Markets enter the first full week of November with a heavy watch on central bank activity (UK and Australia among the headlines), major cross-country PMI and services/manufacturing prints, and a sparse official US data slate because an ongoing US government shutdown may delay or cancel some government releases — which pushes focus onto private-sector substitutes (ADP payrolls, ISM/S&P PMIs, private surveys) and central bank commentary. Volatility is likely around central-bank decisions and any surprise private employment or sentiment prints.

---

📅 Monday, 3 November 2025

• Market note / holidays:
  • Japan: national holiday (Culture Day) — local markets/volumes lighter.
  • Daylight saving changes noted for North America this week; check your platform times.
• Asia / Pacific:
  • China: PMI release(s) — manufacturing and/or services PMI updates (market-sensitive for AUD, NZD, and commodity pairs).
  • Australia / New Zealand: domestic indicators or regional PMI snapshots (watch AUD/NZD volatility around releases).
• Europe:
  • Selected euro-area and national manufacturing or trade data (Germany, France, Italy) and local business sentiment prints.
• North America:
  • United States: ISM Manufacturing Index (monthly release) — important for USD/commodity FX moves.
  • United States: Construction Spending (monthly).
  • United States: Domestic vehicle sales and other industry stats.
• Central bank / speakers:
  • Several central bank officials or Fed speakers may appear this week — monitor remarks for forward guidance.
• Other:
  • Scheduled auction notices, corporate-related economic tidbits and country-specific monthly indicators that can create short-term flow in FX.

(Keep an eye on U.S. releases — the schedule and exact publication timing remain subject to disruption if government data offices are impacted.)

---

📅 Tuesday, 4 November 2025

• North America:
  • Canada: Federal Budget release — potentially market-moving for CAD, yields, and Canadian equities.
  • United States: Trade Balance (monthly) — affects USD crosses via import/export flows.
  • United States: Factory Orders (monthly) and Durable Goods Orders (monthly, preliminary/final) — look for headline and core readings.
• Europe:
  • Eurozone/national indicators: unemployment/production/trade data from various EU members (watch EUR crosses).
• Asia / Other:
  • Continued China activity data or regional PMIs — keep an eye on Asian risk sentiment after Monday’s prints.
• Central bank / speakers:
  • Additional Fed or other central bank official commentary possible; these speeches can move short-dated yields and USD crosses.
• Flash/market indicators:
  • Purchasing managers’ indices or business confidence snapshots from smaller countries that sometimes shift thin-market flows.

(Policy-sensitive items this day: Canada’s federal fiscal blueprint and U.S. orders/trade stats — both can change local rate and currency risk appetite.)

---

📅 Wednesday, 5 November 2025

• Labour / employment signals:
  • United States: ADP National Employment Report (private payrolls) — particularly watched this week if official payroll data timing is uncertain.
  • Other nations’ jobless claims / employment change prints may appear.
• Activity data:
  • Eurozone or national services / manufacturing readings (Markit/S&P Global or local statistical office releases).
  • Japan/Tokyo region data where relevant.
• Central bank / speakers:
  • Fed speakers and possible central bank commentaries — short-term volatility possible in USD, EUR, GBP.
• Market technical drivers:
  • Corporate earnings season snippets and major auction announcements that can affect risk sentiment and FX pairs.

(ADP this day is higher-profile when official U.S. government employment reports are constrained.)

---

📅 Thursday, 6 November 2025

United States:

• ISM Non-Manufacturing / Services PMI or other business activity indicators (timing varies with the month’s calendar) — influences USD and risk-sensitive pairs.
• Job openings (JOLTS) or other labour market-related detail may be published depending on scheduling.

Europe:

• Euro-area inflation pulls, retail sales, or sentiment indicators from national agencies — watch EUR crosses.

Asia:

• China follow-ups or detailed sector prints that feed into commodity FX (AUD, NZD) moves.

Central bank / speeches:

• More policy-maker speeches across regions; statement tone and Q&A can swing short end yields and currency pairs.

---

📅Friday, 7 November 2025

United States:

• University of Michigan Consumer Sentiment (preliminary, November) — a commonly watched read for USD and risk sentiment.
• Where applicable this week: headline payrolls (Nonfarm Payrolls) / unemployment rate — note: publication could be delayed or altered if official government sources are affected by shutdown conditions; markets will price accordingly.

Europe / UK:

• UK / Eurozone retail sales or monthly labour/production updates that can alter GBP/EUR dynamics.

Asia / Pacific:

• Local monthly data and trade numbers that complete the week’s picture for regional FX flows.

Week-close:

• Weekly sector reports, monthly industrial snapshots, and central bank commentary often cluster — these can cause end-of-week position-squaring moves in FX.

---

Trading and Strategy Notes

• Prioritize: with possible official U.S. data disruption this week, privately compiled labour and business reports (ADP, private surveys) and central bank speeches could carry outsized market impact.
• Timezones: confirm session times on your platform (Asia/Manila timezone adjustments matter for Asia/US overlaps).
• Liquidity: watch Japan’s holiday on Monday and any local holidays — these can create thinner liquidity and bigger-than-normal moves..