EUR/USD
The potential for a December rate increase by the Fed continues to dominate trader sentiment. Comments from Janet Yellen, and data releases last week, combined to push the pair down to 107.00 from 1.100 earlier in the week. News on unemployment, hourly earnings and job creation also proved to be slightly better than expected, backing the case for a rate rise sooner rather than later.
A slower week in terms of data releases, and a US bank holiday, could lead to lower activity over this week, with the pair expected to remain reasonably steady.
GBP/USD
The positive economic news from the US, combined with UK data which left onlookers a little flat, meant the GBP/USD dipped to 1.5020 – a level not seen since April. Some analysts felt the Bank of England may be preparing for their own rise in interest rates, but the figures did not lend support to that view – and nor did the vote. Most members of the committee are unmoved, and a rate rise looks unlikely for now. Data releases on Wednesday may encourage support for the pound.
Gold
Robust data from the US again weighed heavily on Gold, with Friday seeing another drop, as traders feel confident enough to move away from the so-called safe havens. All eyes will be on the data coming out of China this week. While recent Chinese figures are being questioned among traders, any reaction to signs of a continued slow down are likely to be magnified.
| 09/11/2015 | 3:00pm | USD | Labor Market Conditions Index m/m |
| 11:50pm | JPY | Current Account | |
| 11:50pm | JPY | Bank Lending y/y | |
| 10/11/2015 | 12:01am | GBP | BRC Retail Sales Monitor y/y |
| 12:30am | AUD | Home Loans m/m | |
| 1:30am | CNY | CPI y/y | |
| 1:30am | CNY | PPI y/y | |
| 5:00am | JPY | Economy Watchers Sentiment | |
| 6:45am | CHF | Unemployment Rate | |
| 7:30am | USD | FOMC Member Evans Speaks | |
| 7:45am | EUR | French Industrial Production m/m | |
| 1:30pm | USD | Import Prices m/m | |
| 3:00pm | USD | Wholesale Inventories m/m | |
| 5:00pm | CAD | Gov Council Member Wilkins Speaks | |
| 11:30pm | AUD | Westpac Consumer Sentiment | |
| 11:50pm | JPY | M2 Money Stock y/y | |
| 11/11/2015 | 5:30am | CNY | Industrial Production y/y |
| 5:30am | CNY | Fixed Asset Investment ytd/y | |
| 5:30am | CNY | Retail Sales y/y | |
| 7:00am | EUR | German WPI m/m | |
| 9:30am | GBP | Average Earnings Index 3m/y | |
| 9:30am | GBP | Claimant Count Change | |
| 9:30am | GBP | Unemployment Rate | |
| 10:30am | GBP | BOE Gov Carney Speaks | |
| All Day | USD | Bank Holiday | |
| 1:15pm | EUR | ECB President Draghi Speaks | |
| 11:50pm | JPY | PPI y/y | |
| 12/11/2015 | 12:00am | AUD | MI Inflation Expectations |
| 12:30am | AUD | Employment Change | |
| 12:30am | AUD | Unemployment Rate | |
| 7:00am | EUR | German Final CPI m/m | |
| 10:00am | EUR | Industrial Production m/m | |
| 1:30pm | USD | Unemployment Claims | |
| 2:30pm | USD | Fed Chair Yellen Speaks | |
| 3:00pm | USD | JOLTS Job Openings | |
| 3:15pm | USD | FOMC Member Evans Speaks | |
| 4:00pm | USD | Crude Oil Inventories | |
| 5:00pm | GBP | MPC Member Haldane Speaks | |
| 5:15pm | USD | FOMC Member Dudley Speaks | |
| 7:00pm | USD | Federal Budget Balance | |
| 8:30pm | EUR | ECB President Draghi Speaks | |
| 11:00pm | USD | FOMC Member Fischer Speaks | |
| 13/11/2015 | 4:30am | JPY | Revised Industrial Production m/m |
| 4:30am | JPY | Tertiary Industry Activity m/m | |
| 7:00am | EUR | German Prelim GDP q/q | |
| 8:15am | CHF | PPI m/m | |
| 9:30am | GBP | Construction Output m/m | |
| 10:00am | EUR | Flash GDP q/q | |
| 10:00am | EUR | Trade Balance | |
| 1:30pm | USD | Core Retail Sales m/m | |
| 1:30pm | USD | PPI m/m | |
| 1:30pm | USD | Retail Sales m/m | |
| 1:30pm | USD | Core PPI m/m | |
| 2:30pm | GBP | CB Leading Index m/m | |
| 3:00pm | USD | Prelim UoM Consumer Sentiment | |
| 3:00pm | USD | Business Inventories m/m | |
| 3:00pm | USD | Prelim UoM Inflation Expectations | |