Forex – Weekly Outlook: November 5 – 9

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Investing.com – This week the U.S. mid-term elections and the Federal Reserve’s November meeting will be the main events in focus as markets continue to digest Friday’s strong U.S. employment report.

Voters on Tuesday will decide key races in Congress and state governments and the results could influence the Trump administrations ability to pass additional tax and trade reforms.

The Fed will begin its two day meeting on Wednesday, with markets anticipating no change to interest rates ahead of a widely expected rate hike in December.

Investors will also be watching Monday’s non-manufacturing PMI data from the Institute of Supply Management, as well as Thursday’s weekly jobless claims figures and Friday’s report on consumer sentiment.

Outside of the U.S. investors will get an update on the health of the UK economy on Friday, with the latest GDP data.

Read more at : https://www.investing.com/news/forex-news/forex–weekly-outlook-november-5–9-1673127

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