Today's focus is on when the results of the U.S. midterm elections will become clear, the resulting direction of the U.S. dollar against the yen and the euro, and developments in the U.S. stock market.
Today's focus is on the U.S. midterm elections, with the results expected to become clear from 4 November Japan time onward, as well as the direction of the U.S. dollar, Japanese yen and euro and developments in the U.S. stock market. A broad range of factors is also listed, including Australian monetary policy events and developments in major markets.
Among the economic indicators, U.S. JOLTS job openings and the U.S. manufacturing orders index are both expected to be released at midnight, while a scenario of continued weakness in U.S. stock indexes is anticipated. Attention is also focused on the RBA policy rate decision and statement, its quarterly monetary policy report, and the press conference by RBA Governor Michele Bullock.
Japan may be closed for a public holiday, and the outcome of the U.S. midterm elections is expected to affect activity in dollar/yen and the euro. Market participants will need to closely monitor movements in U.S. Treasury yields and major stock markets.
The main factors for today include the outcome of the U.S. midterm elections, the direction of the U.S. dollar against the yen and the euro, and developments in the U.S. stock market. At the same time, Australian monetary policy events and the release of key U.S. indicators may affect one another.