The weekend is the perfect opportunity to plan about the upcoming week. A look at the economic calendar for the upcoming week reveals some interesting events, which will definitely provide some trading opportunities.


  • The monetary policy statement from Australia on Tuesday morning will provide the good opportunity. The expectation is the cash rate will remain at 1.5%. The market will be watching the tone of the statement.
  • AUD GDP follows on Wednesday morning. A 3% growth rate in the 3rd quarter is expected. This is a very optimistic expectation and is matched will provide an opportunity to buy the AUD
  • Canada rate decision on Wednesday is also interesting. The market expects a hold at 1%. with the recent GDP release for September and employment numbers being bullish, a positive surprise may be possible.

  • Friday is NFP day. 200k is the number of jobs expected to be added and the unemployment rate expected at 4.1%. I have a feeling the number will be stronger than 200k as the nation recovers from the effects of a devastating hurricane.
So relax and prepare for the week ahead.
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