Sean Callow, an analyst at Westpac noted the key events ahead.
Key Quotes:
“Australia’s official data calendar turns quiet this week, with the local focus the RBA meeting Tuesday and quarterly statement on Friday. The key event for AUD this week is probably the US midterm election results on Wednesday.
The Oct China services PMI from Markit/Caixin is due at 12:45pm Syd/9:45am Sing/HK. The Sep headline index was 53.1.
The US Oct non-manufacturing ISM survey is the key release, though somewhat in the shadow of Friday’s employment report, which it sometimes precedes. The Sep overall index was an extremely high 61.6, so some degree of pullback would not be of concern.”
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