Good morning. The Federal Reserve wasn’t created until 1913, after a series of financial panics, including the Panic of 1907, when J.P. Morgan himself had to use his own money to bail out the U.S. banking system.
That crisis convinced Congress that maybe, just maybe, the country needed a central bank.
-Shaun A, Jonathan Kibbler, Jordon Mellor
MARKETS
How’s your favorite today?
Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.
MARKET ANALYSIS
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.
Here’s what you need to know:
1. Australia Starts the Week
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.
2. U.S. Jobs Warm-Up
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.
3. The Bank of England’s Balancing Act
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.
4. NFP Friday “The Main Event”
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.
My Takeaway
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.
100 Genius Side Hustle Ideas
Don't wait. Sign up for The Hustle to unlock our side hustle database. Unlike generic "start a blog" advice, we've curated 100 actual business ideas with real earning potential, startup costs, and time requirements. Join 1.5M professionals getting smarter about business daily and launch your next money-making venture.
FOREX
FX Traders, Buckle Up — This Week Could Get Wild
We have seen some significant changes to the currency strength meter this week with risk currencies AUD and NZD outperforming most.
But this week could change again dramatically.
Some events to look out for:
We have a RBA meeting tomorrow which is forecast to leave rates unchanged due to the recent rise in inflation.
The Bank of England is forecast to hold rates at 4% because they are stuck waiting for the Labour government’s autumn budget.
If the US government shutdown goes past Wednesday it will beat the longest shutdown in US history. That could come with its own risks.
Strong Currencies
My currency strength meter highlights these currencies as the strongest as of last week:
CHF: The Swiss Franc remains the top dog for now, extending this run to 3 weeks. If the risk off sentiment returns then the CHF will likely remain the strongest currency.
USD: In history after the shutdown ends the USD can rally so it will be important to watch the price action if we do see a resolution this trading week.
Weak Currencies
Looking at the opposite side of the strength meter now, these are the weakest of last week:
JPY: The Japanese Yen becomes the weakest currency, the BoJ left interest rates unchanged and has moved to a more neutral position. They still see rate hikes in the future but they will be watching inflation closely.
GBP: I have been looking for GBP weakness for a while and it’s starting to show on the currency strength meter now. It could be a tricky week to trade the GBP but I am still on the bearish side as it looks more likely the UK will see tax hikes and less growth over the next year.
Markets to watch
Based off of the above these are the currency pairs on my trading watchlist:
Bullish | Bearish |
CHFJPY | GBPCHF |
USDJPY | GBPUSD |
WATCH
CHART BREAKDOWN OF THE DAY (USD/CHF)
USDCHF trades near 0.8040, holding just above its broken trendline resistance. The pair faces hurdles at 0.8080 and 0.8240, while support sits at 0.8000 and 0.7970. A daily close above 0.8080 could open the door for further recovery toward 0.8230.
DAILY TRADING PSYCHOLOGY NUGGET
“Markets punish those who need action.” The urge to always be in a trade comes from boredom, not opportunity. The best traders know that patience pays more than participation, sometimes, doing nothing is the most profitable move you can make.
TODAY’S MOST TRENDING MARKET NEWS (NOVEMBER 03, 2025)
The Indian Rupee slipped around 7 paise to 88.77 against the US Dollar, pressured by rising oil costs and foreign capital outflows, while reports suggest Reserve Bank of India intervention helped prevent a sharper fall. (source:economictimes)
GAMES
Trading Brain Training
I’m not a storm, but I shake the ground,
A single rate change makes me resound.
Doves will cheer, hawks will frown,
I move the markets up and down.
What Am I?
GET TO IT
🦖 Get funded as a trader with up to $4,000,000.
🦖 Understand how Market Makers work
🦖 Watch Professional Traders trade live in London
🦖 Do a super quick challenge that will have missive impacts on your results.
🦖 Check out these recommended trading tools.
ANSWER
Answer: Interest Rate Decision