The week of 03 – 09 November 2025 will feature several significant economic data releases, including the US Nonfarm Payrolls, Eurozone Retail Sales, and the Canadian Unemployment Rate, all of which hold the potential to influence global market sentiment.
For traders, staying informed ahead of these key events is crucial for better risk management and identifying potential trading opportunities.
Monday, November 03rd 2025
RatingDog Manufacturing PMI (Oct)
Mon, Nov 3rd, 2025 at 01:45 GMT
Currency: CNY
China’s monthly Caixin Manufacturing PMI, compiled by Caixin and S&P Global, measures factory activity based on executive surveys from private and state-owned firms. It is a key early gauge of economic trends, with readings above or below 50 indicating expansion or contraction. A reading above 50 could indicate that the manufacturing economy is expanding, which could be a bullish sign for the Renminbi (CNY). Meanwhile, a reading below 50 could signal that activity among goods producers is declining, which could be seen as bearish for CNY.
Consumer Price Index (YoY) (Oct)
Mon, Nov 3rd, 2025 at 07:30 GMT
Currency: CHF
The Consumer Price Index (CPI), released monthly by the Swiss Federal Statistical Office, measures the change in prices of goods and services which are representative of the private households’ consumption in Switzerland. The CPI is the main indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to the same month a year earlier. A high reading could be seen as bullish for the Swiss Franc (CHF), while a low reading could be seen as bearish.
ISM Manufacturing PMI (Oct)
Mon, Nov 3rd, 2025 at 15:00 GMT
Currency: USD
The US ISM Manufacturing PMI, released monthly, measures factory activity through surveys of supply executives. It is a key leading indicator of changes in manufacturing conditions. A reading above 50 could indicate that the manufacturing economy is expanding, which could be a bullish sign for the US Dollar (USD). A reading below 50 could signal that factory activity is declining, which could be seen as bearish for USD.
BoC's Governor Macklem speech
Mon, Nov 3rd, 2025 at 18:30 GMT
Currency: CAD
Tiff Macklem became Governor of the Bank of Canada on 3 June 2020 and chairs its Board of Directors. A former Senior Deputy Governor and Dean of the Rotman School of Management, he previously chaired the Financial Stability Board’s Standards Implementation Committee.
Tuesday, November 04th 2025
RBA Interest Rate Decision
Tue, Nov 4th, 2025 at 03:30 GMT
Currency: AUD
The Reserve Bank of Australia (RBA) announces its interest rate decision at the end of its eight scheduled meetings per year. If the RBA is hawkish about the inflationary outlook of the economy and raises interest rates it could be bullish for the Australian Dollar (AUD). Likewise, if the RBA has a dovish view on the Australian economy and keeps interest rates unchanged, or cuts them, it could be seen as bearish for AUD.
RBA Monetary Policy Statement
Tue, Nov 4th, 2025 at 03:30 GMT
Currency: AUD
At the end of each of the Reserve Bank of Australia (RBA) eight meetings, the RBA’s board releases a post-meeting statement explaining its policy decision. The statement may influence the volatility of the Australian Dollar (AUD) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for AUD, whereas a dovish view could be considered bearish.
RBA Rate Statement
Tue, Nov 4th, 2025 at 03:30 GMT
Currency: AUD
Decisions regarding this interest rate are made by the Reserve Bank Board and are explained in a media release which announces the decision at 2.30 pm after each Board meeting.
RBA Press Conference
Tue, Nov 4th, 2025 at 04:30 GMT
Currency: AUD
Following the Reserve Bank of Australia’s (RBA) economic policy decision, the Governor delivers a press conference explaining the monetary policy decision. The usual format is a roughly one-hour presser starting with prepared remarks and then opening to questions from the press. Hawkish comments tend to boost the Australian Dollar (AUD), while on the opposite, a dovish message tends to weaken it.
Employment Change (Q3)
Tue, Nov 4th, 2025 at 21:45 GMT
Currency: NZD
The Employment Change, released by Statistics New Zealand, is a measure of the change in the number of employed people in New Zealand. A rise in this indicator could have positive implications for consumer spending and could be stimulative of economic growth. A higher reading could be seen as bullish for the New Zealand Dollar (NZD), while a lower reading could be seen as bearish.
Unemployment Rate (Q3)
Tue, Nov 4th, 2025 at 21:45 GMT
Currency: NZD
The Unemployment Rate released by Statistics New Zealand is the percentage of unemployed workers in the total civilian labour force. If the rate goes up, it could indicate a lack of expansion within the New Zealand labour market and weakness in the New Zealand economy. A decrease in the figure could be seen as bullish for the New Zealand Dollar (NZD), while an increase could be seen as negative bearish.
Wednesday, November 05th 2025
RatingDog Services PMI (Oct)
Wed, Nov 5th, 2025 at 01:45 GMT
Currency: CNY
China’s monthly Caixin Services PMI, compiled by Caixin and S&P Global, measures business activity in the services sector through executive surveys. It is a key indicator of economic trends, with readings above or below 50 showing expansion or contraction.. A reading above 50 could indicate that the services economy is expanding, which could be a bullish sign for the Renminbi (CNY). Meanwhile, a reading below 50 could signal that activity among service providers is declining, which could be seen as bearish for CNY.
ADP Employment Change (Oct)
Wed, Nov 5th, 2025 at 13:15 GMT
Currency: USD
The ADP Employment Change is a gauge of employment in the private sector released by the largest payroll processor in the US, Automatic Data Processing Inc. It measures the change in the number of people privately employed in the US. A rise in the indicator could have positive implications for consumer spending and could be stimulative of economic growth. A high reading could be seen as bullish for the US Dollar (USD), while a low reading could be seen as bearish.
ISM Services PMI (Oct)
Wed, Nov 5th, 2025 at 15:00 GMT
Currency: USD
The US ISM Services PMI, released monthly, measures business activity in the services sector, which dominates the economy. Based on surveys of supply executives, it tracks monthly changes in economic conditions.. A reading above 50 could indicate that the services economy is expanding, which could be a bullish sign for the US Dollar (USD). A reading below 50 could signal that services sector activity is declining, which could be seen as bearish for USD.
Thursday, November 06th 2025
Trade Balance (MoM) (Sep)
Thu, Nov 6th, 2025 at 00:30 GMT
Currency: AUD
The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a growth in the trade balance, and that should be positive for the AUD.
Retail Sales (YoY) (Sep)
Thu, Nov 6th, 2025 at 10:00 GMT
Currency: EUR
Eurostat’s monthly Retail Sales report tracks the volume of retail trade across the Eurozone, representing about 5% of total output. It is a key indicator of consumer spending, with year-on-year changes showing how sales compare to the same month a year earlier.. A high reading could be seen as bullish for the Euro (EUR), while a low reading could be seen as bearish.
BoE Interest Rate Decision
Thu, Nov 6th, 2025 at 12:00 GMT
Currency: GBP
The Bank of England (BoE) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoE is hawkish about the inflationary outlook of the economy and raises interest rates it could be bullish for the Pound Sterling (GBP). Likewise, if the BoE adopts a dovish view on the UK economy and keeps interest rates unchanged, or cuts them, it could be seen as bearish for GBP.
BoE Minutes
Thu, Nov 6th, 2025 at 12:00 GMT
Currency: GBP
The minutes of the Bank of England (BoE) Monetary Policy Committee (MPC) meetings are published alongside the committee decision. The minutes give a full account of the policy discussion, including differences of view among members. They also record the votes of each member of the MPC. If the BoE is hawkish about the inflationary outlook for the economy, then the markets could see a higher possibility of a rate increase, and that could be positive for the GBP.
BoE Monetary Policy Report
Thu, Nov 6th, 2025 at 12:00 GMT
Currency: GBP
The Bank of England publishes a quarterly report which includes a detailed economic analysis on which the Bank's Monetary Policy Committee (MPC) bases its interest rate decisions. More importantly, the report also presents an assessment of the prospects for UK inflation over the following two years. Elevated inflation projections could be bullish for the Pound Sterling (GBP) as they imply higher interest rates. Likewise, low inflation expectations could be bearish for GBP.
BoE Monetary Policy Summary
Thu, Nov 6th, 2025 at 12:00 GMT
Currency: GBP
The Monetary Policy Report, released by Bank of England, contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
BoE MPC Vote Rate Cut
Thu, Nov 6th, 2025 at 12:00 GMT
Currency: GBP
Interest rates are set by the Bank of England’s (BoE) Monetary Policy Committee (MPC). The MPC sets an interest rate it judges will enable the BoE’s inflation target to be met. It is comprised of nine members – the Governor, the three Deputy Governors, the Bank's Chief Economist and four external members appointed directly by the Chancellor. Investors look at each member’s vote to seek cues over how unanimous was the decision on interest rates.
BoE MPC Vote Rate Hike
Thu, Nov 6th, 2025 at 12:00 GMT
Currency: GBP
The Bank of England’s (BoE) Monetary Policy Committee (MPC) determines the official interest rate to help achieve the BoE’s inflation target. The committee consists of nine members: the Governor, three Deputy Governors, the Bank’s Chief Economist, and four external members appointed by the Chancellor. Investors closely monitor how each member votes to gauge the level of consensus—or division—behind the interest rate decision.
BoE MPC Vote Rate Unchanged
Thu, Nov 6th, 2025 at 12:00 GMT
Currency: GBP
The Bank of England’s (BoE) Monetary Policy Committee (MPC) is responsible for setting the UK’s official interest rate to ensure inflation remains in line with the BoE’s target. The committee is made up of nine members: the Governor, three Deputy Governors, the Bank’s Chief Economist, and four external members appointed by the Chancellor. Markets closely watch individual voting patterns to assess how unified or divided the committee was in reaching its decision.
BoE's Governor Bailey speech
Thu, Nov 6th, 2025 at 12:30 GMT
Currency: GBP
Andrew Bailey is the Bank of England's Governor. He took office on March 16th, 2020, at the end of Mark Carney's term. Bailey was serving as the Chief Executive of the Financial Conduct Authority before being designated. This British central banker was also the Deputy Governor of the Bank of England from April 2013 to July 2016 and the Chief Cashier of the Bank of England from January 2004 until April 2011.
Friday, November 07th 2025
Net Change in Employment (Oct)
Fri, Nov 7th, 2025 at 13:30 GMT
Currency: CAD
The Net Change in Employment released by Statistics Canada is a measure of the change in the number of people in employment in Canada. A rise in this indicator could have positive implications for consumer spending and could indicate economic growth. A high reading could be seen as bullish for the Canadian Dollar (CAD), while a low reading could be seen as bearish.
Unemployment Rate (Oct)
Fri, Nov 7th, 2025 at 13:30 GMT
Currency: CAD
The Unemployment Rate, released by Statistics Canada, is the number of unemployed workers divided by the total civilian labour force as a percentage. It is a leading indicator for the Canadian Economy. If the rate is up, it could indicate a lack of expansion within the Canadian labour market and a weakening of the Canadian economy. A decrease of the figure could be seen as bullish for the Canadian Dollar (CAD), while an increase could be seen as bearish.
Average Hourly Earnings (MoM) (Oct)
Fri, Nov 7th, 2025 at 13:30 GMT
Currency: USD
The Average Hourly Earnings metric, released by the US Bureau of Labor Statistics, is a significant indicator of labour cost inflation and of the tightness of labour markets. The Federal Reserve Board pays close attention to it when setting interest rates. A high reading could be bullish for the US Dollar (USD), while a low reading could be bearish.
Average Hourly Earnings (YoY) (Oct)
Fri, Nov 7th, 2025 at 13:30 GMT
Currency: USD
The Average Hourly Earnings gauge, released by the US Bureau of Labor Statistics, is a significant indicator of labour cost inflation and of the tightness of labour markets. The Federal Reserve Board pays close attention to it when setting interest rates. A high reading could be seen as bullish for the US Dollar (USD), while a low reading could be seen as bearish.
Nonfarm Payrolls (Oct)
Fri, Nov 7th, 2025 at 13:30 GMT
Currency: USD
The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board. A high reading could be seen as bullish for the US Dollar (USD), while a low reading could be seen as bearish, although previous months' reviews and the Unemployment Rate are as relevant as the headline figure. The market's reaction, therefore, depends on how the market assesses all the data contained in the BLS report.
Sunday, November 09th 2025
Consumer Price Index (YoY) (Oct)
Sun, Nov 9th, 2025 at 01:30 GMT
Currency: CNY
The Consumer Price Index (CPI), released monthly by the National Bureau of Statistics of China, measures change in the price level of consumer goods and services purchased by residents. The CPI is a key indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to the same month a year earlier. A high reading could be seen as bullish for the Renminbi (CNY), while a low reading could be seen as bearish.
Staying on top of these key events and understanding their potential impact can help you anticipate market volatility and make more confident trading decisions.
For a full list of what’s ahead, check out our market calendar and stay prepared for the week’s opportunities.
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