Here is what you need to know on Monday, October 30: Financial markets stay relatively calm to start the new week, which will feature key central bank
policy meetings and high-tier macroeconomic data releases. In the European session, third-quarter Gross Domestic Product and October Consumer Price Index data from Germany will be watched closely by market participants. The US Dollar Index moved sideways in a tight range on Friday as the Personal Consumption Expenditures Price Index data from the US came largely in line with market expectationsbut managed to post modest weekly gains. Early Monday, the USD Index holds steady near 106.
Meanwhile, US stock index futures trade modestly higher on the day, pointing to an improvement in risk mood. Over the weekend, Israel's military continued fighting with Hamas in the northern region of Gaza as part of its ground operation. The UN Security Council is expected to hold an emergency meeting on Monday to discuss a pause in the conflict to provide humanitarian aid. EUR/USD closed the previous week virtually unchanged and went into a consolidation phase at around 1.
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