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Weekly Outlook: 2017, November 05 - November 12

The US dollar was mixed across the board despite big events in markets. Will this continue? The upcoming week features events from all over the world. Here are the highlights for the upcoming week.

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  1. FOMC’s Dudley talks: Monday, 17:10. The President of the New York Fed is a permanent voter and this speech in New York will be an opportunity to react to the nomination of Powell as Fed Chair, as well as the Fed’s classification of inflation as “soft” rather than transitory.
  2. Australian rate decision: Tuesday, 3:30.
  3. US JOLTS Job Openings: Tuesday, 15:00. Just after the Non-Farm Payrolls report, we get a belated, yet meaningful figure for the Fed. The number of job openings and quits serves as a gauge of the wider jobs market. Back in August, the number of opening stood at 6.08 million, maintaining the high ground above 6 million. A similar figure is likely now: 5.98 million.
  4. New Zealand rate decision: Wednesday, 20:00. The interest rate stands at 1.75% since late 2016, when it was last reduced. The big downfall of the exchange rate should keep the acting governor Grant Spence and his team happy and they are unlikely to cut interest rates. The new Labour-led government is expected to change the mandate of the RBNZ, and this point will also feature
  5. US jobless claims: Thursday, 13:30. A small rise from 229K to 231K is on the cards.
  6. US consumer confidence: Friday, 15:00. A score of 101 is projected.

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This post first appeared on Activity Stream - Newdigital World, please read the originial post: here

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Weekly Outlook: 2017, November 05 - November 12

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