Forex – Weekly Outlook: Oct. 29 – Nov. 2

0

Investing.com – This week, investors will be looking ahead to Friday’s U.S. jobs data for October, which is expected to show that hiring picked up after disruption from Hurricane Florence led to an unexpected slowdown in the previous month.

The data will be closely watched for indications on the health of the U.S. economy at a time when concerns over rising interest rates are spooking investors.

Central bank meetings in the UK and Japan will also be in focus, with no changes expected.

Meantime, the euro zone will release flash euro zone inflation and third-quarter growth figures, which are likely to lend support to the European Centrals Bank’s decision not to rush stimulus withdrawal.

The U.S. dollar ended lower on Friday, falling from the two-month high hit earlier in the day after news of stronger-than-expected third-quarter gross domestic product.

The U.S. economy grew at a 3.5% annualized rate, the Commerce Department said, beating expectations of 3.3% but underperforming the previous quarter’s 4.2% growth.

Read more at : https://www.investing.com/news/forex-news/forex–weekly-outlook-oct-29–nov-2-1662852

LEAVE A REPLY

Please enter your comment!
Please enter your name here