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The week ahead will see a pickup in activity. The economic calendar stands out with the Bank of Canada and the Federal Reserve due to hold their respective monetary policy meetings.
On the economic front, there is plenty of data to keep traders busy. Australia will be coming out with the third quarter inflation report. The data on inflation continues later in the week, with the Eurozone releasing the flash inflation estimates for October.
On the monetary policy front, the Bank of Canada, Bank of Japan and the Federal Reserve will be holding their respective monetary policy meetings. Among the three, investors are almost certain that the Fed will cut rates this week.
The outlier remains the monetary policy decision from Japan. The BoJ has been hinting at further policy easing. But with the October sales tax just coming into effect, it could buy the central bank some more time.
Here’s a brief look at the key economic events co...
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