Plan your strategies for the trading week ahead with key insights from our team.
Central banks will dominate the economic calendar in the week beginning Monday 31st October.
Major events include policy verdicts from the Bank of Japan, Reserve Bank of Australia, Bank of England and the Federal Reserve.
All of those major central banks are expected to keep their policies unchanged at next week’s meetings, yet comments from the central bank governors will be interesting to traders, especially the Fed given the looming U.S presidential election on November 8. Hence, the pound, yen and Aussie dollar will all be worth keeping an eye on in the coming week.
Alongside central bank meetings, third-quarter GDP growth and October’s inflation figure out of the Eurozone both due for release on Monday, will give clues as to the economic picture within the Euro area at the moment.
Towards the end of the week, trader’s attention will shift to the US jobs market. The ADP report is due on Wednesday, while the non-farm payrolls, unemployment rate and the wages growth are due on Friday.