We end this week with Unemployment Rate in the US and Building Permits in Canada as the major events of the day. Here is an outlook on the market-movers awaiting us.
In the US, Non-Farm Employment Change, Value the employed people during the previous month (not including the farming industry); rise from 96K on September up to 115K is likely now.
Later in the US, Unemployment Rate, The percentage the unemployed that are actively seeking for jobs over the last month, no rise of 0.1% is due up to 8.2% this time.
Later on in the US, Average Hourly Earnings, Value the price change for labor by businesses (without the farming industry, rise up to 0.2% is due now.
More in the Us, Elizabeth Duke, Federal Reserve Governor, is due to speak in New York.
Finally in the Us, Consumer Credit, All the outstanding consumer credit that requires payment, rise from -3.3B on September up to 6.8B this time.
In Canada, Building Permits, Value all the new building permits that were issued on the past month, -0.7% is likely now from -2.3% on September.
More in Canada, Employment Change, Monthly indicator for the employed people, 11.7K is calculating now from 34.3K on September.
Finally in Canada, Unemployment Rate, The percentage all the unemployed that are looking for jobs, 7.3% is estimated now with no change from the last month report.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, German Factory Orders, all the new manufacturers’ purchase orders, -0.4% is forecasted now from 0.5% on the last monthly report.
Later in Europe, Final Gross Domestic Product (GDP), -0.2% is due now with no change form the last quarter.
For more on the Euro, read the Euro to dollar forecast.
In Switzerland, Foreign Currency Reserves, all the foreign currency reserves that is held by the Swiss National Bank (SNB); 418.4B is due similar to the last time.
Read more about the Swiss franc in the USD/CHF forecast.
In Japan, Monetary Policy Statement, Bank of Japan (BOJ) uses it to communicate with investors regarding financial policy; it projects the economic outlook and future rate decisions. It is usually followed by BOJ Press Conference. And on the Overnight Call Rate no change is likely and 0.10% is due to remain.
Later in Japan, Leading Indicators, rise of 0.6% from September is predicted up to 93.6%.
Read more about the yen in the USD/JPY forecast.
Trade well
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