Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.

These events can significantly affect the Forex market.

Choose and track the ones that are most important to you.

Last week, the “majors” showed a variety of trends. The US published an ambiguous report on the labor market. In October, 261,000 new jobs were created in the non-agricultural sector of the country. Market expectations were at the level of 310000. The average hourly wages did not change. Experts expected the growth rate of 0.2%. At the same time, the unemployment rate fell from 4.2% to 4.1%. Support for the US currency was also provided by optimistic data on business activity in the non-manufacturing sector of the US from ISM.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

November 6th, Monday

On Monday in the Asian trading session, the protocol of the last meeting of the Bank of Japan on the monetary policy will be published.

In the European trading session, we expect a number of indices for business activity in Germany and the Eurozone at 10:55 (GMT+2:00) and 11:00 (GMT+2:00), respectively.

At 17:00 (GMT+2:00) the index of business activity in Canada from Ivey will be published.

November 7th, Tuesday

On Tuesday, the news background will be very eventful. At 05:30 (GMT+2:00), the Reserve Bank of Australia press conference will be held. At the moment, most experts believe that the regulator will leave the key interest rate at the previous level of 1.50%.

At 17:00 (GMT+2:00) the data on the number of open jobs in the labor market JOLTS will be released.

The attention of the financial markets participants will be focused on the speeches of the ECB, the Bank of Canada and the US Federal Reserve chairmen.

November 8th, Wednesday

On Wednesday in the Asian trading session, we expect important statistics on China’s trade balance.

At 17:30 (GMT+2:00), a report on US crude oil inventories will be published, which may affect the dynamics of the commodity currencies.

At 22:00 (GMT+2:00), the Reserve Bank of New Zealand will decide on the interest rate. Experts expect that the regulator will leave the interest rate unchanged at 1.75%. We recommend paying attention to the comments of the Central Bank representatives.

November 9th, Thursday

On Thursday, the news background will be pretty calm.

We recommend you to pay attention to the following economic reports:

• The consumer price index in China at 03:30 (GMT+2:00);
• The statistics on the labor market in Switzerland at 08:45 (GMT+2:00);
• The number of initial jobless claims in the US at 15:30 (GMT+2:00).

November 10th, Friday

On Friday, the National Statistical Office of Great Britain will publish a report on production in the manufacturing industry at 11:30 (GMT+2:00).

At 17:00 (GMT+2:00) the indices of economic sentiment and consumer expectations from the University of Michigan will be released.