Market volatility likely this week as we have a lot of Rate Statements and Non-Farm Employment Change on Friday at 8:30 am New York time.
Market Volatility Likely This Week
The chart below shows all the high-volatile market reports for this week, as of Monday morning at 8:00 am New York time. The Rate Announcements begin during the Asian session tonight at 11:30 pm with the RBA Rate Statement and Cash Rate on the Aussie Dollar followed by the Bank of Japan Policy Rate, Monetary Policy Statement and Press Conference, thereafter.
Then on Wednesday, at 2:00 pm New York time, we have the FOMC Statement and Federal Funds Rate. Although the FOMC is not expected to raise the rates, it may create volatility.
Then on Thursday the British Pound announces their Official Bank Rate and Policy Summary at 8:00 am New York time, followed by the RBA Monetary Policy Statement on the Aussie Dollar during the Asian session.
On Friday, the Non-Farm Employment Change report comes out and may be the biggest mover of the week as traders will be looking at this high volatile market report to determine if the Feds will raise rates in December.