Market Movers This Week: Key Rate Decisions and Asset Price Forecasts:
This week brings a series of crucial economic events and asset movements
that could shape global financial markets.
Investors will focus on interest rate decisions from the Reserve Bank of Australia and the Bank of England,
the U.S. Federal Reserve’s latest stance, and pivotal indicators like the U.S. Services PMI and China’s Consumer Price Index.
This article will analyze major assets, including EURAUD, Gold, the U.S. Dollar Index,
Dow Jones and Oil to understand potential market trends.
Here’s what to watch out for each day and how the latest economic news may impact these assets.

Content
Economic Calendar
EURAUD
Gold

U.S. Dollar Index

Dow Jones

Oil

Economic Calendar

Tuesday

RBA Interest Rate Decision (November) – 6:30 AM – Australia

Services PMI (October) – 5:45 PM – U.S.

Wednesday

U.S. Crude Oil Inventories – 6:30 PM – U.S.

Thursday

BoE Interest Rate Decision (November) – 3:00 PM – UK

Initial Jobless Claims – 4:30 PM – U.S.

Federal Reserve Interest Rate Decision – 10:00 PM – U.S.

FOMC Press Conference – 10:30 PM – U.S.

Friday

Consumer Price Index (MoM) (October) – 4:30 AM – China

EURAUD

The EURAUD is trading at around 1.6512 after a pullback from the supply levels to 1.6627.
The current movement suggests a new downward corrective wave potentially extending to 1.6200,
especially if negative news on the euro emerges this week
However, if 1.6627 is directly breached, upward trades may continue, targeting 1.6900.

Gold

Gold experienced a downward corrective wave last week, closing around 2735.
Despite the harmful U.S. job data, gold continued its bearish trend.
If it breaks below 2731, the downward movement may persist, targeting 2709,
a fundamental buying level where gold may resume its upward trend.

U.S. Dollar Index

The U.S. Dollar Index remains bullish despite last month’s low job additions.
Expectations that the Fed will reduce rates by only 25 basis points in November,
rather than 50, support USD trading.
The index may continue to rise if it breaks 104.75, with the next target extending to 106.

Dow Jones

The corrective downward wave in the Dow Jones appears near completion,
with trades reaching 42050.
Signs of a reversal pattern support the end of the correction
and the start of a new upward wave from current levels,
particularly with the anticipated U.S. rate cut this month.
The next target for the Dow Jones would extend to the peak around 43310.

Oil

Oil has traded sideways recently amid unclear demand projections for the coming months,
trading around 69.29.
The downward movement is the most likely scenario,
as oil faces significant resistance near 72.22. It may target 66.3 again.
However, if it breaks 72.22 and closes above,
there could be an opportunity to continue rising towards 77.6.

Market Movers This Week: Key Rate Decisions and Asset Price Forecasts

Market Movers This Week: Key Rate Decisions and Asset Price Forecasts

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