CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

NOVEMBER 2024 EVENTS - 31/10/2024

Micro Analysis

31 October, 2024

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (October) (November 1st at 12:30 GMT)

The previous month had unemployment at 4.1%. Nonfarm Payrolls for the previous month printed 254,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US ISM Manufacturing PMI for October (November 1st at 14:00 GMT)

ISM Manufacturing PMI previous print was 47.2. The number was lower than the expected 47.6.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • US Presidential Election (November 5th)

Republican and former President Donald Trump takes on Democrat and current Vice President Kamala Harris in a very tight Presidential Election that also includes elections for the House and Senate seats. Winning the “Battleground States” such as Pennsylvania, Arizona and Georgia give candidates the best chance of winning the Presidential vote.

Possible influence: Volatile US Dollar, Gold/Silver, US Stocks and Oil

  • Reserve Bank of Australia Interest Rate decision (November 5th at 04:30 GMT)

The RBA will meet to decide on interest rates. The current rate is 4.35%.

Possible Influence: Volatile Australian Dollar

  • Bank of England Meeting (November 7th at 12:00 GMT)

The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 5.00% and expectations are rates will be cut by 0.25% to 4.75% this month. The last BoE cut was by 0.25% in August.

Possible Influence: Volatile British Pound and British stocks

  • Federal Reserve (November 7th at 19:00 GMT)

Federal Reserve has begun its new interest rates cut cycle in September by slashing rates by 50 basis points to the current 5.00%. The bank Is highly expected to slash rates again in November, this time by 25 basis points to 4.75%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US Inflation data (October) (November 13th at 13:30 GMT)

Core CPI (excluding food and energy) was 3.3%, Year-over-Year in September. Top-line CPI for September came in at 2.4%, just above expectations of 2.3%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Retail Sales in the US for (October) (November 15th at 13:30 GMT)

Month-over-Month Retail Sales was at 0.4% in September, which was slightly higher than the 0.3% expected by the market.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • G20 Leaders’ Summit (November 18-19)

The G20 Leaders’ Summit will be held in Rio, Brazil and will gather the world’s leaders from the 20 largest economies. This year’s event is entitled “Building a Just World and Sustainable Planet” but global economic challenges and geopolitical tension will feature highly on the agenda.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Company Q3 Earnings Season (November)

The 3rd Quarter earnings season continues in November with over a third of companies still to report.

Of the major companies, Walt Disney and Applied Materials, (November 14th), CISCO Systems (November 15th) and NVIDIA (November 21st expected), among others will post results.

Possible Influence: Volatile US Stocks

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