Investors’ focus on FOMC’s meeting minutes, Draghi’s remarks and North Korea threat

October 9, 2017

Emphasis on FOMC Minutes, Retail Sales.

Investors’ focus on FOMC’s meeting minutes, Draghi’s remarks and North Korea threat

This article is originally referred from FXPrimus News

Here is the important market indicators of the week.

This week’s indicators

The FOMC meeting minutes of the latest policy meeting will be the highlight of this coming week.

Attention will remain on the Dollar, as US inflation data are to be released on Friday along with some consumer spending data.

On other important events, ECB Draghi is expected to create some opportunities on Wednesday due to his participation in a panel discussion, the Office of National Statistics is to release the latest UK Manufacturing Production while Pound is under pressure, and finally, the Chinese trade Balance figures are due on Friday; another economic event to be closely watched.

On other events, the latest North Korea threat for another missile test, is likely to keep investors appetite to risk off.

GOLD 4-HOUR CHART

MONDAY

A quiet session with no major economic indicators or volatility opportunities as US, CA, JP markets will be shut.  The week kicks off with a very slow pace, as the US, Canadian and Japanese markets will be closed for Bank Holiday.

Some minor economic indicators for Eurozone and the UK may create a small fluctuation on the respected currencies.

Other than that, we may see some post-NFP moves on the majors, as well as Gold, as risk appetite is back on after North Korea’s threat for another missile test.

TUESDAY

Focus on weak Pound and the Manufacturing Production report, US and CA speeches.

On Tuesday, at 12:30 NAB, the Business Confidence report will be released followed by Debelle’s speech at the Pan Asian Regulatory Summit at 03:20.

Minor Eurozone report will follow ahead of the GB Manufacturing Production and Goods Trade Balance reports at 08:30.

Canada will release its latest Building Permits figures at 12:30, while later in the day, at 18:00, Wilkins is expected to participate in a panel discussion titled “Systemic Risk and Macro-prudential Stress Testing”.

Before this, FOMC’s Kashkari is due to deliver opening remarks at the Regional Economic Conditions Conference.

WEDNESDAY

Eyes on FOMC September policy gathering minutes.

Wednesday’s session will start with Kaplan’s speech about economic outlook at the Stanford Institute for Economic Policy Research right at midnight, and hours later, at 14:00, BLS will announce the number of the latest job openings.

At 18:00, the Federal Reserve will publish the detailed record of the FOMC’s most recent meeting, whereas the latest rate was kept unchanged.

Volatility is expected to be high as insights into the conditions that influenced the board’s decision to keep the rates unchanged will be announced.

THURSDAY

A busy session with economic indicators all around, emphasis on Draghi’s speech.

On Thursday, at 08:30, BoE will release the quarterly Credit Conditions Survey while later in the session, at 12:30, Canada will report the change in the selling price of new homes.

At the same time US will release inflation data with its latest PPI report while the Jobless Claims will be reported too.

At 14:30, ECB Draghi is expected to create some fluctuations as he is due to participate in a panel discussion about monetary policy at the Peterson Institute for International Economics; Brainard and Powell will speak at the same event.

Volatility will be high at 15:00 on the USOIL, as the Crude Stocks will be released while later in the session, at 19:15 and 21:30, Wilkins will speak in a panel discussion and NZ will release the level of a diffusion index, respectively.

FRIDAY

Investors will look into US inflation and consumer spending data.

The end of the second week of the month of October will begin with RBA Financial Stability review at 12:30 and the Chinese Trade Balance.

Volatility will be high around the release of the CPI and Retail Sales reports at 12:30, and could extend at 14:00, where the UoM Inflation Sentiment will be published.

At 14:25 and 15:30, FOMC members Evans and Kaplan will be expected to speak about the economy and monetary policy at the Wisconsin Summit on Financial Literacy and at the Chartered Financial Analyst Institute, in Boston, respectively.

Original Source: FXPrimus News

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