• AU RBA decision & US Non-Farm payroll (labour) the key headliners this week.
• RBA expected to keep cash rate @ 3.60%, US unemployment rate same @ 4.3%.
• AUDUSD still in consolidation (bullish bias), pivoting between 0.6503 & 0.6603.
• HUGE week in markets for both AU & US.
• AUDUSD hovering around mid 65c.
• RBA live cash rate decision coming up on Tuesday (Melb Cup), widely expected to keep rates same @ 3.60%, after last week’s HOT CPI reading of 3.6% y/y.
• This means we’re unlikely to see any rate cuts in AU for this year, as economists now revise their forecasts of a rate cut possibly after H2 2026. Inflation needs to get back within 2-3% target range.
• We also have the US labour figures being released, albeit still during the government shutdown.
• Non-Farm change expected @ +50K (prev 22K) with an unemployment rate same @ 4.3%. Any material change from these figures will likely move the USD.
• HUGE moves expected this week, WATCH OUT!
| Economic Calendar: Mon 3rd November 2025 – Friday 7th November 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Tues | 2:00am | ISM Manufacturing PMI | US | 49.4 | 49.1 |
| 2:30pm | Cash Rate / RBA Police Statement | AU | 3.60% | 3.60% | |
| RBA Press Conference | AU | N/A | N/A | ||
| Wed | Tentative | JOLTS Job Openings | US | 7.21M | 7.23M |
| Thur | 12:15am | ADP Non-Farm Employment Change | US | 28K | -32K |
| 2:00am | ISM Services PMI | US | 50.8 | 50.0 | |
| Fri | Tentative | Unemployment Claims | US | TBA | TBA |
| Sat | Tentative | Average Hourly Earnings m/m | US | TBA | TBA |
| Tentative | Core PCE Price Index m/m | US | TBA | TBA | |
| Tentative | Non-Farm Employment Change | US | 50.0K | 22K | |
| Tentative | Unemployment Rate | US | 4.3% | 4.3% | |
Source: forexfactory.com