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Join WhatsApp channel| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 00:30 |  | 2 points | Building Approvals (MoM) (Sep) | 1.9% | -6.1% |
| 00:30 | | 2 points | Home Loans (MoM) (Sep) | ——— | 0.7% |
| 00:30 | | 2 points | PPI (YoY) (Q3) | ——— | 4.8% |
| 00:30 | | 2 points | PPI (QoQ) (Q3) | 0.7% | 1.0% |
| 01:45 |  | 2 points | Caixin Manufacturing PMI (Oct) | 49.7 | 49.3 |
| 12:30 |  | 2 points | Average Hourly Earnings (YoY) (YoY) (Oct) | 4.0% | 4.0% |
| 12:30 | | 3 points | Average Hourly Earnings (MoM) (Oct) | 0.3% | 0.4% |
| 12:30 | | 3 points | Nonfarm Payrolls (Oct) | 108K | 254K |
| 12:30 | | 2 points | Participation Rate (Oct) | 62.7% | |
| 12:30 | | 2 points | Private Nonfarm Payrolls (Oct) | 115K | 223K |
| 12:30 | | 2 points | U6 Unemployment Rate (Oct) | ——— | 7.7% |
| 12:30 | | 3 points | Unemployment Rate (Oct) | 4.1% | 4.1% |
| 13:45 | | 3 points | S&P Global US Manufacturing PMI (Oct) | 47.8 | 47.8 |
| 14:00 | | 2 points | Construction Spending (MoM) (Sep) | 0.0% | -0.1% |
| 14:00 | | 2 points | ISM Manufacturing Employment (Oct) | ——— | 43.9 |
| 14:00 | | 3 points | ISM Manufacturing PMI (Oct) | 47.6 | 47.2 |
| 14:00 | | 3 points | ISM Manufacturing Prices (Oct) | 48.9 | 48.3 |
| 17:00 | | 2 points | U.S. Baker Hughes Oil Rig Count | ——— | 480 |
| 17:00 | | 2 points | U.S. Baker Hughes Total Rig Count | ——— | 585 |
| 18:00 | | 2 points | Atlanta Fed GDPNow (Q4) | 2.7% | 2.7% |
| 19:30 | | 2 points | CFTC Crude Oil speculative net positions | ——— | 173.7K |
| 19:30 | | 2 points | CFTC Gold speculative net positions | ——— | 296.2K |
| 19:30 | | 2 points | CFTC Nasdaq 100 speculative net positions | ——— | 2.7K |
| 19:30 | | 2 points | CFTC S&P 500 speculative net positions | ——— | 23.0K |
| 19:30 | | 2 points | CFTC AUD speculative net positions | ——— | 27.7K |
| 19:30 |  | 2 points | CFTC JPY speculative net positions | ——— | 12.8K |
| 19:30 |  | 2 points | CFTC EUR speculative net positions | ——— | -28.5K |
Summary of Upcoming Economic Events on November 1, 2024
- Australia Building Approvals (MoM) (Sep) (00:30 UTC):
Measures changes in the number of building permits issued. Forecast: 1.9%, Previous: -6.1%. Growth would signal strength in the construction sector, supporting the AUD. - Australia Home Loans (MoM) (Sep) (00:30 UTC):
Measures monthly change in home loan approvals. Previous: 0.7%. Higher approvals indicate demand in the housing market, supporting the AUD. - Australia PPI (YoY and QoQ) (Q3) (00:30 UTC):
Tracks changes in producer prices. Previous QoQ: 1.0%, YoY: 4.8%. Lower PPI growth would suggest easing inflation, reducing pressure on the RBA for rate hikes. - China Caixin Manufacturing PMI (Oct) (01:45 UTC):
A key indicator of the health of China’s manufacturing sector. Forecast: 49.7, Previous: 49.3. Below 50 signals contraction, indicating economic slowing in China. - US Average Hourly Earnings (YoY & MoM) (Oct) (12:30 UTC):
Measures wage inflation. Forecast YoY: 4.0%, MoM: 0.3%, Previous MoM: 0.4%. Higher-than-expected earnings would support the USD by indicating inflationary pressures. - US Nonfarm Payrolls (Oct) (12:30 UTC):
Tracks changes in employment levels. Forecast: 108K, Previous: 254K. Lower job growth may suggest labor market softening, impacting Fed policy expectations. - US Private Nonfarm Payrolls (Oct) (12:30 UTC):
Measures private sector employment changes. Forecast: 115K, Previous: 223K. Weak figures may indicate slowing economic momentum. - US Unemployment Rate (Oct) (12:30 UTC):
Forecast: 4.1%, Previous: 4.1%. Stable or rising unemployment would suggest labor market weakening. - S&P Global US Manufacturing PMI (Oct) (13:45 UTC):
Tracks the US manufacturing sector. Forecast: 47.8, Previous: 47.8. Below 50 signals contraction, suggesting industrial slowdown. - US Construction Spending (MoM) (Sep) (14:00 UTC):
Measures monthly change in construction spending. Forecast: 0.0%, Previous: -0.1%. An increase signals demand in the construction sector. - ISM Manufacturing PMI (Oct) (14:00 UTC):
Forecast: 47.6, Previous: 47.2. A reading below 50 signals contraction, potentially dampening the USD. - ISM Manufacturing Prices (Oct) (14:00 UTC):
Forecast: 48.9, Previous: 48.3. A reading below 50 suggests easing input prices, reducing inflationary pressures. - US Baker Hughes Oil & Total Rig Counts (17:00 UTC):
Tracks active oil and gas rigs. A rising count suggests increased production, potentially affecting oil prices. - Atlanta Fed GDPNow (Q4) (18:00 UTC):
Real-time estimate of Q4 US GDP growth. Previous: 2.7%. Updates here influence GDP expectations and can impact the USD. - CFTC Speculative Net Positions (19:30 UTC):
- Crude Oil (Previous: 173.7K): Indicates market sentiment toward oil.
- Gold (Previous: 296.2K): Reflects safe-haven demand.
- Nasdaq 100 (Previous: 2.7K) & S&P 500 (Previous: 23.0K): Reflects equity market sentiment.
- AUD (Previous: 27.7K), JPY (Previous: 12.8K), EUR (Previous: -28.5K): Shows currency sentiment.
Market Impact Analysis
- Australian Building Approvals & Home Loans:
Higher figures would indicate strong housing demand, supporting the AUD. Lower approvals or loans suggest slowing housing activity, potentially weakening the currency. - China Caixin Manufacturing PMI:
A reading below 50 indicates contraction in China’s manufacturing sector, which would dampen risk sentiment and weigh on commodities. - US Average Hourly Earnings & Nonfarm Payrolls:
Higher earnings or a strong payroll increase would support the USD by reinforcing inflationary pressures. Weak payrolls or lower earnings growth could soften the USD, signaling potential economic cooling. - US ISM Manufacturing Data:
A PMI below 50 and lower manufacturing prices suggest contraction and easing inflation, which could weigh on the USD by reducing pressure on the Fed to hike rates. - CFTC Speculative Net Positions:
Changes in speculative positions reflect market sentiment across major commodities and currencies, influencing asset prices based on demand expectations.
Overall Impact
Volatility:
High, with a focus on key US employment data, manufacturing PMI readings from the US and China, and housing data from Australia. These events will shape expectations for economic strength, inflation, and central bank policy.
Impact Score: 8/10, due to the combination of critical labor market data, manufacturing figures, and commodity market sentiment that will influence global economic outlook and policy paths.
