Market Opportunities : Week 31-10-2022 - 04-11-2022 | IFCM Tanzania
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Market Opportunities : Week 31-10-2022 - 04-11-2022

USDIDX: There will be a lot of important economic data from October 31 to November 4 in the US. Of course, the Fed meeting, which will take place on November 2, on Wednesday, can be considered the main one. With almost 100% probability, the rate will be increased by 0.75% - up to 4% from the current level of 3.25%. The day before, on Tuesday, November 1, the ISM United States Manufacturing Purchasing Managers Index (PMI) indicator of business activity in the industry will be released, which you can also pay attention to. On Friday, November 4, the report on the labor market for October and the number of new jobs in the non-farm sector (United States Nonfarm Payrolls) will be published. This indicator is likely to influence the dynamics of the dollar throughout the first half of November.

AUDUSD: On November 1, the next meeting of the Reserve Bank of Australia (RBA) will take place. The rate is expected to increase by 0.25% - up to 2.85% from the current level of 2.6%.

GBPUSD: The next meeting of the Bank of England (BoE) will take place on November 3rd. The rate is expected to increase by 0.5% - up to 2.75% from the current level of 2.25%.

USDCAD: On November 4 in Canada, as well as in the US, data on the labor market for October will be released and the Canada Employment Change indicator will be published.
Key Events to Watch
DateCountryEventForecastPrevious
2022-10-31
JPY
Japan Retail Sales m/m 0.6%1.4%
2022-10-31
AUD
Australia Retail Sales m/m -0.2%0.6%
2022-10-31
CNY
China Manufacturing Purchasing Managers Index (PMI) 49.250.1
2022-10-31
CNY
China Non-Manufacturing Purchasing Managers Index (PMI) 51.950.6
2022-10-31
CNY
China Composite Purchasing Managers Index (PMI) 50.9
2022-10-31
HKD
Hong Kong Gross Domestic Product (GDP) q/q -0.2%1.0%
2022-10-31
EUR
European Union Gross Domestic Product (GDP) q/q 0.7%0.8%
2022-10-31
MXN
Mexico Gross Domestic Product (GDP) q/q -0.7%0.9%
2022-11-01
AUD
Reserve Bank of Australia (RBA) Interest Rate Decision 2.60%
2022-11-01
USD
United States JOLTS Job Openings 10.127 M10.053 M
2022-11-01
USD
ISM United States Manufacturing Purchasing Managers Index (PMI) 51.850.9
2022-11-02
NZD
New Zealand Employment Change q/q 0.6%0.0%
2022-11-02
NZD
Reserve Bank of New Zealand Governor Orr Speech
2022-11-02
USD
ADP United States Nonfarm Employment Change -163 K208 K
2022-11-02
USD
EIA United States Crude Oil Stocks Change
2022-11-02
USD
Federal Reserve System (Fed) Interest Rate Decision 3.25%
2022-11-02
USD
Federal Open Market Committee (FOMC) Press Conference
2022-11-03
NOK
Norges Bank Interest Rate Decision 2.25%
2022-10-03
GBP
Bank of England (BoE) Interest Rate Decision 2.25%
2022-11-03
USD
ISM United States Non-Manufacturing Purchasing Managers Index (PMI) 56.856.7
2022-11-03
GBP
Bank of England (BoE) Governor Bailey Speech
2022-11-04
CAD
Canada Employment Change 20.0 K21.1 K
2022-11-04
USD
United States Nonfarm Payrolls -97 K263 K
2022-11-04
CAD
Ivey Canada Purchasing Managers Index (PMI) 61.359.5
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