[LFX]

with many key central bank events: Central Bank Focus: Fed may reiterating that “economic conditions are likely to warrant exceptionally low levels of the fed funds rates for an extended period.” In the UK, the focus is on the limit of the
BoE Asset Purchase Facility. The RBA is expected to raise rates by 25bp to 3.5%, with Monetary Policy Statement to provide perspective

The ECB’s decision should be bland apart from some details on the schedule of open market operations for 2010. Also, G20 Finance Ministers and Central Bank Governors meet (Nov 6-7). As the dust settles, nonfarm payrolls hit the market on
Friday. The market expects job losses to have slowed further in Oct (cons: from -263k to -175k) but mounting unemployment (cons: from 9.8% to 9.9%). In the day ahead, U.S. October ISM manufacturing and Sep Pending home sales will be the main sources of event risk. The SNB’s Jordan is also due to speak.