Short Term Trading Week Starting: 29 Oct, page-5

https://www.investing.com/analysis/week-ahead-200351382

Week Ahead

All times listed are EDT

Monday

8:30: US – Personal Income and Spending (September): income to rise 0.4% from 0.3% MoM and spending to rise 0.4% from 0.3% MoM.

19:30: Japan – Unemployment (September): rate to remain steady at 2.4%.

Tuesday

4:55: Germany – Unemployment (October): rate to stay flat at 5.1%.

6:00: Eurozone – GDP (Q3, flash), Business Climate (October): GDP to fall to 1.9% from 2.1% YoY while remaining steady at 0.4% MoM, and business confidence index to fall to 1.14 from 1.21.

9:00: Germany – Inflation (October, preliminary): CPI to rise 2.4% YoY from 2.3%.

10:00: US – Consumer Confidence (October): confidence to fall to 136 from 138.4.

21:00: China – Manufacturing PMI (October): forecast to fall to 50.6 from 50.8.

21:00: Japan (Tentative) – BoJ Decision: expected to remain at 0.1 percent

Wednesday

1:00: Japan – Household Confidence (October): index to rise slightly, to 43.5 from 43.4.

6:00: Eurozone – CPI (October, flash); Unemployment Rate (September): CPI to remain flat at 2.1%, the same as last month YoY and core CPI to rise 1.0% from 0.9% YoY. Unemployment rate to hold at 8.1%.

8:15: US – ADP Employment Report (October): 190K jobs expected to have been created, from 230K a month earlier.

9:45: US – Chicago PMI (October): index to slip to 60.3 from 60.4. Markets to watch: US indices, USD crosses

10:30: US – Crude Oil Inventories: stockpiles to rise to 6.346 million, from a 6.3 million barrel increase a week earlier.

Thursday

5:30: UK – Manufacturing PMI (October): activity expected to decrease in the sector to 53.1 from 53.8.

8:00: UK – BoE meeting and Inflation Report: no change on policy expected, but the inflation report may provide some economic clues that could result in some GBP volatility.

10:00: US – ISM Manufacturing PMI (October): index to fall to 59.0 from 59.8.

Friday

5:30: UK – Construction PMI (October): forecast to fall to 52.0 from 52.1. Markets to watch: GBP crosses

8:30: US – Nonfarm Payrolls (October), Trade Balance (September): payrolls expected to come in at 191K from 134K a month earlier, Unemployment Rate to rise to 3.8% from 3.7%, and Average Hourly Earnings to fall to 0.2% from 0.3%. Trade balance to see deficit widen to $53.4 billion from $53.2 billion.

8:30: Canada – Employment Report (October): 10K jobs forecast to have been created, from 63,300 a month earlier, and unemployment rate to hold at 5.9%.