October 29 - November 3, 2023 Economic report and policy meetings
October 29
Australia: Retail Sales (MoM) Preliminary – September
October 30
Australia: Reserve Bank of Australia Jones Speech, Housing Credit (MoM) – September
Canada: Bank of Canada Governor Macklem Speech
China: NBS Manufacturing Purchasing Managers Index (PMI) – October, NBS Non-Manufacturing PMI – October
Euro-Zone: Consumer Confidence Final – October, Economic Sentiment – October, Industrial Sentiment – October, Spain: Business Confidence – October, Spain: Inflation Rate (MoM) Preliminary – October, Inflation Rate (YoY) Preliminary – October, Germany: GDP Growth Rate (YoY) Flash – 3rd Qtr., GDP Growth Rate (QoQ) Flash – 3rd Qtr., Germany: Inflation Rate (YoY) Preliminary – October, Inflation Rate (MoM) Preliminary - October
Japan: Bank of Japan Interest Rate Decision, Bank of Japan Quarterly Outlook Report, Consumer Confidence – October, Housing Starts (YoY) – September, Unemployment Rate – September, Industrial Production (YoY) Preliminary – September, Retail Sales (YoY) – September
Netherlands: Inflation Rate (YoY) Preliminary - October
New Zealand: Building Permits (MoM) – September, ANZ Business Confidence - October
Switzerland: KOF Leading Indicators - October
U.K.: Mortgage Approvals – September, Mortgage Lending - September
U.S.: Dallas Federal Reserve Manufacturing Index – October 3 & 6-Month Bill Auctions
October 31
Australia: Ai Group Industry Index – October, Judo Bank Manufacturing Purchasing Managers Index (PMI) Final – October, Building Permits (MoM) Preliminary – September
Brazil: Unemployment Rate - September
Canada: GDP (MoM) – August, GDP (MoM) Preliminary – September
China:
Euro-Zone: Core Inflation Rate (YoY) Flash – October, GDP Growth Rate (QoQ) Flash – 3rd Qtr., GDP Growth Rate (YoY) Flash – 3rd Qtr., Inflation Rate (MoM) Flash – October, Inflation Rate (YoY) Flash – October, Germany: Retail Sales (YoY) – September, France: Inflation Rate (YoY) Preliminary – October, Inflation Rate (MoM) Preliminary – October, Italy: GDP Growth Rate (YoY) Advance – 3rd Qtr., GDP Growth Rate (QoQ) Advance – 3rd Qtr., Italy: Inflation Rate (YoY) Preliminary – October, Inflation Rate (MoM) Preliminary – October
Hong Kong: GDP Growth Rate (QoQ) Advance – 3rd Qtr., GDP Growth Rate (YoY) Advance – 3rd Qtr.
India: S&P Global Manufacturing Purchasing Managers Index (PMI) - October
Indonesia: Inflation Rate (YoY) – October
Mexico: GDP Growth Rate (YoY) Preliminary – 3rd Qtr.
New Zealand: Reserve Bank of New Zealand Financial Stability Report, Employment Change (QoQ) – 3rd Qtr., Unemployment Rate – 3rd Qtr.
Poland: Inflation Rate (MoM) Preliminary – October, Inflation Rate (YoY) Preliminary – October
Russia: S&P Global Manufacturing Purchasing Managers Index (PMI) – October
South Africa: Balance of Trade – September
South Korea: Exports (YoY) – October, S&P Global Manufacturing Purchasing Managers Index (PMI) - October
Switzerland: Retail Sales (YoY) – September
Taiwan: GDP Growth Rate (YoY) Advance – 3rd Qtr.
U.S.: Conference Board Consumer Confidence – October, Employment Cost – Benefits (QoQ) – 3rd Qtr., Employment Cost – Wages (QoQ) – 3rd Qtr., House Price Index (MoM) - August
November 1
Australia: Balance of Trade – September, Home Loans (MoM) – September, Investment Lending for Homes – September
Brazil: Industrial Production (MoM) – September, Balance of Trade – October, Interest Rate Decision
Canada: S&P Global Manufacturing Purchasing Managers Index (PMI) – October, Bank of Canada Governor Macklem Speech
Japan: Foreign Bond Investment – October 28th
Mexico: Business Confidence - October
South Korea: Inflation Rate (YoY) - October
Russia: Unemployment Rate – September
Switzerland: procure.ch Manufacturing Purchasing Managers Index (PMI) – October
U.K.: Nationwide Housing Prices (YoY) – October, S&P Global/CIPS Manufacturing Purchasing Managers Index (PMI) Final - October
U.S.: Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) – October, Federal Reserve Interest Rate Decision, Federal Reserve Press Conference, Construction Spending (MoM) – September, ADP Employment Change – October, S&P Global Manufacturing Purchasing Managers Index (PMI) Final – October, MBA 30-Year Mortgage Rate (October 27), MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (October 27), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (October 27), Department of Energy (DOE) U.S. Crude Oil Inventories (October 27), DOE Cushing OK Crude Inventory (October 27), DOE U.S. Gasoline Inventories (October 27), DOE U.S. Distillate Inventory (October 27), DOE U.S. Refinery Utilization (October 27), DOE Crude Oil Implied Demand (October 27), Gasoline Implied Demand (October 27), Distillate Implied Demand (October 27), API Crude Oil Stock Change (October 27), EIA Natural Gas Stocks Change – October 27
The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey for September. There were 9.61 million job openings on the last business day of August, down from a peak of just over 12 million in March of 2022, but still well above historical averages. The Federal Open Market Committee announces its monetary-policy decision. Wall Street is nearly unanimous in expecting the FOMC to leave the federal-funds rate unchanged at 5.35%-5.50%. Traders are pricing in a one in five chance that the Fed will hike interest rates by a quarter of a percentage point at its last meeting of the year, in mid-December.
November 2
Australia: Judo Bank Services Purchasing Managers Index (PMI) Final – October, Reserve Bank of Australia (RBA) Jones Speech
China: Caixin Composite Purchasing Managers Index (PMI) – October, Caixin Services PMI – October
Euro-Zone: HCOB Manufacturing Purchasing Managers Index (PMI) Final – October, Spain: HCOB Manufacturing Purchasing Managers Index (PMI) – October, Italy: HCOB Manufacturing PMI – October, France: HCOB Manufacturing PMI Final – October, Germany: Unemployment Change – October, Unemployment Rate – October, HCOB Manufacturing PMI Final – October, Unemployed Persons - October
Norway: Norges Bank Interest Rate Decision, Norges Bank Press Conference
Switzerland: Inflation Rate (YoY) – October, Consumer Confidence – 4th Qtr.
U.K.: Bank of England (BoE) Interest Rate Decision, BoE Monetary Policy Report, BoE MPC Vote Cut, BoE MPC Vote Hike, BoE MPC Vote Unchanged, MPC Meeting Minutes
U.S.: Continuing Jobless Claims – October 21, Initial Jobless Claims – October 28, Factory Orders (MoM) – September
November 3
Canada: Employment Change – October, Unemployment Rate – October, Average Hourly Wages (YoY) – October, Full Time Employment Change - October
China: Current Account Preliminary – 3rd Qtr.
Euro-Zone: Unemployment Rate – September, Germany: Balance of Trade – September, Exports (MoM) – September, France: Industrial Production (MoM) -September, Spain: Unemployment Change – October, Italy: Unemployment Rate – September
U.K.: S&P Global/CIPS Services Purchasing Managers Index (PMI) Final – October
U.S: Non-Farm Payrolls – October, Unemployment Rate – October, Average Hourly Earnings (MoM) – October, Average Hourly Earnings (YoY) -October, Average Weekly Hours – October, Nonfarm Private Payrolls – October, Participation Rate – October, S&P Global Composite Purchasing Managers Index Final – October, S&P Global Services PMI Final – October, Institute of Supply Management (ISM) Services Purchasing Managers Index (PMI) – October, ISM Services Employment – October, Federal Reserve Barr Speech, Baker Hughes U.S. Rig Count – November 3
The BLS releases the jobs report for October. Consensus estimate is for the economy to have added 175,000 jobs, after an increase of 336,000 in September. The unemployment rate is expected to remain unchanged at a historically low level of 3.8%.
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
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