As with the previous week, this one will start out quietly, and will only pick up in the middle of the week. This will feature interest rate decisions from the Reserve Bank of Australia, Bank of England, and the European Central Bank, as well as employment data from Australia, Canada, and the United States. For these events and more, please read on below:
Event: RBA Interest Rate Decision – Australia
Date: November 5, 2013
Time: 3:30pm (GMT)
What It Is About and Why It’s Important
While there have been no indication that the Reserve Bank would make changes to the interest rates soon, this announcement will be important as it could provide clues on how the RBA views the current economy and how it will affect its future interest rate decisions.
Event: BoJ Governor Kuroda Speech – Japan
Date: November 5, 2013
Time: 5:30am/7:45am (GMT)
What It Is About and Why It’s Important
For those looking to gain an insight on the Bank of Japan’s monetary policies, this event is a must-follow.
Event: BoJ Monetary Policy Meeting Minutes– Japan
Date: November 5, 2013
Time: 11:50pm (GMT)
What It Is About and Why It’s Important
Happening in the early morning of Wednesday in Japan, the minutes will provide an insight on the BoJ’s analysis of the country’s economic movements. The analysis could then set the tone for future fiscal policies.
Event: Unemployment Rate s.a./Employment Change s.a. (October) – Australia
Date: November 7, 2013
Time: 12:30am (GMT)
What It Is About and Why It’s Important
Analysts have been expecting Australia’s unemployment rate to continue rising in the coming months. And while it dropped slightly to 5.6% in September, it is expected to go back up again to 5.7% in October.
In terms of unemployment change, it is seen to drop to 7,500 compared to September’s 9,100.
Event: BoE Interest Rate Decision/Asset Purchase Facility – UK
Date: November 7, 2013
Time: 12:00pm (GMT)
What It Is About and Why It’s Important
While the Bank of England is not expected to make any changes to its interest rate and its asset purchase facility, these events are still a must-follow as these could provide clues on the BoE’s fiscal policy for the end of the year and in the coming months.
Event: ECB Interest Rate Decision/ECB Monetary policy statement and press conference - EU
Date: November 7, 2013
Time: 12:45/1:30pm (GMT)
What It Is About and Why It’s Important
As with Australia and the UK, the European Central Bank is not expected to make any changes to its rates. As such, it is seen to remain at 0.5%.
Event: GDP Annualised (Q3) – US
Date: November 7, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
While the United States’ annualised GDP has grown in the last quarter, the value is expected to drop to 2.0% compared to the previous 2.5%.
Event: Personal Consumption Expenditures Prices (QoQ, Q3) - US
Date: November 7, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
After contracting by -0.1% in Q2, personal consumption expenditures prices in the US for Q3 is expected to grow by 0.8%.
Event: RBA Monetary Policy Statement – Australia
Date: November 8, 2013
Time: 1:30am (GMT)
What It Is About and Why It’s Important
This statement provides an insight on the Reserve Bank’s outlook of the economy, which can then affect its monetary policy in the future and its interest rate policy.
Event: Unemployment Rate/Net Change in Employment – Canada
Date: November 8, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Canada’s unemployment rate is expected by analysts to rise to 7.0% in October compared to just 6.9% in the previous period.
Event: Nonfarm Payrolls (Oct) – US
Date: November 8, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Probably one of the most-anticipated events related to the US, the NFP could lead to volatility in the USD. From the previous 148K, it is seen to drop in October to just 130K.
Event: Unemployment Rate – US
Date: November 8, 2013
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
As with Canada and Australia, the unemployment rate in the US is also expected to rise slightly. From the previous 7.2%, it is seen to jump to 7.3%.
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