Fundamental analytics

Presidential elections in the United States, a meeting of the Federal Reserve, a meeting of the Bank of England, a report on the

  1. Presidential elections in the U.S.

  2. Fed meeting

  3. Meeting of the Bank of England

  4. US Labor Market Report

As the U.S. presidential election date approaches, volatility in financial markets is increasing. Investors are adjusting their positions as it is very difficult to predict the market reaction to Biden or Trump's victory. According to preliminary national polls, Joe Biden is the leader in the presidential race, but everyone remembers the events of 2016, when absolutely all polls predicted the victory of Clinton, and the president eventually became Donald Trump.

Uncertainty in the market is increasing, with disappointing news from the EU, where the second wave of the Coronavirus Pandemic continues to gain strength. Many countries have been forced to strengthen quarantine measures to stem the spread of the disease, as some countries' health systems are working to their limits. It is only logical that the new restrictions will lead to a significant slowdown in the region's economic recovery, and possibly a new downturn.

A very active trading week is ahead of us. The economic calendar is saturated with important economic news: Fed meeting, Bank of England meeting, US labor market report and other important events. The cherry on the cake will be the U.S. presidential election, the intrigue of which will continue until the end of the trading week, as this year's vote counting will take more time due to the large number of citizens who voted early by mail.

 

Monday, November 2

China Manufacturing Index (PMI) from Caixin

Manufacturing PMI in Germany and UK for October

US Manufacturing Index (PMI) from ISM

Tuesday, November 3

Day off in Japan - Culture Day

Presidential elections in USA

Meeting of the Reserve Bank of Australia

U.S. Non-Industrial Supply Manager Index (PMI) from ISM

Wednesday, November 4

New Zealand Labor Market Report for Q3

Bank of Japan Monetary Policy Report

Australian Retail Sales Report for September

PMI service industries in UK

ADP report on changes in non-agricultural employment in the United States

Thursday, November 5

EU Retail Sales Report for September

Meeting of the Bank of England

Weekly data on U.S. jobless claims

FOMC meeting and final press conference

Friday, November 6

US Labor Market Report

Canadian Labour Market Report

Canada Business Activity Index (PMI) from Ivey for October

 

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