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💱 Target levels and forecast for the week 30.10. – 03.11.
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The geopolitical backdrop remains aggressive, but a likely meeting between Biden and Xi Jinping in November gives investors hope for positivity. Markets will be influenced by decisions of central banks, NFP and company reporting.
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Given geopolitics and the fall in the US debt market, the Fed will most likely not risk adjusting the rate.
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The BOJ will keep the rate, but policy easing measures may be abandoned - the yen's reaction may be inadequately strong.
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BOE will keep the rate; no changes in monetary policy are expected.
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China's PMI will affect risk appetite, inflation and Eurozone GDP will put pressure on the euro and the dollar index.
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Recall the fundamental events that you need to pay attention to (GMT 0 time):
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Tue, 31
Earnings Dates & Reports: Samsung, Pfizer, AMD, Caterpillar, BP, MSCI
CNY: Manufacturing, Composite, Non-Manufacturing PMI (01:30)
JPY: BoJ Monetary Policy Statement, Interest Rate Decision (02:30); BoJ Press Conference (06:30)
EUR: CPI, GDP (10:00)
USD: API Weekly Crude Oil Stock (20:30)
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Wed, 01
Earnings Dates & Reports: Toyota, Qualcomm, Sony, CVS, Airbnb, PayPal, Coca-Cola
USD: ADP Nonfarm Employment Change (12:15); JOLTs Job Openings, ISM Manufacturing PMI, Employment, Prices (14:00); Crude Oil Inventories (+Cushing) (14:30); FOMC Statement, Fed Interest Rate Decision (18:00); FOMC Press Conference (18:30)
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Thu, 02
Earnings Dates & Reports: Apple, Shell, ConocoPhillips, S&P Global, Starbucks
GBP: BoE Interest Rate Decision (12:00); BoE Gov Bailey Speaks (14:15)
EUR: Manufacturing PMI (09:00)
USD: Nonfarm Productivity, Initial Jobless Claims (12:30)
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Fri, 03
Earnings Dates & Reports: Alibaba, BMW, Intesa, CBOE
GBP: Composite, Services PMI (09:30)
USD: Nonfarm Payrolls (12:30); Composite, Services PMI (13:45); ISM Non-Manufacturing PMI, Employment, Prices (14:00)
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For more news − see Economic Calendar.
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Profits to y’all!