A Week in the Market: The Fed and the Employment Market (30 October – 3 November)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/10/30.10.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: The Fed and the Employment Market (30 October – 3 November)" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>This week is marked by the actions of central banks, with the major ones assessing the economic situation and deciding on interest rates. This will likely increase stock market <a href="https://blog.roboforex.com/blog/2020/08/20/what-is-volatility-and-how-to-use-it-on-forex/" data-internallinksmanager029f6b8e52c="150" title="Volatility">volatility</a>, keeping investors engaged.</p>

<h2>USD: the US is the main newsmaker</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/11/usd.jpg" alt="USD: the US is the main newsmaker" class="wp-image-6088" srcset="https://blog.roboforex.com/wp-content/uploads/2020/11/usd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/11/usd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/11/usd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US Federal Reserve is expected to keep the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> unchanged and release employment market data for October. Volatility in the <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair will notably increase starting Wednesday. The USD still appears quite strong.</p>

<h2>China: risk needs support</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/05/china-1200×627.jpg" alt="China: risk needs support" class="wp-image-4153" srcset="https://blog.roboforex.com/wp-content/uploads/2020/05/china.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/05/china-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/05/china-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>China is set to release services and manufacturing PMIs for October. More robust statistics bode well for risk-related assets.</p>

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<h2>EUR: underwhelming news</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1-1200×627.jpg" alt="EUR: underwhelming news" class="wp-image-5428" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/euro-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The eurozone is preparing to publish the revised <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> parameters for Q3. The economy is expected to grow by 0.2% year-over-year, not the previously believed 0.5%. This does not bode well for the EUR exchange rate.</p>

<h2>JPY: battling devaluation</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/jpy.jpg" alt="JPY: battling devaluation" class="wp-image-6716" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Bank of Japan will likely leave the interest rate at -0.1% per annum but may raise its <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> forecasts. There is a low likelihood that this will save the yen from a new wave of upcoming devaluation, but it will create conditions for a pause.</p>

<h2>GBP: potential negativity</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2-1200×627.jpg" alt="GBP: potential negativity" class="wp-image-5379" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Bank of England will likely keep the interest rate at 5.25% annually. In addition, the regulator is set to release a monetary policy report and minutes of the previous meeting. The central bank's neutral stance may harm the <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a>.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/10/30/a-week-in-the-market-the-fed-and-the-employment-market-30-october-3-november/">A Week in the Market: The Fed and the Employment Market (30 October – 3 November)</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>