In terms of volatility risks, this week is extremely heavy with political events, as well as central bank decisions.
What to watch for over the coming days:
- Central Banks: Reserve Bank of Australia (RBA) will announce the rate decision on Tuesday. Reserve Bank of New Zealand (RBNZ) will announce the rate decision on Wednesday. Federal Reserve will announce the rate decision on Wednesday.
- Economic data: Services PMI reports from all over the world on Tuesday. New Zealand’s Q3 unemployment report will be published on Tuesday. China’s October trade balance report will be published on Thursday. UK’s GDP report on Friday. U.S. PPI inflation numbers on Friday.
- Geopolitics: The biggest event of the week is U.S. Mid-term election, which will take place on November 6th, Tuesday. President Trump is likely to hold a meeting with President Putin on the coming Sunday.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and Korean peninsula are likely to keep influencing the market.
Subscribe to our services free of charge
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
If you find our content useful, you can donate via PayPal.