Your volatility calendar for November
11/1/2016
Wednesday, Nov. 2 at 20:00 EET (Eastern European Time (EET) is time displayed in MetaTrader4. During Daylight-Saving Time, EET is 3 hours ahead of Greenwich Mean Time (GMT +3). During Standard (Winter) Time, EET is 2 hours ahead of GMT (GMT +2))
FOMC Meeting
The US Federal Reserve is not expected to change interest rates at this meeting. Never the less, the event can still make market players nervous and provoke sharp moves of the US dollar versus other currencies. Traders will study FOMC statement for clues to the central bank’s plans for future. The release is scheduled on 20:00 EET.
Thursday, Nov. 3 (14:00 EET)
Bank of England’s Meeting & Press Conference
The Bank of England's Monetary Policy Committee members will announce the results of their vote on the interest rates and other policy tools at 14:00 EET. Then the BOE Governor Mark Carney will comment the Committee’s decision and answer the reporters’ questions. Volatility is usually observed during the meeting and the press conference. Beware of the changes in the movement of GBP/USD and EUR/GBP.
Friday, Nov. 4 (14:30 EET)
US Non-Farm Payrolls
The release of the Non-Farm Payrolls report at 14:30 EET is perhaps the most volatile event of the week. Highlight November 4 in your calendar, as NFP is a major profit/troublemaker indicator that represents the overall number of paid workers in the US excluding farm and government employees, as well as people working for nonprofit organizations. The Fed closely watches this report to define its interest rate. Last report figures fell short of expectations (only 156K jobs were created instead of forecasted 171K). Don’t forget about other important releases coming out on November 4 – trade balance, unemployment rate, and average hourly earnings – they could also influence the USD exchange rate.
Tuesday, Nov. 8 (All day)
US Presidential Election
US Presidential election is certainly the key event of the month. The main candidates are Democratic nominee Hillary Clinton and her Republican counterpart Donald Trump. Prepare for the enormous, frantic fluctuations of quotes on your trading desk, as markets are going to react regardless of the election outcome.
Wednesday, Nov. 9
RBNZ Meeting & Press Conference (22:00 EET)
The Reserve Bank of New Zealand board will announce its decision on the interest rate at 22:00 EET. We will also receive the report that brings us up to date on the central bank’s monetary policy and inflation targets. The RBNZ Governor Graeme Wheeler will speak at the press conference, which starts at 23:00 EET. Wheeler’s comments sometimes create heavy market volatility. Beware of this while trading NZD/USD.
Tuesday, Nov. 15
British Inflation (11:30 EET)
The UK consumer price index due at 11:30 EET is an important indicator for the Bank of England. The higher the growth of consumer prices is, the harder it becomes for the BOE to keep interest rates low. The central bank’s policy, in turn, has a direct impact on the pound. GBP/USD and EUR/GBP should react to the CPI release.
US Retail Sales (14:30 EET)
US retail sales provide valuable information on the nation’s economic performance and show whether the nation is ready to raise interest rates or not. The indicator will be released at 15:30 EET and should be watched by those who have positions in the US dollar.
Thursday, Nov. 17 (14:30 EET)
US Inflation
Watch the US consumer price index release at 15:30 EET as It could influence the USD valuation in relation to other currencies. The index measures average price of various goods and services and compares it with the previous sampling. Inflation is one of the indicators that Federal Reserve’s members watch to define the interest rate. So, the market will react to any deviations from the forecasted figures.
Wednesday, Nov. 23
FOMC Meeting Minutes (21:00 EET)
The minutes of the US Federal Reserve’s November meeting due at 21:00 EET will be important for all currency pairs containing the US dollar. The market will want to know where the members of the Federal Open Market Committee (FOMC) stand and whether they are prepared to raise the federal fund's rate in December. Hawkish minutes will support USD, while dovish minutes will be negative for the American currency.
Friday, Nov. 25 (11:30 EET)
Second Estimate of British GDP
The UK Q3 GDP is released for the second time with adjustments at 11:30 EET. The data will provide more information on how British economy is coping in the aftermath of the Brexit vote. The indicator will influence the exchange rate of the British pound.
Tuesday, Nov. 29 (14:30 EET)
US Prelim GDP
This is the second estimate of the US economic performance in Q3. Deviations from the forecast level will have a significant impact on the US dollar. The indicator will be published at 15:30 EET.
Wednesday, Nov. 30
OPEC Meetings
The members of the Organization of the Petroleum Exporting Countries reached a preliminary agreement to limit the group’s daily production to between 32.5 million to 33 million barrels a day at the end of September. On November 30, the oil exporters meet in Vienna to define the levels of production for each country. OPEC encompasses 40% of the world’s oil supply, so traders will be closely watching this meeting to find clues on which way oil prices will go. The meetings are usually closed to the press, but senior officials are open to the reporters and willingly answer questions throughout the day. A formal statement, the cartel’s objectives and takeaways from the discussions are usually released after the meeting, but the volatility will be surely sensed during the whole day.
More:
https://fxbazooka.com/analytics/11128
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