What are the main events for today? | investingLive

In the European session, we don’t have anything on the agenda other than a couple of ECB speakers who are going to repeat the same old stuff.

In the American session, the main highlight is the weekly US ADP jobs data. Last week, we got a soft number at -11,250 in the week ending October 25. That moved the market a bit, especially in FX where the US dollar weakened across the board but eventually recovered all the losses.

This data is released with a two-week lag, so it’s still covers October. The market might care more about the last two weekly ADP data in the month as they start to cover November too. Not sure, but it makes sense to me.

Other than that, we have the US NHAB Housing Market Index which hasn’t been a market-moving report for a very long time as the market is focused on jobs and the Fed rate cuts right now.

Central bank speakers:

• 10:00 GMT/05:00 ET – ECB’s Elderson (neutral – voter)
• 11:00 GMT/06:00 ET – ECB’s Dolenc (neutral – voter)
• 13:00 GMT/08:00 ET – BoE’s Pill (hawkish – voter)
• 15:30 GMT/10:30 ET – Fed’s Barr (neutral – voter)
• 16:00 GMT/11:00 ET – Fed’s Barkin (neutral – non voter)
• 17:00 GMT/12:00 ET – BoE’s Dhingra (dove – voter)