Payrolls. This data can trigger increased volatility in the market, and the Fed also considers this indicator to adjust monetary policy. After a solid 254k increase in September, the US labor market is forecast to have created 111k new jobs in October, indicating a labor market slowdown. Such a report could spook investors and cause a strong sell-off in indices at the end of the week. Also, on that day, many macro statistics on the Manufacturing PMI data from different countries will be published. <\/span><\/div>\r\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\r\n<ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Manufacturing PMI (m\/m) at 00:00 (GMT+2);<\/li>\r\n<li>\u2013 Australia Producer Price Index (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 Japan Manufacturing PMI (m\/m) at 02:30 (GMT+2);<\/li>\r\n<li>\u2013 Switzerland Consumer Price Index (m\/m) at 09:30 (GMT+2);<\/li>\r\n<li>\u2013 Switzerland Manufacturing PMI (m\/m) at 10:30 (GMT+2);<\/li>\r\n<li>\u2013 UK Manufacturing PMI (m\/m) at 11:30 (GMT+2);<\/li>\r\n<li>\u2013 US Nonfarm Payrolls (m\/m) at 14:30 (GMT+2);<\/li>\r\n<li>\u2013 US Unemployment Rate (m\/m) at 14:30 (GMT+2);<\/li>\r\n<li>\u2013 Canada Manufacturing PMI (m\/m) at 15:30 (GMT+2);<\/li>\r\n<li>\u2013 US ISM Manufacturing PMI (m\/m) at 16:00 (GMT+2).<\/li>\r\n<\/ul>\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.10.28<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\nWe 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\/pt\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (October 28 \u2013 November 01) This week&#8217;s main events will be data on the labor market (Nonfarm Payrolls) in the United States, as well as the Bank of Japan interest rate decision. Friday&#8217;s jobs report is expected to show that job growth slowed to a more modest &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[191,334,340],"tags":[],"class_list":["post-9748","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\/pt\/wp-json\/wp\/v2\/posts\/9748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/comments?post=9748"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9748\/revisions"}],"predecessor-version":[{"id":9754,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/posts\/9748\/revisions\/9754"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/media?parent=9748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/categories?post=9748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pt\/wp-json\/wp\/v2\/tags?post=9748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}