The Week That Defines November

Last week was the warm-up.

This week is the real deal, the kind of week that defines how traders will remember November.

We’ve got four central banks on deck, key jobs data from the U.S. and Canada, and enough volatility to move every major pair.

It’s not the time for predictions; it’s the time to react.

Because when this much data drops in one week, the market stops being theoretical, it starts getting personal.

Monday kicks off with the RBA rate decision. No one expects fireworks, rates will likely stay at 3.6% but tone always tells the story.

If the RBA hints that inflation’s still sticky, AUD could wake up fast. If they play it cool, expect another quiet drift. Either way, the Aussie’s due for a move.

Midweek brings JOLTS and ADP, both key precursors to NFP. After Powell’s “we’re watching the data” speech, every number suddenly matters again.

If job growth holds up, the “December cut” crowd might want to calm down. But if hiring slows further, the Fed’s hand could be forced.

Thursday, it’s the pound’s turn. The BoE is stuck between stubborn inflation and a tired economy, not a fun spot to be in.

Bailey’s tone could decide if GBP/USD hangs on to 1.25 or slips into another selloff.

Many will be listening more to his mood than his message.

And then comes the big one.

Non-Farm Payrolls is where the whole week converges.

A strong report keeps USD firm and gold on the back foot. A weak one? Expect reversals everywhere.

This isn’t just a data drop, it’s the moment that decides how November trades.

This week isn’t about being early, it’s about being ready.

Every central bank, every print, every tone from a press conference has ripple effects that could set up November’s dominant trade.

As always, let’s be reactive, and let the data write the script. Because when the month ends, this will be the week everyone looks back on and says, that’s where November began.