The Canadian employment change and the unemployment rate will be announced at 15:30 MT on November 8.
Will the ECB be hawkish this time?
The European central bank will release its monetary policy statement and conduct a press conference on April 10 at 14:45 MT time.
We don’t expect the ECB to change its interest rate which is currently kept at 0%. However, the ECB president Mario Draghi may provide some hints on the possible changes to the current monetary policy amid the global slowdown. Last time his dovish comments on the current economic weakness in Europe pulled the EUR lower. If he is more hawkish this time, the EUR will rise.
• If the ECB is hawkish, the EUR will go up.
• If the ECB is dovish, the EUR will go down.
The United States will release the headline and core retail sales at 15:30 MT on November 15.
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.