Forex - Weekly outlook: 10.29 - 11.02

After some bloody rains, heavy data piled up means that the market is still difficult to calm down.
After the Bank of Canada and the European Central Bank's interest rate decision, the Bank of Japan and the Bank of England will be on the stage. Although the two countries will release a number of inflation-related data, the impact on the central bank's interest rate policy is limited.
The Bank of Japan is expected to continue to lack new ideas. Domestic inflation is far from the target of 2%, and the impact of the trade war on the economy is difficult to predict. The Bank of England is also difficult to take concrete actions. The Brexit progress is full of twists and turns, so the central bank is more inclined. Take a wait-and-see model.
The US non-agricultural employment data is the top priority. The current unemployment rate is at a low level of 49 years. Therefore, it is necessary to pay attention to whether the prosperity of the labor market can be further transformed into inflationary pressure. In addition, the United States will also release data such as the September personal consumption expenditure price index. As the Fed's preferred inflation indicator, the August core PCE price index reported 2% per annum, unchanged from expectations.
The Fed did not change its hawkish stance due to recent risk events and stock market crashes, including the newly appointed Fed Vice Chairman Richard Clarida, who supported the continued interest rate hike. The economic heat of the third quarter of the United States will not change. Once inflation continues to heat up, I believe the Fed will decisively step up to control price stability.
The European side will release data such as third quarter GDP and October consumer price index. In this resolution, Draghi expressed confidence in the economy and inflation. However, given the stalemate in the US-European trade negotiations, the Brexit and the Italian budget, regional growth is facing a further slowdown.
China will announce the official manufacturing purchasing managers' index for October, while Australia will announce the third quarter consumer price index and producer price index, which will provide more guidance for the future direction of the Australian dollar.

Monday, October 29

British Chancellor of the Exchequer Philip Hammond gave an autumn budget report.
Chicago Fed President Charles Evans delivered an opening speech at the 6th Annual Regional Competitiveness Summit.
UK October CBI Retail Sales Expectation Index

Tuesday, October 30th

Australian Federal Reserve Assistant Chairman Michele Bullock delivered a speech at the 10th Federal Bank Global Market Conference.
Japan's unemployment rate in September
US October Conference Board Consumer Confidence Index

Wednesday, October 31

The Bank of Japan announced interest rate resolutions and policy statements.
The Federal Reserve held a public meeting to discuss the proposed rules for amending the framework of the prudential standards for large banking institutions.
US EIA crude oil inventories changed last week (10,000 barrels) (to 1026)
The initial value of the consumer price index (annual rate) in the euro zone in October

Thursday, November 01

Swiss National Bank President Thomas Jordan spoke on "protectionism makes monetary policy difficult."
The Bank of England announced interest rate resolutions, meeting minutes and inflation reports.
Kevin Stiroh, executive vice president of the Federal Reserve Bank of New York, spoke at the Financial Times' American Banking Forum: setting the path to stability and success.

Friday, November 02

Domestic refined oil products opened a new round of price adjustment window.
Australia's third quarter producer price index annual rate
Final value of the Markit Manufacturing Purchasing Managers Index for the Eurozone in October
Changes in non-agricultural employment in the United States in October, adjusted for thousands of people