Important news between 1 and 7 November 2021 | | |
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| When: | What it influences: | | 1 November 2021 | EUR and its subsequent pairs | | |
| What's happening: | | The Retail Sales released by Germany Federal Statistical Office is a measure of German retail sector sales changes. The report displays the retail sector performance in the short term by the change in percentage. The changes are widely accepted as consumer spending indicator. The positive economic growth anticipates bullish sentiment for the EUR, while a low reading is seen negative, or bearish, for the EUR. | | Trade on majors | | |
RBA Interest Rate Decision, Australia | | |
| When: | What it influences: | | 2 November 2021 | AUD and its subsequent pairs | | |
| What's happening: | | The Reserve Bank of Australia announces the RBA Interest Rate Decision. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates, then it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the current interest rate, or cuts the interest rate, then it is seen as negative, or bearish. | | Trade AUDUSD | | |
Fed's Monetary Policy Statement, USA | | |
| When: | What it influences: | | |
| 3 November 2021 | USD and its subsequent pairs | | |
| What's happening: | | Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. This statement may influence the USD volatility and determine a short-term positive or negative trend. A hawkish view is considered positive (bullish) for the USD, whereas a dovish view is considered negative (bearish). | | Trade on majors | | |
Markit PMI Composite, Eurozone | | |
| When: | What it influences: | | |
| 4 November 2021 | EUR and its subsequent pairs | | |
| What's happening: | | The PMI monthly Composite Reports on Manufacturing and Services released by Markit Economics are based on surveys of over 300 business executives in private sector manufacturing companies and also 300 private sector services companies. The result is a percentage of respondents reporting an improvement, deterioration, or no change since the previous month. From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, a level above 50.0 signals an increase (improvement), a level below 50.0 signals a decrease (contraction). | | Trade on majors | | |
BoE Interest Rate Decision, UK | | |
| When: | What it influences: | | |
| 4 November 2021 | GBP and its subsequent pairs | | |
| What's happening: | | BoE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and rises the interest rates, it is positive (bullish) for the GBP. Likewise, if the BoE has a dovish view on the UK economy and keeps the ongoing interest rate, or cuts the interest rate, then it is seen as negative (bearish) for the GBP. | | Trade on majors | | |
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| When: | What it influences: | | |
| 5 November 2021 | USD and its subsequent pairs | | |
| What's happening: | | The Nonfarm payrolls released by the U.S. Department of Labor presents the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile. Generally speaking, a high reading is seen as positive, or bullish, for the USD, while a low reading is seen as negative, or bearish. | | Trade on majors | | |
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