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Week Ahead in U.S. trading

Posted by WorldWideMarkets . on Nov 4, 2013 2:39:00 AM

Big week for U.S. data, though a lot of revisions early in the week with the government still clearing the backlog since reopening. Monday has August and September factory orders then revised durable goods orders for August and September.

Tuesday has October’s ISM services index. Wednesday has Challenger Layoffs for October. Thursday sees initial weekly jobless claims and the advance third quarter reading of real GDP and core PCE.

Friday the data high point with October’s nonfarm payrolls report, personal consumption for September, Core PCE Price Index for September and the preliminary University of Michigan sentiment survey for September.

The jobs reports is obviously the big report of the week for FX investors, with the current expectation of 130,000 new jobs and an unemployment rate of 7.3 percent. 

Fed speakers on tap include on Thursday Federal Reserve Chairman Ben Bernanke participating in an economic forum “Policy Responses to Crises" before the International Monetary Fund Jacques Polak 14th Annual Research Conference in Washington. This has to be one of the Ben Bernank’s final appearances of his final term.

Other speakers include Federal Reserve Bank of Boston President Eric Rosengren speaking in Boston on Monday before students and faculty at the University of Massachusetts. Audience Q&A expected though not for the media.

In Charlotte, North Carolina on Tuesday, Federal Reserve Bank of Richmond President Jeffrey Lacker speaks before business leaders with audience and media Q&A expected.

Federal Reserve Bank of Cleveland President Sandra Pianalto speaks on housing and the national economy  on Wednesday in Columbus, Ohio. No Q&A.

Federal Reserve Board Governor Jeremy Stein speaks in Chicago on Thursday  at the Federal Reserve Bank of Chicago. Federal Reserve Bank of Chicago President Charles Evans will introduce Governor Stein. The same day, Federal Reserve Bank of Chicago President Charles Evans gives introductory remarks at dinner at the same event.

In Oxford, Mississippi on Friday, Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook at the University of Mississippi. Audience and media Q&As expected. Also on Friday but in Los Angeles, Federal Reserve Bank of San Francisco President John Williams speaks on the economy and monetary policy before a community leaders' luncheon. Audience and media Q&A


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