The Week ahead of us may perhaps show a slowdown in volatility after some big moves that have been witnessed in the first week of November.
Here is a Summary & My interpretation.
China
Inflation data due on Monday & Industrial Production on Wednesday. Usually not major market movers, but can have some impact on the commodity currencies AUD & NZD
New Zealand
Financial Stability report & Press Conference on Tuesday. After last week's weak employment numbers, eyes will be on this event to see if Wheeler will be a bit more Dovish about the economic outlook
Here is a Summary & My interpretation.
China
Inflation data due on Monday & Industrial Production on Wednesday. Usually not major market movers, but can have some impact on the commodity currencies AUD & NZD
New Zealand
Financial Stability report & Press Conference on Tuesday. After last week's weak employment numbers, eyes will be on this event to see if Wheeler will be a bit more Dovish about the economic outlook
Great Britain
Earnings data and Carney speaks on Wednesday. Likely not to move the market as much after the past weeks events ("Super Thursday")
Euro
Draghi speaks on Wednesday. Unless he specifically confirms a new/addition stimulus plan (or rejects), this will likely not move markets. German GDP on Friday can cause volatility if there is a larger deviation from expectancy
United States
Unemployment Claims, Retail Sales & PPI. Volatility on these likely to be less than what we've seen in the past week (example:NFP). Downside risk is protected from last week's strong data. Yellen also due to speak, very unlikely for her to talk about the potential of a December rate hike, or steer away from anything that has already been said.
Overall, the beginning of the week will have a spotlight on NZD, with the tail end of the week on the USD. Greatest potential for volatility in the week ahead lies with the Kiwi.
Earnings data and Carney speaks on Wednesday. Likely not to move the market as much after the past weeks events ("Super Thursday")
Euro
Draghi speaks on Wednesday. Unless he specifically confirms a new/addition stimulus plan (or rejects), this will likely not move markets. German GDP on Friday can cause volatility if there is a larger deviation from expectancy
United States
Unemployment Claims, Retail Sales & PPI. Volatility on these likely to be less than what we've seen in the past week (example:NFP). Downside risk is protected from last week's strong data. Yellen also due to speak, very unlikely for her to talk about the potential of a December rate hike, or steer away from anything that has already been said.
Overall, the beginning of the week will have a spotlight on NZD, with the tail end of the week on the USD. Greatest potential for volatility in the week ahead lies with the Kiwi.