FOCUS OF THE WEEK!
Dear traders,
The first full week of November will remain saturated with statistics, among which data on business activity (PMI) will occupy a significant place.
The data on business activity in the manufacturing sector (PMI) of the eurozone will open the week, which will set the mood on the market. On Tuesday, it is worth to highlight the RBA meeting results on interest rates, data on business activity in the UK, US trade balance, business activity in the non-manufacturing sector (PMI) of the USA, and an employment report in New Zealand will close the day.
On Wednesday, from numerous statistics the meeting minutes of the Bank of Japan, business activity in the Eurozone services sector and business activity in Canada are worth highlighting. On Thursday, the main statistics will be released in Europe: the economic forecasts of the EU and the Bank of England meeting results.
On Friday, during the day, they will publish inflation data in Japan, the RBA monetary policy report and an employment report in Canada. On Saturday, there will be an inflation report in China.
The fundamental factors influencing the market will remain expectations of the signing of a trade agreement between the United States and China.
Corporate reporting calendar will be saturated this week. (Anton Hanzenko)
Have a good trading week!
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