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[QUOTE="limyeeshin, post: 91453, member: 35099"] [B][U]Edition 28|November 2, 2015[/U][/B] The euro was weak against the dollar on Friday after Federal Reserve indicated possibility for interest rate hike in December at the FOMC meeting. Data in Eurozone showed slight improvements, consumer price index ticked up to zero after falling 0.1% in September and unemployment rates ticked down to 10.8% in September from 10.9% in previous month. However, the energy costs were still low and the improved data eased pressure on ECB to expand its QE program. The euro was also weak against the yen with EUR/JPY touching lows of 132.26 before settling at 132.69. The U.S. dollar also fell against other major currencies by investors trying to take profit advances in the wake of a rally. Also later the week, data in U.S. was slowed with disappointing GDP growth rate in the third quarter and shrinkages in prices that shortened the euro’s downward gap against greenback. The prices for consumer spending dropped 0.1%, the first drop since January. [IMG]http://i.imgur.com/BhbNUFv.jpg[/IMG] The dollar fell 0.38% in the late trade with 0.23% fall of the week. USD/JPY fell to lows of 120.29 on Friday and GBP/USD gained 0.76% trading at 1.5426. AUD/USD traded at 0.7135, up 0.87% and NZD/USD gained 1.3% to 0.6780. Bank of Japan lowered its growth and inflation outlook at its monetary policy meeting. It fueled expectations that it might increase monetary stimulus program next month, led the yen bullish. The yen further gained in early Asia on Monday, USD/JPY traded at 120.51, down 0.10%. Commodity linked Australian and New Zealand dollar were boosted by higher oil prices. New Zealand dollar was higher after data on NZ business confidence showing improvements for second straight month in October. But the Australian dollar fell on Monday early trading ahead of survey release as investors found downtrend data in China that Australia trades are highly related to. The official manufacturing PMI for October in China released on Sunday, showing flat at 49.8, below the 50 level. AUD/USD changed hands at 0.7123, falling 0.19%. In Australia, surveys on manufacturing, inflation and building approval data are to be released on Monday. In the week ahead, investors will be looking ahead to Central bank announcements in Australia and U.K. Also Friday’s U.S. employment can indicate the strength of the economy for the rate decisions. [B]Weekly Events and Forecasts[/B] Ahead of the coming week, Solforex has compiled a list of these and other significant events likely to affect the markets. [B][U]Monday, November 2[/U][/B] In Australia, figures on building approvals and surveys on manufacturing and inflation are to be released. Japan is to release index for PMI manufacturing. Caixin PMI manufacturing data is to be released in China. In the Eurozone, PMI manufacturing index are to be published. The UK is to publish manufacturing data. In the US, the ISM is to report on manufacturing activity. [B][U]Tuesday, November 3[/U][/B] Markets in Japan are shut for its national holiday. In Australia, Bank of Australia is to hold monetary policy meeting and announce its benchmark rate with monetary statements. Spain is to release data on movements in employment. The UK is to publish PMI index for construction. The US is to release data on factory orders and auto sales. The ECB governor Mario Draghi is to speak later of the day. [B][U]Wednesday, November 4[/U][/B] New Zealand is to release quarterly employment report. Australia is to release data on retail sales and its trade balance. In China, Caixin data on service sector is to be published. Eurozone is to release data on service sector and producer prices. The UK is to also report on service activity. The US is to publish ADP report on its employment and its trade balance. Fed Chair Janet Yellen is to testify on bank regulation at the House Financial Services Committee in Washington later the day. [B][U]Thursday, November 5[/U][/B] Reserve Bank of Australia governor Glenn Stevens is to speak at an event in Melbourne. Japan is to release minutes on its recent monetary policy meeting. Bank of England is to hold monetary policy meeting and announce its benchmark rate with statements. The bank is also to report on its quarterly inflation. In the US, data on initial jobless claims and preliminary figure on labor costs are to be released. [B][U]Friday, November 6[/U][/B] Reserve Bank of Australia is to release minutes on its monetary policy meeting. Germany is to release data on industrial production. France is to report on its trade balance. The UK is to release bundle of data on manufacturing activity, trade balance and industrial production. Canada is to publish data on movements in employment, unemployment rate and building approvals. The US is to report on employment and consumer sentiments. [/QUOTE]
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