Week ahead: NFP, RBA, BoE, Fedspeak – Nomura

By FXStreet FXStreet (Bali) – David Fritz, Global FX Strategist at Nomura, walks us through this week’s key events, including Friday’s NFP (13:30GMT), Central Bank meetings – BoE (Thursday 12:00GMT); RBA (Tuesday 3:30GMT); Norges Bank (Thursday 9:00GMT), and Fedspeak, with Yellen (Wednesday 15:00GMT) and Fischer (Thursday 0:30GMT) the most relevant.

Key Quotes

“This week, there will be a lot of follow through from this past week’s FOMC meeting. The FOMC statement was considered more hawkish than expected and market pricing of a hike in December rose significantly. Our US economists similarly shifted their expectations higher for a December hike, but maintain that a March liftoff is more likely since the data is unlikely to warrant an earlier December hike.”

“The upcoming data and Fedspeak will therefore be very significant. The minutes released on 18 November will be very important, and Chair Yellen’s 2 December speech will be the final definitive word on the matter. But even before then we have speeches and data that could also shift probabilities. Next week specifically, Chair Yellen and Vice Chair Fischer’s speeches are likely to be the key speeches to watch, although there will be a host of other speeches as well.”

“This week’s NFP should provide an indication …read more

Source:: FX Street