Retail trade data well above market expectations. Indicators strong for retail to continue. RBA expected to keep rates at 2.5%. Not expected change on Melbourne Cup day. Trade deficit expected to have fallen by 350 Million. Labour market data release expected unemployment rate to rise to 5.7%. Inflation expected to revise their near term inflation up slightly. Growth forecasts expected to be maintained.

Forex
:
USD expecting solid Q3 GDP growth expected. Euro expected to fall. Great British Pound also expected to fall. Euro inflation low at 1% not the 2%. Bank of England unlikely to make any change and keep interest rates at 0.5%. USD expected to rise against GBP, Euro and YEN. Aussie $ to end around 95US cents.
4th Nov 2013, CBA Global Markets Research: The Week ahead: RBA & Jobs