Trade balance. China, 05:00 (GMT+2) 07 Nov

07Nov.202304:00

Trade balance. China, 05:00 (GMT+2)

At 05:00 (GMT+2), China will publish October trade balance data. This indicator records the difference between the amount of payments for exported and imported goods. The indicator is projected to increase from 77.71B American dollars to 81.95B American dollars, which may support the yuan.

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07 Nov. 2023 00:30

Household expenditure index. Japan, 01:30 (GMT+2)

At 01:30 (GMT+2), September data on household spending will be published in Japan. The indicator records the monthly change in household spending adjusted for inflation and is an important indicator of economic growth. The index is expected to correct from –2.5% to –2.7% YoY and from 3.9% to –0.4% MoM, putting pressure on the yen.

07 Nov. 2023 04:30

Interest rate decision. Australia, 05:30 (GMT+2)

At 05:30 (GMT+2), the Reserve Bank of Australia will announce its interest rate decision. It is likely that regulator officials will adjust the value from 4.10% to 4.35% against increased inflation. The accompanying statement may contain an assessment of the country’s financial authorities regarding the current state of the economy against global geopolitical tensions.

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