 Welcome Traders to the TITMA Weekly Market Outlook for Weekend in 1st November with me, Patrick Monoghi. Starting in the US, we are looking at Monday, September construction spending, strong hasn't demands, expected to continue to be supportive of construction. We also get October ISN manufacturing, continues to signal robust growth as the estimates, whilst October market manufacturing PMIs may be somewhat by supply chain and delta headwinds. Heading forward to Wednesday, we get October ADP employment change, looking for another one plus point there. Let's get October ISN non-manufacturing, re-opening sustaining strong expectations for activity. We get September factory orders, transport orders have been creating volatility of late, so noteworthy there, looking for a market median estimate there of minus 0.1%. We also get October market service PMIs, strengthened line with a view from the ISN surveys, essentially what were anticipating there in median estimates of 58.2, anything above 50 obviously is considered to be expansionary. Most importantly on Wednesday, we get the FOMC policy decision and we are looking for that formal tapering announcement and then we want to see how the committee are positioned with respect to the potential for rate heights into 2022. On Thursday, we get initiative, jobless claims, downtrend likely to continue at a slow pace. We get Q3 productivity, delta's resurgence probably hit productivity quite harder, expecting a median print error of minus 1.3%. We also get the September trade balance and the trade deficit to widen further to historically significant levels at minus 74.6 as the market consensus. And finally on Friday, we end up with October non-farm payrolls, looking at the market median is 425K, employment momentum is expected to lift in this print. Well obviously we also get the employment rate looking for market median 4.7% and the unemployment rate should continue to go to lower. And finally we'll be looking at the October average hourly earnings for 0.4%. The labor shortage is supporting that wage growth scenario. From a technical perspective, Donald Index surged higher on Friday. We'll have to wait and see how we open up on Monday here. Obviously we have month-end positioning so we'll have to see how the market comes in on Monday. If we find support above the descending trend line here coming in somewhere around 93, 85, we'll be looking for that extension up into the upside objective here, projected ascending trend line resistance coming in 95 to 72 and we have a 50% retracement of the entire decline of 96. And what we're ultimately looking for is by the rumour of the tapering and seller fact scenarios so if we get a push up into these areas, then we'll be watching see if we get bearish reversal patterns to re-engage the dollar on the short side. Heading into the Eurozone. Monday we get October market manufacturing PMIs, final release for the month, market median is coming in at 58.5. Then on Wednesday we get October market services PMIs, looking for 54.7 final release for the month. We also get September unemployment rates, employment growth should be slowly trending down really back into 21 and into 22. And finally we end the week on Friday with European September retail sales, the reopening supportive of services at the expense probably of retail and the last print was 0.3%, no estimate on that one. From a technical perspective, Eurodollar tested the 70 trend line resistance strong with us on Friday and we did close above this projected 70 trend line support. So again similar to the dollar story, we'll have to see how we come in on Monday here. Any follow through below Friday's lows opens that pitiful test of the 114. At this stage we need to see a close 3117, the 70 trend line resistance to start thinking about upside objectives. Moving to the UK and Sterling, you get October market manufacturing PMIs on Monday, again final release for the month. Wednesday we get the October nationwide house prices, annual growth is expected to remain strong above 9% and looking at median investments for the month for 0.3%. We also get October market services PMI final release for the month, last print was 58. Then on Thursday the headline event is the BOE policy decision with markets anticipating a 0.15% hike in rates. But we have had some mixed data of late so that's up for debate on Thursday but certainly weren't paying attention to that print on Thursday. From a technical perspective in line with much of these dollar managers outside the glass on Friday, looking for a test of the monthly pivot, sorry, looking for a test of the support zone here at 136, buyers re-emerged here, then we'll see how we trade out the trend line again. But we do have this equality objective, A, B, C, downside objective equality there at 133.22. And again really, unless we can recapture on a closing basis this 138.35, I think pressure is to the downside heading into this week. Let's check in with the Dolly Yen. In terms of data, it's pretty light for Japan next week. We get Monday, October, Nikkei Manufacturing PMI final release for the month, last print was 53, again considered expansionary. The only other release of note next week is October, Nikkei, Japanese PMI services, final release for the month, but again domestic demand is likely to be soft, and that's going to weigh on again. From a technical perspective, we are looking for a close, through this descending trend line resistors here, 140, 17 area to get a test of the fifth wave upside expansion target here at 150, 76. Then from there we'll see, can we press on to test the ascending trend line resistors at 1665? Certainly this area will be watching the bearish reversal patterns compare counter-trend short position in the Dolly Yen. And last but not least, we have the Aussie. And Monday, pretty busy. We've got Core Logic Home Value Index, modest slowing in momentum, likely due to the lockdowns. We've got September housing finance, market median forecast minus 1.5%, likely further leg lower as home builders unwind and we're facing those delta headwinds. We've got September owner occupier finance, so refinancing. Disruptions continue to have lagged effects there. We've got September investor finance, investor learners should outperform slightly, I think. October, MI inflation gauge, inflation pressures continue to be in focus, to the center the rise in cost. We also get the ANZ job ads labor market. So bounce back on the reopening of the Australian economy, and then the headline event really is on Tuesday, the RBA policy decision expected to come in at, sorry, 0.1%, any shifting guidance regarding the on hold until 2024 will be the key focus. We also get RBA Deputy Governor De Bell speaking, participating in a panel event, of the X Sydney summit is going to be in focus there. Then moving into Wednesday, we get September dwelling approvals, August high rise gain to reverse with home with the homebuilder unwind that we're anticipating in the data roll on Monday. And then on Thursday, we get September trade balance exports zero, probably minus 5% lower iron ore prices certainly going to weigh there and imports plus 0.5% on that uptick in the oil price. And then last but not least, on Friday, we get the RBA statement on monetary policy updated forecasts are going to be a particular interest. From a technical perspective, we are looking for one more extension into this descending trend line assistance at 76 level. And then we're looking to play counter train short positions back into test this 7370 zone of support if buyers re-engage there then we're going to be looking to the long side and certainly thinking about test this high volume and again that 7740. And that concludes the weekly market outlook before we commencing the first of November. As always traders, plan the trade, trade the plan, most importantly, manage your risks. Until next week, thanks very much.