What is it? It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future.

When? November 11th at 3:00pm Eastern Time.

 

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the NZD to rise.

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US stocks climbed higher and closed at record levels once again. Gains came after Mario Draghi, the President of the European Central Bank, spoke during a press conference and reaffirmed that they are prepared to inject stimulus as soon as needed. U.S. data releases also boosted sentiment.

Asian markets were mixed. Gains were seen as the Dollar climbed higher against the yen and reached a high of ¥115.5.

European markets are higher today as traders await the NFP release. Although the figure is forecast to be lower than last month, positive data is now expected as data throughout the week has been consistently strong.

Oil declined after OPEC predicted that demand may fall to a 14 year low in 2017. Then price is now climbing ahead of the NFP release as traders are expecting positive results. Increased labor should lead to greater demand for oil. Gold is trading around a 4 year low as the Dollar continues to rally. Physical demand has not yet picked up and so we can see that traders believe the price will continue to drop.

 

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What is it? It checks the difference in value between imported and exported goods during the previous month.

Export demand and currency demand are directly linked because foreigners usually buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? November 7th sometime during the day.

 

Trading Tip: If the number is higher than the forecast, you can expect the CNY to rise.

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What is it? Fed Chair Yellen is due to participate in a panel discussion titled "Policy Since the Onset of the Financial Crisis" at the Bank of France's Symposium "Central Banking: The Way Forward?," in Paris. Audience questions expected.

As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? November 7th at 10:15am Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the USD to rise.

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