Investors’ eyes on Yellen’s speech, Draghi’s remarks and US job report this week!

October 2, 2017

Yellen to Possibly Provide Clues on Timing of Next Hike.

Investors’ eyes on Yellen’s speech, Draghi’s remarks and US job report this week!

This article is originally referred from FXPrimus News

FXPrimus has summarized the important market indicators to focus on this week.

This week’s indicators

Yellen’s speech at a community banking conference hosted by the Federal Reserve Bank of St. Louis will be the top event this coming Wednesday at 19:15, followed by Draghi’s remarks at the Inauguration of the ECB Visitor Center, in Frankfurt, hours later, and the US Unemployment report which is due to Friday at 12:30.

On other reports, US will release its PMI reports on Monday, Tuesday and Wednesday at 08:30 respectively, and Australia will announce its latest rate decision on Tuesday at 03:30.

DOLLAR INDEX 4-HOUR CHART

MONDAY

A relatively quiet session with volatility around EU, GB and US PMIs.

This week kicks-offs with the Chinese markets being closed due to the Mid-Autumn Festival.

Open markets in EU will deliver a number of PMI reports from 07:15 onward, while at 08:30 UK will release its own Manufacturing PMI.

Later in the day, at 14:00, US will publish its ISM Manufacturing PMI, and FOMC Member Kaplan will speak at the El Paso branch of the Federal Reserve Bank of Dallas, at 18:00.

TUESDAY

Eyes on RBA Monetary Policy Meeting and Interest Rate decision.

On Tuesday at 03:30, RBA will announce its latest Cash Rate decision and BoJ its Cope CPI at 05:00.

At 07:00 EU will release the Spanish Unemployment Change while German markets will be closed in observance of German Unity Day.

At 08:30, UK will release its Construction PMI, a figure of which is expected to change one point higher.

On other important events, FOMC member Powell will speak about regulatory reform at a financial regulation event at 12:30.

WEDNESDAY

A very busy session with investors focusing on Draghi’s and Yellen’s speeches.

A volatile session starting with marginal impact EU PMI reports from 07:15 onward while UK will release its own Services PMI at 08:30.

ADP will publish its own NFP report at 12:15 and later at 14:00, ISM its own Non-Manufacturing PMI.

EIA will release the latest Crude Oil Inventories at 14:30.

Market participants could take advantage of Draghi’s speech at the Inauguration of the ECB Visitor Center at 17:15 in addition to Yellen’s opening remarks at a community banking conference hosted by the Federal Reserve Bank.

THURSDAY

A noisy session with many releases and a number of speeches from key FOMC and MPC members.

Thursday’s opening starts with the Australian Retail Sales and Trade Balance at 12:30 and will be followed by ECB’s Policy Meeting Accounts hours later at 11:30.

Statistics Canada and US will release its own Trade Balance while at the same time, 12:30, US will publish its latest Unemployment figures.

FOMC members Powell and Harker will speak about the Treasury Markets Practices Group best practices and at the Investing in America’s Workforce Capstone Conference respectively, at 13:10 and 14:00.

MPC members McCafferty will speak at The Founders’ Company Annual Lecture at 16:00 and Haldane about central bank engagement with society at the Economic Research Council, In London at 17:30.

Friday

Investors will look forward to the monthly US Employment report.

The end of the first week of the month of October will begin with Halifax PMI at 07:30 and Haldane’s speech about public trust in institutions at the Royal Society for the encouragement of Arts, Manufactures, and Commerce at 12:00.

At 12:30 the Canadian and most importantly US Employment data will be released, the figures of which are expected to fall.

FOMC members Dudley and Kaplan will make a speech at the Council for Economic Education and at the Investing in America’s workforce Capstone Conference at 16:15 and 16:45 respectively.

Original Source: FXPrimus News

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