Mueller, Fed And NFP To Guide U.S Dollar This Week
Mueller, Fed And NFP To Guide U.S Dollar This Week
OANDA Forex Blog , Benzinga Contributor
October 30, 2017
Monday October 30: Five things the markets are talking about
This is a busy week on many fronts; there are geopolitical risks in Spain (Catalonia) and the U.S, a plethora of central bank meetings and a busy season of corporate earnings along with U.S data that will keep capital markets on its toes.
The Fed (Wed. Nov. 1), the Bank of Japan (Mon. Oct 30) and Bank of England (Thu. Nov. 2) will announce their respective monetary policy decisions this week. No change is expected from the Fed or BoJ; however, Governor Carney and team are expected to hike interest rates by +25 bps to +0.5%.
Elsewhere, updates on employment in the U.S and Canada along with initial estimates of Q3 GDP in the eurozone will be announced. There are a number October manufacturing PMI's to be released from Asia, Europe and the U.S.
Corporate earning reports this week from some of the world's largest companies may show if there's enough optimism in the earnings season to push global equities to new heights.
Speculation continues around who U.S President Donald Trump will choose as the next Fed chair, with Governor Jerome Powell said to be the front-runner.
Note: Trump is expected to announce his choice ahead of his Asia trip this Friday
And today in Washington it's rumoured that special counsel Robert Mueller's probe into Russian meddling in the 2016 U.S election and possible collusion with Trump's election campaign could see an ‘arrest.'
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