Trading plan for 02/11/2017:
The US Dollar is weaker overnight as there were rumors that Trump has decided that J. Powell will succeed J. Yellen as head of the Fed. EUR/USD reached a peak near 1.1670. Before the Bank of England decision, GBP?USD is approaching 1.33. USD/JPY is back at 114.00. AUD / USD is at 0.7720 (+0.5%) after better than expected real estate data. NZD/USD is approaching 0.6950 and continues the overnight rally after good labor market data.
On Thursday 2nd of November, the event calendar is busy with important news releases. The main event of the day is Bank of England interest rate decision, but before that, the set of PMI Manufacturing data from across the Eurozone will be released as well. Later during the day, the US will post Unemployment Claims and Continuing Claims data. There are some speeches scheduled as well: first will speak BOE Governor Mark Carney and then FOMC Member Jerome Powell and William Dudley.
Global macro overview for 02/11/2017:
According to IHS Markit, the Eurozone Manufacturing PMI advanced to 58.5 points in October, up from 58.1 points in September and slightly below the earlier flash estimate of 58.6 points.
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