- US ISM Manufacturing PMI (October) (November 1st at 15:00 GMT)
September’s PMI printed at 61.1. The consensus forecast for October is 60.4.
Possible influence: Volatile US Dollar, Gold and US Stocks
- The Reserve Bank of Australia Meeting (November 2nd at 03:30 GMT)
Current rates in Australia are set at 0.10% and no change is forecasted
Possible Influence: Volatile AUDUSD
- Fed Meeting and Interest Rate Decision (November 3rd 18:00 GMT)
Fed expected to hold rates at 0.25% but is likely to make an announcement on tapering and give signals on a possible rate hike next year
Possible influence: Volatile US dollar, Gold and US Stocks
- Bank of England Meeting (November 4th (12:00 GMT)
Bank of England expected to keep rates at 0.10% but may signal a rate hike for December
Possible influence: Volatile GBP/USD
- OPEC and Non OPEC Ministerial Meeting (November 4th)
OPEC and Non OPEC meeting expected to confirm sticking to its current production deal
Possible Influence: Volatile Brent and Crude Oil (WTI) prices
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (October) (November 5th at 12:30 GMT)
The Unemployment rate for September was 4.8%. It is expected to remain 4.8% in October. Non-Farm Payrolls are expected to rise to 385,000 for October, higher than September’s figure of 194,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Inflation data in US (October) (November 10th at 12:30 GMT)
Core CPI (excluding food and energy) was 4.0%, Year-over-Year in September. October’s Core CPI is expected to rise to 4.1%, Year-over-Year. Top-line CPI for September came in at 5.4%, Year-over-Year. The forecast for Top-line CPI for October is 5.5%, Year-over-Year.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Retail Sales in US (October) (November 16th at 12:30 GMT)
Retail Sales rose 0.7%, Month-over-Month, in September. Retail Sales for October are forecast to increase 0.2%, Month-over-Month. Core Retail Sales in August climbed 1.8%, Month-over-Month. They are expected to drop 0.1%, Month-over-Month, in October.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- US Earnings Season (November)
3rd Quarter Earnings Reporting Season continues in November. Companies posting their 3rd Quarter results include Pfizer, Moderna, Novavax, Uber, Alibaba, Square, American International Group, Berkshire Hathaway, Plug Power, Virgin Galactic, Walt Disney, Beyond Meat, and Applied Materials.
Possible Influence: Volatile US Stocks
- U.S. Fiscal Spending and Debt Ceiling (November)
The Democratic Leadership in Congress is still struggling to advance the $1.2 trillion bipartisan infrastructure bill and the latest version of the social spending/clean energy bill which is now valued at $1.7 trillion. The Democrats hold a slim majority in the House and 50 votes in the U.S. Senate that requires Vice-President Harris to tie-break bills over the line. Thi requires their entire caucus to agree on issues, which they do not. In addition, the debt ceiling matter will come back into focus at the end of November since the recent extension will only give the United States until December 3rd before they run out of money.
Possible Influence: Volatile US Stocks and Indices, Global Stocks and Indices, Commodities, Currencies