In Switzerland, the unemployment rate stood at 2.3% last month. It's expected to record the same rate as the recent 2.3%. The seasonally adjusted unemployment rate keep decreasing in a downtrend for more than three years and reached the lowest level since April 2002 for five consecutive months.
Bearish for USD/CHF.
In Canada, building permits decreased strongly to -6.5% MoM last month. Despite of expectations about some rebounding might be recorded this month to -2, I see negativity for Canada building permits as the recent result was a strong decrease from positive to negative level and was the low of three months.
Bullish for USD/CAD.
The house price index in Australia increased strongly to -0.7% last quarter. It's expected to increase this quarter to 0.2%.
Other important indicators release at the same time, the NAB business confidence index which expected to decrease to 0 from 2, and the NAB business conditions index which expected to decrease to 2 from 3.
Bearish for AUD/USD.
In the UK, manufacturing production increased MoM to -0.4% last month. It's expected to increase further this month to -0.2%.
Other UK news package are expected improving, the manufacturing production YoY is expected to increase -1.6% ffrom -1.8%, industrial production (On MoM: expected to increase -0.2% from -0.3%, and on YoY: expected to increase to -1.2% from -1.4%), and goods trade balance is expected to increase -11.800 billion GBP from -12.541 billion GBP.
Bullish for GBP/USD.
The Germany ZEW economic sentiment increased strongly to -2.1 points last month. Despite of expectations about there might be a pessisism about -13 points this month, the indicator showed improving as the recent result was the highest of five months.
Other important related indicators showed improving, the Germany ZEW current conditions increased to -24.7 points from -25.3 points and expected to increase further to -22 points, and the Eurozone ZEW economic sentiment increased strongly to -1 points from -23.5 points.
Bullish for EUR/USD.
In the US, the non farm labor productivity decreased to -0.3% in the third quarter. It was the first decrease in negative level since the fourth quarter 2018. It's expected to recover this quarter.
The unit labour costs of non farm business sector increased to 3.6% from 2.6%.
Bullish for USD/JPY.
In New Zealand, the electronic retail card spending increased to 1.6% YoY last month. It's expected to decrease this month to 1.5%. On MoM: the indicator decreased to -0.6% from 0.4%. Bearish impact is expected on NZD/USD.
In the US, the core inflation rate decreased to 2.3% YoY in the last month. It was expected decrease after reaching the highest since August 2018.
Another related important indicator is expected to decrease, the US inflation rate MoM which is expected to decrease 0.2% from 0.4%.
Bearish for USD/JPY.
The US stocks of crude oil decreased to -4.856 million barrels last week and better than the expectations of -1.734 million barrels. It's expected to increase this week to -3.050 million barrels.
Bullish impact is expected on USD/CAD.
On October meeting, the Federal Reserve cut the interest rate to 1.75%. It was the third consecutive rate cut this year. It's expected to keep the interest rate at the same rate as the recent 1.75%. I think the inflation pressures will affect on the USD currency.